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Author Topic: GDP FYI  (Read 218 times)

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Offline Questor

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GDP FYI
« on: October 29, 2009, 02:11:36 PM »
By the way, if you've been hearing or reading the news today that the GDP rose 3%, keep in mind that the definition of GDP in the US has changed quite significantly during the past 40 years. Today's GDP calculation includes government purchases, so cash for clunkers, and the first time home buyer boondoggle are included. Without that nonproductive spending, the GDP would probably have gone down.
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Offline blind ear

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Re: GDP FYI
« Reply #1 on: October 31, 2009, 04:47:19 AM »
Any 0% finance rates or reduced rate financeing induced by the bail out is also an expense figure that isn't taken from the GDP. eddiegjr
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Oath Keepers: start local
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“It is no coincidence that the century of total war coincided with the century of central banking.” – Ron Paul, End the Fed
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An economic crash like the one of the 1920s is the only thing that will get the US off of the road to Socialism that we are on and give our children a chance at a future with freedom and possibility of economic success.
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everyone hears but very few see. (I can't see either, I'm not on the corporate board making rules that sound exactly the opposite of what they mean, plus loopholes) ear
"I have seen the enemy and I think it's us." POGO
St Judes Childrens Research Hospital
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