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To: Kaslin

The economy is growing too fast in the negative direction. I suspect this is part of the plan form the FED to make their world bank handles rich at our expense.


2 posted on 10/03/2015 6:56:50 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: mountainlion

Look to the Marxist in Chief who hates capitalists and thinks they should be taxed at 100 % but doesnt because then the businesses would just close their doors. He will tax everyone to their maximum pain threshold level beingb he sadist and masochist that he is. No one is happy under him except his fellow ogliarchs and their corporate sponsors.


3 posted on 10/03/2015 7:06:30 AM PDT by jsanders2001
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To: mountainlion
I am just a simple farmboy from Western New York. But I DO have a spreadsheet. Anyway, (and I invite anyone to critique my thinking on this), GDP includes government spending (at all levels). But a sizeable part of Federal Government spending is borrowed (i.e. 'the deficit). So what happens when you deduct the deficit from the GDP? For 2014, instead of 2.4% growth, you have a much more modest .91% growth in GDP. In other words growth is much less impressive if you don't count what you put on the credit card. My thinking is that you are inflating today's economic growth on the backs of future generations.

But you know what? That .91% is by far the best growth rate during the Obama years:

2010 -5.00%
2011 -4.80%
2012 -2.81%
2013 -0.45%
2014 0.91%

These are the rates of growth for the economy if you net out the deficits that were used to goose the numbers. In other words, we got something like $3 trillion in increases to the GDP, but we increased the national debt by nearly $4.9 trillion over that period. I am sure our grandchildren will really appreciate Obama's economic record.

6 posted on 10/03/2015 8:07:17 AM PDT by fhayek
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