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Real Real GDP November 2, 2022

Posted by geoff in News.
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Ya ever wonder what the GDP would look like if it wasn’t propped up by deficit spending? I sure did, until I whipped up this chart.

Wonder no more:

Note that while the administration was very pleased with the latest BEA report saying the annualized GDP was increasing at 2.6% (no recession!), if you take out the huge amount of deficit spending in that quarter ($860 billion), the GDP actually declines.

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Comments»

1. Bunk Strutts - November 6, 2022

Also heard them crowing about the October job numbers being up, just like they have every October for the past ten years.
Part-time holiday employment.


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