[kingu]

Double dip recession? The budget deficit is 12% of GDP... That's JUST the deficit. Unless the economy is roaring somewhere somehow that we missed, we've been in a sustained economic depression since Obama took office, and the only thing that covers it up is the massive amounts of cash the federal government is borrowing at unprecedented speed and simply washing into the overall economy.

This isn't about being a deficit spending hawk or whatnot, but being coldly analytic about the numbers. If the economy's ‘growing’ at two percent and the federal government is pumping in 12% of the GDP in borrowed money, wouldn't the actual number be a ten percent shrink in the economy?

It's the massive donkey in the room that no one seems to want to mention, lest it be recognized as a massively crashed economy that simply has not improved in four years.

[central_va]

Double dip recession? The budget deficit is 12% of GDP... That's JUST the deficit. Unless the economy is roaring somewhere somehow that we missed, we've been in a sustained economic depression since Obama took office

I've been posting, making this same point about the GDP, for years now and nobody listens. I told a guy I work with, a libertarian type, that same thing about the true negative GDP numbers and he was so upset by what I said he had to go home the rest of the day.