It's one thing for Obozo to yammer about The Evil Sequester. We expect completely un-informed drivel from him.
It's another thing entirely for supposedly well-informed economic commentators to barf up this stuff.
...but I think this slowdown is mostly related to fiscal tightening (mostly the payroll tax hike and the sequestration budget cuts)....
The GDP of the US in 2012 was fifteen-point-eight TRILLION dollars.
The sequester: $44 billion.
Really? The Evil Sequester killed the economy?
What's the adage? "Education does not equal intelligence". That about sums it up. Of course, the Dear Leader sycophants will just mouth the platitude created by his administration and the rest of the dems.
ReplyDeleteAnd your economics doctorate is from where?
ReplyDeleteDon't need a Ph.D./Econ to add 2+2, nor to determine that $44 is irrelevant in a $150 million soup.
ReplyDeleteYMMV, of course.