Um, when the spending records of Presidents are examined, it is as a % of GDP. For example:
Until Barack Obama took office in 2009, the United States had never spent more than 23.5% of GDP, with the exception of the World War II years of 1942-1946. Here’s the Obama spending record:
– 25.2% of GDP in 2009
– 24.1% of GDP in 2010
– 24.1% of GDP in 2011
You quite literally do not know what all of this means.
I suggested you shut up 30 minutes ago, yet you keep doubling down on stupid.
Obama is the biggest spender in world history - fact.
And Keynesian losers like fratfraud and Krugman are whining that it is not enough!
Right!
OMB just decided to create those charts because they are meaningless and I guess they had nothing better to do
Or something.
aren't we talking about economic growth? doesn't fratfraud think economic growth is a good thing?
here's a clue, if spending as a % of GDP is high, that probably means your economy sucks, what you're doing is not working, you failed, the epitome of economic perfection failed
the analogy I'll lose is this, vettard is about to take a vacation because he lost, and losing is not a good thing
once again, some economic and monetary experts are so naive they can't even comprehend the fact that there are scores of economic variables that come into play. Real world experience teaches you that, evidently really smart English Professors don't
yet another classic example of life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>really smart English Professors teaching economics
aren't we talking about economic growth? doesn't fratfraud think economic growth is a good thing?
here's a clue, if spending as a % of GDP is high, that probably means your economy sucks, what you're doing is not working, you failed, the epitome of economic perfection failed
the analogy I'll lose is this, vettard is about to take a vacation because he lost, and losing is not a good thing
once again, some economic and monetary experts are so naive they can't even comprehend the fact that there are scores of economic variables that come into play. Real world experience teaches you that, evidently really smart English Professors don't
yet another classic example of life >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>really smart English Professors teaching economics
In simple numbers for them....Yes, a recession happens, GDP decreases, spending to GDP increases. It's really basic math. I get why you guys care about it because you can use it to push your failed ideology. But it is a really meaningless ratio. Of course spending to GDP is going to increase during bad economic times. That's just basic math.
Earlier today, James Pethokoukis, the nation's premier economic reporter, published "The economic case against Obamanomics in 13 charts." |