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05-06-2011, 12:36 AM #1
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"The U.S. economy we've been living in was an illusion.
Wednesday, May 4, 2011
Fiscal Spending—The Steroids of GDP
Last week, first quarter GDP numbers came out—they weren’t pretty: GDP grew at a pace of 1.8% per year, during January through March. These figures are supposed to be adjusted for inflation. But if you think as I do that the Bureau of Labor Statistics is off in its inflation estimates, then at this pace, the American economy is probably contracting.
Body-builder, after a round of Keynesian steroids— I mean, “stimulusâ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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