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What I want to know is, after annualized growth rates of 0.4% and 1.0%, how on earth is the CBO coming up with a projected growth rate of 2.4% for the full year? It would take 4% annualized growth rates in 3Q & 4Q to get there - we're 2 months into 3Q and I'm not seeing any signs of anything like that...
What I want to know is, after annualized growth rates of 0.4% and 1.0%, how on earth is the CBO coming up with a projected growth rate of 2.4% for the full year? It would take 4% annualized growth rates in 3Q & 4Q to get there - we're 2 months into 3Q and I'm not seeing any signs of anything like that...
Maybe I misread, or the article's author made a mistake. Maybe they're projecting a 2.4% rate by the end of 2011, not for the full year. Even that seems overly optimistic at this point.
What I want to know is, after annualized growth rates of 0.4% and 1.0%, how on earth is the CBO coming up with a projected growth rate of 2.4% for the full year? It would take 4% annualized growth rates in 3Q & 4Q to get there - we're 2 months into 3Q and I'm not seeing any signs of anything like that...
Let's see. Last fall, voters elected a whole bunch of republican state legislatures, governors and congressmen and the economy fails to take off.
Shocker!
Ha ha - yeah - if obama had just gotten the tax increases he wanted, cap & trade, the dream act and card check I'm sure we'd all be out shopping for yachts by now...
One thing liberal freaks excel at, and that is ensuring the economy does not recover.
FDR extended the depression of 1930s through irrational and irresponsible government spending. Had it not been for WW II, the US would have been in a depression well into the 1960s thanks to liberal freaks.
Carter extended the recession of 1974-1984 through irrational and irresponsible government spending. Had it not been for President Reagan, and a GOP controlled Senate, the recession would have lasted well into the 1990s.
Now we see Obama and the Democrats pulling the exact same stunt again, doing their absolute best to ensure the economy never recovers through irrational and irresponsible government spending.
If the definition of insanity is repeating the same thing over and over again while expecting different results, then liberal freaks are truly insane.
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