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Maybe I've just spent too many years in government contracting, but when I hear that a government program is growing, I hear economic stimulus, not pulling some
by shadowgovt 4y ago
Maybe I've just spent too many years in government contracting, but when I hear that a government program is growing, I hear economic stimulus, not pulling something out of the economy.
- WalterBright 4y agoI wonder why those countries that "stimulate" their economies tend to do poorly.
- shadowgovt 4y agoDo they? China's GDP growth consistently out-paces the US. Canada continues to do well. Germany has consistently positive GDP growth with a few exceptions related to international downturns. And, of course, if you're talking about countries that use economic stimulus, you'll have to include the United States, which has the largest GDP in the world. I think your claim requires a tighter definition of "economy" and "do poorly" to hold merit. Everybody is doing more poorly than growth estimates, but (a) COVID just happened and (b) everyone always does worse than growth estimates; growth estimates are the rewarded metric and therefore incentives are high to over-estimate it in extrapolation as another form of incentive (i.e. aim higher than you want to hit).