From A Cliff Too Steep, Even for D.C. - B, by Randall W. Forsyth, 2012 October 27
The 13% hike in defense outlays, the biggest since the Iraq war began winding down, will surely be followed by a steep drop in the current quarter — after the election. < snip > ..... Even though there was no evidence of finagling in the jobs numbers, other data raised the eyebrows of some sharp-eyed observers, such as Michael T. Lewis, who heads Chicago consultancy Free Market Inc. The advance estimate of third-quarter real GDP showed annualized growth of 2%, the high end of the range of estimates. "However, one-third of the increase came from a surge in defense spending which, of course, has nothing to do with the imminent presidential election," Mike writes in italics, in case you didn't get his point.
I don't think I've seen this artificial GDP "boost" described in other publications or on FR, or pointed out and emphasized by GOP candidates in Presidential or Congressional campaigns.
Yeah and funny how it is 2.0 and not 1.9% ,and unemployment 7.9% and not 8%. Obama and its minion are just a bunch of tyrannical liars.
China makes most of our stuff: Obama makes U.S. uncompetitive
The U.S. economy is crap . We can’t even make most of our own stuff we use as China is making that and beating us. Obama has been president for 4 years so it’s that piece of crap’s fault.Obama’s socialism has destroyed the U.S. economy . We have much more coal, oil, shale oil , natural gas etc. than China but Obama is restricting energy production which could have created cheap energy for manufacturers . Instead China is building 1 coal power plant per week and makes most things we use ( more every day but the media lies and says the economy is great). 17 million more people on food stamps, 8 million more on disability , 20 million more unemployed. millions of manufacturing jobs lost , 50% college grads can’t find jobs, other good jobs replaced with fast food jobs and part time jobs all this with 6 trillion $ in debt it added on us . after election Obama ‘s EPA plans to almost completely shut down coal,oil, natural gas etc. Don’t you democrats get it socialism never works