So, I have been hearing all this talk about Obama raising the GDP a lot since he took office. All the liberals at my school are raving about it and I don't know what to say back. How is the GDP rising under Obama, any explanations? I figured maybe since it is measured in US Dollars, it might be because of inflation, but I think the figure is too much of an increase to be based solely on inflation. If anyone could tell me why the GDP is rising I would really appreciate it.
Yes, a single MAN can SINGLE-HANDEDLY increase the GDP of an entire country with a very complex economy and division of labor.
This is a completely rational statement.
(Christ, sometimes human stupidity really floors me--the only thing worse is that I know I did the same thing back when I was a Republican partisan, only in praise of BUSH)
Edit: Good God, typos. Teach me to post at 5:00 in the morning.
Gipper: GDP is a fradulent figure. The government doesnt produce anything, yet it is counted as output? Please.
GDP is a fradulent figure. The government doesnt produce anything, yet it is counted as output? Please.
The state is not the enemy. The idea of the state is.