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they said the same thing.
Has the GDP increased yes or no?
Except for the fact...that neither he nor I mentioned debt load effect on GDP...at all.Here is a very thorough study which documents that increasing debt reduces GDP growth. Not Romer's stupid multiplier nonsense. Romulus was correct.
Except for the fact...that neither he nor I mentioned debt load effect on GDP...at all.
LOL...a link to the BEA chart page...is supposed to show what?Look like an improvement to you? And you think I may be ignorant?
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1
The discussion on Romer wasn't about debt load. Read for content.You cited Romer's claim. Romer was wrong.
It has already been pointed out to you that the cut-off for good or bad with GDP is an annual rate of about 2.0, just to break even with employment.
You are arguing as if to say that one job created in the country is somehow an "improvement",
I never actually said that. You are just making stuff up again. I'd ask you to support it but as you stated before you aren't gonig to support the things you make up so that is probably pointless.
when the fact is that we need to create about 150,000 jobs per month just to keep up with population growth.
You were arguing "better or worse" before. You should understand what the measures are for such even if you quibble about where the exact line is drawn. Instead, when confronted with the finer understandings of "better or worse", you defer to nonsense.
Yes, of course it has at a lower rate this year than last year and last year vs the previous year. Not nearly enough to put taxpayers back to work as evidenced by the fact that unemployment is up. You want to see economic growth Reagan doubled GDP and Bush increased GDP by 4.5 trillion dollars over 8 years including the 2007-2008 recession. 2003-2007 the growth was exceptional
LOL...a link to the BEA chart page...is supposed to show what?
Don't you know, to save a chart you create....you need to save the image and post it?
Yes...you are ignorant of this basic fact.
Try again.
Barack Obama, 1.2% annual G.D.P. growth rate (previously 1.5%)
George W. Bush, 1.6% (previously 1.7%)
George H.W. Bush, 2.1%
Gerald Ford, 2.2%
Dwight Eisenhower, 2.5%
Richard Nixon, 3.0%
Jimmy Carter, 3.2%
Ronald Reagan, 3.5%
Bill Clinton, 3.8%
Lyndon B. Johnson, 5.0%
John F. Kennedy, 5.4%
To me, it is amazing that the growth rate after the crash of 08 is as good as it is considering the spending % increases of Reagan and Bush.
As opposed to two recessions, massive unemployment, a destroyed economy, 2 unfunded wars, hundreds of thousands dead....and $5 Trillion in added debt.And it only cost over a trillion dollars in govt. spending to generate those numbers which are still worse than GW Bush's term which includes two recessions. You need to try harder to act smarter
but...but....it should be faster....like the bubble economies we luv!!!!must be upside down. shows it going up and these guys wong accept it. You can only show info that reflects poorly on Obama. Wouldnt want to be honest about things.
As opposed to two recessions, massive unemployment, a destroyed economy, 2 unfunded wars, hundreds of thousands dead....and $5 Trillion in added debt.
Good job.
The St. Louis Federal Reserve is just a Soros front organization.....everyone knows that.Does that chart make any sense to you?
The St. Louis Federal Reserve is just a Soros front organization.....everyone knows that.
I am about to go home. I think it is pretty clear the economy has improved steadily, albeit slightly, from 2010 thru today. If you can't accept and acknowledge that you are just blinded by your own partisanship.
Right, the unemployed/under employed as well as the taxpayers paying debt service appreciate your claims.
Do you know you constantly ask questions that have been answered so many times in the past? Do you know how utterly silly it is to ask the same questions over and over again? Do you know that it is referred to as spam to keep posting the same things over and over again? Do you know.......?Please tell me how the wars affected the 5.4 trillion Obama has added the debt and the 23 million unemployed/under employed Americans? Do you know that deficits are yearly and debt cumulative? Bet you believe 5.4 trillion in debt is better than 5 trillion in 8 years?
Employment Situation Summary Table A. Household data, seasonally adjusted
from 2011 to today
Higher percentage of working adults
Lower unemployment rate
People being on unemployment for shorter periods of time
Fewer discouraged workers
Fewer mass layoffs
Diversion is what you do, do you believe we have a 13.6 trillion dollar GDP? That is wrong and you should know that. The chart doesn't show what you want it to show
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