I knew that the economy was and is measured by the GDP, gross domestic product. What I didn't know is that government spending is part of the GDP. So the Obama cure(?) for the poor economy is part of the measured results. That's scientific BS folks.
The government spending a lot of money will automatically raise the GDP, just because they're spending more, not because it does anything to help the situation. He'll look like a hero automatically. Nothing but smoke and mirrors.
HT to The Geek in post Why Economists Like the Stimulus
Monday, March 9, 2009
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