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White House Attack On Fox News
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<blockquote data-quote="1989" data-source="post: 627483" data-attributes="member: 10280"><p>Is the growth sustainable?</p><p>A rebound in auto sales, which were helped by the government's Cash for Clunkers program, also provided a boost to GDP. The economic stimulus package, with public works projects and aid to state and federal governments, boosted growth as well.</p><p>Christina Romer, chair of the White House's Council of Economic Advisors, said in a statement that stimulus added between <strong>3 and 4 percentage points</strong> to growth this quarter, suggesting that the economy would have shown little or no growth without the bump from government spending.</p><p>Romer also noted that the swing from a 6.4% rate of decline in GDP during the first quarter to the third quarter's 3.5% rise is the biggest six-month turnaround in the economy since 1980.</p><p></p><p><span style="color: RoyalBlue">Look behind the numbers. 1st, you don't think the govt. cooks the books? We will see what it gets revised to. 2nd, government intervention doesn't make real sustainable growth or a free market. Just how can the government ever make an exit strategy? </span></p><p></p><p><span style="color: RoyalBlue">It is bad enough that the Fed has been manipulating markets so long... Now we continue the Fed manipulation plus further political manipulation. By the way the Fed is run by a conservative. </span></p></blockquote><p></p>
[QUOTE="1989, post: 627483, member: 10280"] Is the growth sustainable? A rebound in auto sales, which were helped by the government's Cash for Clunkers program, also provided a boost to GDP. The economic stimulus package, with public works projects and aid to state and federal governments, boosted growth as well. Christina Romer, chair of the White House's Council of Economic Advisors, said in a statement that stimulus added between [B]3 and 4 percentage points[/B] to growth this quarter, suggesting that the economy would have shown little or no growth without the bump from government spending. Romer also noted that the swing from a 6.4% rate of decline in GDP during the first quarter to the third quarter's 3.5% rise is the biggest six-month turnaround in the economy since 1980. [COLOR=RoyalBlue]Look behind the numbers. 1st, you don't think the govt. cooks the books? We will see what it gets revised to. 2nd, government intervention doesn't make real sustainable growth or a free market. Just how can the government ever make an exit strategy? [/COLOR] [COLOR=RoyalBlue]It is bad enough that the Fed has been manipulating markets so long... Now we continue the Fed manipulation plus further political manipulation. By the way the Fed is run by a conservative. [/COLOR] [/QUOTE]
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