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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (748939)	10/23/2013 4:15:20 PM
From: Tenchusatsu	1 Recommendation Recommended By i-node Read Replies (3) \| Respond to of 1572484

CJ, it's unclear which part of the "cost" was directly due to less government spending and which parts were due to stuff like "cancelled travel plans" and other vague effects. It's also unclear how much of that will be made up now that the shutdown is over. Federal workers will get back pay and postponed contracts will be restarted. Heck, the national parks may even see an uptick in attendance. I know one of my friends was planning on visiting Yellowstone when the shutdown hit. She instead spent her time frequenting the local businesses around the parks. This is all stuff that the S&P estimate probably doesn't take into account. But we'll never know because no one really knows how the S&P came up with its estimate or how the economy would indeed be affected. All I know is that the media LOVES to associate government spending with economic activity, because they've been told the same lies that the so-called "Keynesians" have been saying these days. Government spending is economic activity. Tenchusatsu