and for anybody that believes it grew by 2.5% i have a bridge to nowhere to sell you...
Posted on 04/26/2013 5:42:42 AM PDT by Perdogg
U.S. economic growth regained speed in the first quarter, but not as much as expected, which could heighten fears the already weakening economy could struggle to handle deep government spending cuts and higher taxes.
(Excerpt) Read more at cnbc.com ...
My source is mentioned in comment #29.
Right... you’ve also noticed the constant “surprise” by “economists” when Democrats fail.../sarcasm
lies all lies
In Long After “Unexpectedly!”
and for anybody that believes it grew by 2.5% i have a bridge to nowhere to sell you...
“Part of the acceleration in activity reflected farmers’ filling up silos after a drought last summer decimated crop output. Removing inventories, the growth rate was a tepid 1.5 percent.”
So even the official, unexpectedly-lower figure of 2.5 is malarkey, then? Color me shocked and surprised!
Romney was absolutely right about at least one thing: This is NOT what a recovery looks like.
Dejavu all over again.
You both might enjoy this talk:
http://www.econtalk.org/archives/2012/04/autor_on_disabi.html
I listen on my commute.
Seriously, who comes up with this stuff?
Just because a government is larger than a household, doesn't mean it can go on borrowing and borrowing to finance an out of control spending spree indefinitely. At some point, the bills must be paid. And in the case of government spending, the money to pay those bills comes straight from the economy. Decrease the spending, decrease taxes, decrease the burden of government spending. Only then will the economy recover.
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