White House Protest Corps


GDP: Another fake Increase
May 30, 2008, 2:47 am
Filed under: Uncategorized

Today’s GDP report showed an “increase” in 1st Q growth of +0.9%, upwardly revised from the previous +0.6% from 4/30/08. But this “increase” was due solely to a “decrease” in Imports. Today’s revision came from a $25.4 billion DECLINE in US spending–in this case on imports.Thus, a “decrease” in US spending gave an “increase” in GDP growth.

read more | digg story

Advertisements

Leave a Comment so far
Leave a comment



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 )

Google+ photo

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

Connecting to %s



%d bloggers like this: