Showing posts with label Real GDP. Show all posts
Showing posts with label Real GDP. Show all posts
Thursday, March 13, 2014
Not So Much With The Spending
Real government consumption expenditures and gross investment as a share of real GDP since 1950.
Monday, September 24, 2012
Real GDP, the Past Eight Years, and the Years To Come
Real GDP for the past 8 years:
Whatever else one may or may not read into this chart, it sure doesn't help the case for those who would say we should change ships back to the party of Bush II.
Of course, if one adds in potential GDP, essentially where the GDP ought to be right now if we were going to be back to "normal", we're clearly not done. It's roughly like we're going 45 in a 55 MPH zone. There's some serious work to be done to get the economy up to speed. So why has the debate been about how much to raise our foot off the pedal instead of how much further to press down?
Whatever else one may or may not read into this chart, it sure doesn't help the case for those who would say we should change ships back to the party of Bush II.
Of course, if one adds in potential GDP, essentially where the GDP ought to be right now if we were going to be back to "normal", we're clearly not done. It's roughly like we're going 45 in a 55 MPH zone. There's some serious work to be done to get the economy up to speed. So why has the debate been about how much to raise our foot off the pedal instead of how much further to press down?
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