jump to navigation

Real Real GDP November 2, 2022

Posted by geoff in News.

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.



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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: