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You have to also factor in that the G component of GDP (C+I+X+G) has increased dramatically under president Obama [1]. The government can temporarily pull the
by aliston 12y ago
You have to also factor in that the G component of GDP (C+I+X+G) has increased dramatically under president Obama [1]. The government can temporarily pull the economy out of a recession by paying people to dig holes and fill them up again. A bigger question is whether all of the government spending has created sustainable economic growth.
[1] http://research.stlouisfed.org/fred2/series/FGEXPND http://research.stlouisfed.org/fred2/series/FGEXPND
- matthewdgreen 12y agoDoes that include overall government spending, or only Federal spending?