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To: MaestroLC

I don’t believe the figure of 5.7% growth in GDP that all the networks are spouting about.

I think it is just plain not true.

I also would like to see the figures from every quarter since 2003, which is the time period NObama is bragging about he topped.

I don’t remember anything like this lack of growth- especially in 2003-04-05.


41 posted on 01/30/2010 10:13:17 AM PST by ridesthemiles
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To: ridesthemiles

They twist, spin, mutilate and scam every other set of numbers collected relative to the economy.


80 posted on 01/31/2010 1:53:29 AM PST by chilltherats (First, kill all the lawyers (now that they ARE the tyrants).......)
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To: ridesthemiles
I don’t believe the figure of 5.7% growth in GDP that all the networks are spouting about.

You shouldn't

"The 5.7 percent increase in gross domestic product, which exceeded the median forecast of economists surveyed by Bloomberg News, marked the best performance since the third quarter of 2003, figures from the Commerce Department showed today in Washington. Efforts to rebuild depleted inventories contributed 3.4 percentage points to GDP, the most in two decades. The problem with this calculation is that government spending is included in the calculations and government employees are counted twice! This skews the numbers, especially in a quarter that saw government intervention in the markets and an expansion of government jobs (at the expense of private employers).

http://www.marketoracle.co.uk/Article16885.html

95 posted on 01/31/2010 1:23:49 PM PST by 101voodoo
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