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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (712038)4/26/2013 12:33:24 PM
From: i-node  Read Replies (2) of 1574854
 
>> Specifically, government spending cuts dragged down GDP by 0.8%. That may not sound like much, but it's actually enormous -- today's report would have shown economic growth of 3.3% instead of 2.5% had it not been for these cuts.


Who gives a shit about bogus economic "growth" that is a result of government spending? That's just dumb.

Government spending driving GDP is the functional equivalent of Apple driving up its sales by buying iPads for its employees.

The REALLY bad news is that a full point of the 2.5% was from inventory accumulation. Without that it would have been a paltry 1.5%.

This economy sucks.

Thanks, Mr. Obama.
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