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

To: i-node who wrote (825212)12/23/2014 6:59:53 PM
From: FJB  Read Replies (1) | Respond to of 1578244
 
Little Bammy and his Libtard henchmen changed how GDP was measured last year. I would wager the numbers are created out of thin air, much like all their Gruberisms.
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blog.bea.gov

A pharmaceutical company develops a new cancer drug. A Hollywood studio creates a box-office blockbuster. A song writer records a new hit. On July 31, BEA will begin including the amount of money businesses invest in the production of such intellectual property as part of gross domestic product (GDP).



To: i-node who wrote (825212)12/23/2014 7:03:49 PM
From: FJB  Respond to of 1578244
 
Q3 GDP Driven by INCREASED HEALTHCARE SPENDING

So what did Americans supposedly spend so much more on compared to the previous revision released one month ago? Was it cars? Furnishings? Housing and Utilities? Recreational Goods and RVs? Or maybe nondurable goods and financial services?

Actually no. The answer, just as we predicted precisely 6 months ago is... well, just see for yourselves.



In short, two-thirds of the "boost" to final Q3 personal consumption came from, drumroll, the same Obamacare which initially was supposed to boost Q1 GDP until the "polar vortex" crashed the number so badly, the BEA decided to pull it completely and leave this "growth dry powder" for another quarter. That quarter was Q3.

Source: Q3 GDP report: second revision, Q3 GDP report: final revision

zerohedge.com



To: i-node who wrote (825212)12/27/2014 12:27:45 AM
From: tejek  Read Replies (1) | Respond to of 1578244
 
>> They’re just choosing to ignore the strongest economic growth in 11 years.

The strongest growth since the implementation of the Bush Tax Cuts.

The tax cuts were introduced in 2001. Economic growth during the Bush administration was anemic at best. They were reduced in 2012. Since then, the economy has gotten stronger and stronger. There has been little evidence that tax cuts work. [see the state of KS].

Are you sure you are CPA?


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