Showing posts with label GDP 2012. Show all posts
Showing posts with label GDP 2012. Show all posts
Monday, December 31, 2012

Senate Cliff Deal Settles For TEN TIMES LESS Revenue Than Cliff-Diving

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As reported here : "Before [Obama] spoke, details of the emerging deal emerged. It would raise $600 billion in revenue over the next ...
Saturday, December 29, 2012

Perhaps The Most Important Argument Against Consumption Taxes

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Perhaps the most important argument against consumption taxes is Murray Rothbard's critique of them here , noting their time-preference ...
Sunday, December 23, 2012

Interest Payments On The Debt Are Not Counted As GDP

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So says this guy, here , discussing government spending for GDP purposes: d. Interest paid on government bonds is NOT counted as part of GDP...

Interest Payments On The Debt Continue To Consume GDP Gains

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Interest payments on the debt are reported here . For the 7 fiscal years from 2006 to 2012, interest payments have totaled $2.898 trillion. ...
Thursday, December 20, 2012

Q3 2012 GDP Revised Up To 3.1% From 2.7% In Third Estimate

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Full pdf report from the BEA here . master of scratch Since Obama was elected in 2008, the average report of GDP has been . . . 0.93%, still...
Wednesday, December 19, 2012

Rush Limbaugh Repeats The Rich Man's Lies: Middle Class Has "Bulk Of The Money"

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Here : Where this is all going to end up, I'm pretty sure -- we'll see if I'm right; won't be too long, maximum next year so...
Monday, December 17, 2012

Real GDP Per Capita 1980-2000 v. 2000-2012

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Up 55% over the earlier twenty year period v. only 6.7% up over the most recent 11 year period.
Sunday, December 16, 2012

Expensive Oil Since 911 Has Coincided With Slow GDP Growth

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Reagan-Bush-Clinton era low energy costs coincided with economic "good times" when real GDP increased 83% over twenty years. By co...
Wednesday, December 5, 2012

Flashback July 2011: Obama Didn't Need Tax Rates To Rise Then

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Oh, but now he does. As he was a liar then, so is he now, and ever shall be. Amen. Video here .
Sunday, December 2, 2012

US vs. EuroArea17 GDP Growth Rates Since 2007

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Latest EA17 (and EU27) performance discussed  here .

After 4.7 Years, UK GDP Remains In Depression

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The top chart, discussed  here , shows the failure to recover to zero after 56 months compared to the same point in previous recessions. The...
Thursday, November 29, 2012

Q3 2012 GDP Revised Up To 2.7% From 2.0% In Second Estimate

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The full Bureau of Economic Analysis pdf may be found here . Only two quarters have come in higher under Obama, the fourth quarters of 2009 ...
Monday, November 26, 2012

Truman Cut Spending Big Time In 1945. The Economy Boomed.

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Speaker John Boehner, wake up. Arnold Kling, here : When World War II ended in 1945, President Harry Truman faced a problem. Public opinion ...
Saturday, November 3, 2012

Look For A Negative GDP In Q4 Due To Sandy, Says Rosie

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Here .
Friday, October 26, 2012

Obama Racks Up Worst GDP Record In Post-War Period

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President Obama has the dubious distinction for the very worst GDP record, measured November on November, of any president in the post-war p...

First Estimate Of Q3 2012 GDP Comes In At 2%

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The first estimate of Q3 2012 GDP growth comes in at 2.0%, with growth in Q2 remaining at 1.3%. The growth rate in Q3 is now back to the rat...
Sunday, October 21, 2012

Transformation After Four Years: Lost AAA Credit Rating, 8.97% Average Unemployment, Average Report of GDP 0.825%, Housing Values Down 13%

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"After decades of broken politics in Washington, and eight years of failed policies from George W. Bush, and 21 months of a campaign th...
Tuesday, October 16, 2012

The Depression In Real GDP Per Capita: Still At 2004-2005 Level

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Chart and data here . Last update was a year ago. Peak observation was 1/1/07, from which we are roughly 3.5% down after having been down as...
Monday, October 8, 2012

Not Even Fox News Catches Romney's Debate Gaffe

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The answer to EVERYTHING is 42. How many days has it been since the debate? Five? And still no one has caught Romney's gaffe equat...
Thursday, October 4, 2012

Sorry Gov. Romney, We're Not Spain

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Romney , last night, in another odd coincidence with The Hitchhiker's Guide to the Galaxy : "Spain -- Spain spends 42 percent of th...