GDP did go up, but understand why. It went up because government spending is automatically added when they calculate the GDP. If they increased government spending by a gazzillion, then you’d increase GDP by a gazzillion. But that doesn’t mean you’d be a gazzillion dollars richer. It’s all meaningless money. The question is what did you get for that gazzillion dollars? In the case of government, not much.
If they increased government spending by a gazzillion, then you’d increase GDP by a gazzillion.
RE: Let’s see, according to Krugman... they spent $1.5 Trillion and the GDP grew to 1.6% (latest figures).
Therefore, to reach an emerging-market like 10% GDP, we need to spend $15 Trillion !!
Brilliant, just brilliant.