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<blockquote data-quote="Lue C Fur" data-source="post: 1047349" data-attributes="member: 25159">This is interesting:Government spending’s misleading impact on GDPOn Oct. 26, the Bureau of Economic Analysis’ advance estimate of the Gross&nbsp; Domestic Product (GDP) in the 3rd quarter (Q3) of 2012 showed 2 percent growth — not really a good number.Just to get to the 3 percent annual growth rate the Obama Administration had&nbsp; originally forecast at the beginning of the year, the economy would have to grow&nbsp; at an annualized pace of 6.7 percent in the fourth quarter — something not&nbsp; likely to happen.In fact, the numbers look even worse upon examining the fine print, because&nbsp; 20 percent of the nominal increase in GDP was attributable to increased government spending.&nbsp; If government spending had held steady, as it had the prior two quarters, growth&nbsp; would have only come in at a reported 1.6 percent.Read more at NetRightDaily.com:&nbsp; <a href="http://netrightdaily.com/2012/10/government-spendings-big-impact-on-gdp/#ixzz2AiRHHDyN" target="_blank">NetRight Daily&nbsp; Government spending’s misleading impact on GDP</a></blockquote>

[QUOTE="Lue C Fur, post: 1047349, member: 25159"] [COLOR=#0000CD]This is interesting: [/COLOR][COLOR=#000000][SIZE=3][B]Government spending’s misleading impact on GDP [/B][/SIZE][/COLOR][COLOR=#0000CD][/COLOR][COLOR=#000000][I]On Oct. 26, the Bureau of Economic Analysis’ advance estimate of the Gross Domestic Product (GDP) in the 3rd quarter (Q3) of 2012 showed 2 percent growth — not really a good number.[/I][/COLOR] [COLOR=#000000][I]Just to get to the 3 percent annual growth rate the Obama Administration had originally forecast at the beginning of the year, the economy would have to grow at an annualized pace of 6.7 percent in the fourth quarter — something not likely to happen.[/I][/COLOR] [COLOR=#000000][I]In fact, the numbers look even worse upon examining the fine print, because 20 percent of the [U]nominal [/U]increase in GDP was attributable to [B]increased government spending.[/B] If government spending had held steady, as it had the prior two quarters, growth would have only come in at a reported [B]1.6 percent[/B].[/I][/COLOR] [COLOR=#0000CD] Read more at NetRightDaily.com: [url=http://netrightdaily.com/2012/10/government-spendings-big-impact-on-gdp/#ixzz2AiRHHDyN]NetRight Daily Government spending’s misleading impact on GDP[/url] [/COLOR] [/QUOTE]

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