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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: ChinuSFO who wrote (147992)12/24/2014 11:01:54 AM
From: RetiredNow  Read Replies (5) | Respond to of 149319
 
He's right about one thing, the surprisingly strong Q3 GDP was mostly due to increasing in consumer spending from healthcare. Did you know that if health care spending was removed from the 5% GDP growth, then growth would only have been 1.7%. So basically, Obamacare accounted for 2/3rds of Q3 GDP growth. That shows that not only is the economy NOT healthy, but that even as wages are stagnant for the 99%, they are being forced to spend increasing amounts on healthcare. As always, Obama's and the Fed's policies continue to crucify the 99%.