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5 Big Reasons For You To Doubt The GDP Growth
The Daily Reckoning ^
| 10/31/09
| Rocky Vega
Posted on 10/31/2009 6:10:45 PM PDT by peeps36
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1
posted on
10/31/2009 6:10:46 PM PDT
by
peeps36
To: peeps36
In October the total number of people filing for some kind of unemployment rose to over 10 million for the first time in history, and no new jobs are replacing the ones that are lost.
Where’s the media? Telling us of ‘green shoots’ , recovery just around the corner, GDP is up.....
2
posted on
10/31/2009 6:16:51 PM PDT
by
Freddd
(CNN is not credible.)
To: peeps36
printing 10 trillion dollars and spending it, can contributes to increase in GDP. Zimabawee GDP growth is like $2109830924803284023 Zimbawae dollars, but it doesn’t mean anything
3
posted on
10/31/2009 6:20:29 PM PDT
by
4rcane
To: peeps36
Inflation is not factored into GDP so maybe inflation is taking off.
4
posted on
10/31/2009 6:25:42 PM PDT
by
RDasher
("El Nino is climate, La Nina is weather")
To: peeps36
You only need ONE reason: the entire GDP growth was due to Cash for Clunkers and First Time Homeowners gimmee programs, e.g. Gov’t spending. Wait and see when the next report comes out.
5
posted on
10/31/2009 6:26:06 PM PDT
by
bigbob
To: peeps36
It’s all smoke and mirrors like the during the previous administration, but we’ve run out of bubbles, except for the government bubble.
6
posted on
10/31/2009 6:27:26 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: Freddd
If a lie is told enough times eventually the listener will believe it.
To: RDasher
Inflation is not factored into GDP so maybe inflation is taking off. Since when?
8
posted on
10/31/2009 6:31:29 PM PDT
by
Moonman62
(The issue of whether cheap labor makes America great should have been settled by the Civil War.)
To: bigbob
You only need ONE reason: the entire GDP growth was due to Cash for Clunkers and First Time Homeowners gimmee programs, e.g. Govt spending. Wait and see when the next report comes out. By then they will have revised these numbers downward, making the new numbers look better when they come out. They do that with all the other data that comes out these days.
To: peeps36
Ya, it is a job loss recovery. The manufacturing jobs are still leaving the country. If a factory opened here wanting a thousand people they would have 10,000 applications just like the Target distribution center had in Lincoln County, NC. The country is being deliberately ruined and the chronies are still ticks using the public treasuries. How can things get better when planning is about controlling a demolition?
10
posted on
10/31/2009 6:35:37 PM PDT
by
poodle
To: peeps36
The 3.5 percent growth in GDP is roughly equal to an additional $112 billion dollars in output quarter-over-quarter, but we spent $173 billion on stimulus over that same period. Basically, GDP gained about 65 cents for every dollar spent on stimulus, not exactly a win.A plausible criticism, sounds like.
To: peeps36
Greetings from Olympia, WA
12
posted on
10/31/2009 6:58:23 PM PDT
by
They'reGone2000
(I regret having to report THEY'RE BACK.)
To: They'reGone2000
I’d call that “Portrait of a Loser”
13
posted on
10/31/2009 7:02:58 PM PDT
by
Finny
("Raise hell. Vote smart." -- Ted Nugent.)
To: They'reGone2000
Millionaires picking thje pockets of the poor?
Riiiiight ...
14
posted on
10/31/2009 7:03:38 PM PDT
by
_Jim
(Conspiracy theories are the tools of the weak-minded.)
To: peeps36
“3.5 percent third quarter GDP growth”
Hmmm ...
Components of GDP
GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).
Which one (which component) grew again?
15
posted on
10/31/2009 7:07:14 PM PDT
by
_Jim
(Conspiracy theories are the tools of the weak-minded.)
To: peeps36
“3.5 percent third quarter GDP growth”
Hmmm ...
Components of GDP
GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).
Which one (which component) grew again?
16
posted on
10/31/2009 7:07:18 PM PDT
by
_Jim
(Conspiracy theories are the tools of the weak-minded.)
To: peeps36
17
posted on
10/31/2009 7:08:15 PM PDT
by
LuvFreeRepublic
(Support our military or leave. I will help you pack BO!)
To: peeps36
Do you like your cooked books medium are well done.
18
posted on
10/31/2009 7:08:54 PM PDT
by
org.whodat
(Vote: Chuck De Vore in 2012.)
To: Finny
I’d call that “Portrait of a Loser”
But, to listen to the Libs, those are the guys WE need to go to for a job, not the rich b*stards who could actually pay one of us ...
19
posted on
10/31/2009 7:09:14 PM PDT
by
_Jim
(Conspiracy theories are the tools of the weak-minded.)
To: _Jim
Components of GDPGDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X - M).
Which one (which component) grew again?
The first 3 grew.
20
posted on
10/31/2009 7:23:11 PM PDT
by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
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