You can always tell an undereducated moron by how
Post# of 65629
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Posted On: 08/11/2017 6:10:53 PM
You can always tell an undereducated moron by how often they jump to conclusions based upon incomplete data.
Look at the first qtr. number:
Look at the first qtr. number:
Quote:
The acceleration in real GDP growth in the second quarter reflected a smaller decrease in private inventory investment, an acceleration in PCE, and an upturn in federal government spending.
Maybe Obama should have 'invested' in higher gov. spending? LOL!
These movements were partly offset by a downturn in residential fixed investment and decelerations in exports and in nonresidential fixed investment.
https://www.bea.gov/newsreleases/national/gdp...elease.htm
Quote:
An excellent New York Times piece today by reporter Binyamin Appelbaum notes that while economist accept slower growth is partly the result of long-term trends, they also think the aftermath of the Great Recession and the Not-So-Great Recovery are playing a role.
Among the former factors, you have (a) the demographically-driven decline in labor force participation and (b) an apparent productivity slowdown starting in the mid-2000s as the pace of technological innovation and diffusion has slowed.
Quote:
Hawks & speedo,
1.5% GDP growth
is not the new normal.
It was a lie by the socialists and the world'r planners.
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