Wednesday, July 31, 2013

Obozo's "Economic Growth"

One point seven% GDP growth in 2Q13.

Oh--by the way--the 1Q13 "growth" was revised from 1.8% down to 1.1%.  Yah, that's all "sequester" according to the wonzo Left.

Except that the "sequester" is an infinitesimal percentage of GDP.

1 comment:

steveegg said...

If you think 1Q2013 was bad, wait until you get a load of what happened in 4Q2012 (+0.1% annualized real growth) and 1Q2011 (-1.3% annualized real "growth", with that minus sign making it shrinkage).

About the most-comprehensive take I've seen is over at BizzyBlog.