Comments on: So-so growth for 2010? http://blogs.reuters.com/james-pethokoukis/2010/01/29/so-so-growth-for-2010/ Politics and policy from inside Washington Sun, 07 Apr 2013 21:23:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 By: proreason http://blogs.reuters.com/james-pethokoukis/2010/01/29/so-so-growth-for-2010/comment-page-1/#comment-6654 proreason Fri, 29 Jan 2010 20:32:59 +0000 http://blogs.reuters.com/james-pethokoukis/?p=3312#comment-6654 1. the economy turns around when enough businesses reduce enough costs to become profitable again 2. the GDP includes government spending, and Obama bucks have flooded the economy. So no surprise GDP went up. But what will happen when the Obama bucks have to be paid back? 3. the underlying problems of a horrible economy are still there: huge debt, looming taxes, looming inflation, government interventions for the sole purpose of expanding government, a new bubble in the stock market, huge uncertainties resulting from an economically illiterate administration. They can force the GDP up by spending borrowed money, but the economy won't get better until the criminals in Washington are washed away. 1. the economy turns around when enough businesses reduce enough costs to become profitable again
2. the GDP includes government spending, and Obama bucks have flooded the economy. So no surprise GDP went up. But what will happen when the Obama bucks have to be paid back?
3. the underlying problems of a horrible economy are still there: huge debt, looming taxes, looming inflation, government interventions for the sole purpose of expanding government, a new bubble in the stock market, huge uncertainties resulting from an economically illiterate administration.

They can force the GDP up by spending borrowed money, but the economy won’t get better until the criminals in Washington are washed away.

]]>