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To: Hojczyk

Don’t just do something, stand there!

Seriously, you haven’t even had one quarter of negative GDP and we’re crying great depression? Ooooookay!


3 posted on 06/01/2011 10:58:36 AM PDT by Peter from Rutland (!@)
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To: Peter from Rutland

Considering that the Obama administration is responsible for estimating our GDP statistics, they should probably be taken with a grain of salt.


9 posted on 06/01/2011 11:00:35 AM PDT by Thane_Banquo (Mitt Romney: He's from Harvard, and he's here to help.)
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To: Peter from Rutland
GDP = private consumption + gross investment + government spending + (exports − imports), or

GDP = C + I + G + (e − i)

Take out the G (government spending of borrowed monies) and that equation is negative.
18 posted on 06/01/2011 11:16:10 AM PDT by voveo
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To: Peter from Rutland

You really believe the phony GDP numbers the government publishes?


21 posted on 06/01/2011 11:21:36 AM PDT by rokkitapps ( Hearings on healthcare waivers NOW!)
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To: Peter from Rutland
>>Seriously, you haven’t even had one quarter of negative GDP and we’re crying great depression? Ooooookay!<<

Oh man, you say it like you believe the data coming from Uncle Sugar or something.

It's an election year, the MSM loves O-bozo, you don't think they'd report stories to hurt their leader do you?

The federal reserve has pumped billions upon billions into the markets, monetized it's own debt to keep the can tinking down the road.

All the signs are (were) there of yet another downturn in the economy.

22 posted on 06/01/2011 11:21:44 AM PDT by servantboy777
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