FARK.com: (7136435) Economic growth slowed to barely 1.9% in the first quarter as government spending on all levels dropped by 4%. It's almost as if the two have an inverse relationship or something

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		Economic growth slowed to barely 1.9% in the first quarter as government spending on all levels dropped by 4%. It's almost as if the two have an inverse relationship or something (economywatch.msnbc.msn.com)		17
		More: Obvious, economic growths, residential construction, Honeywell, gross domestic products, government spending, United States Department of Commerce

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1903 clicks; posted to Main » on 31 May 2012 at 10:21 AM | Favorite | share:

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oldfarthenry		2012-05-31 10:29:13 AM

3 votes:

Yesterday: `Household debt is at an all-time high. Stop spending!'

Today: `Economic growth has slowed! Spend, dammit! CONSUME!!!'

Zagloba		2012-05-31 10:23:27 AM

3 votes:

Wrong. I've been assured by top men... TOP MEN... that government spending crowds out private investment. Always. There is no "all else being equal" here.

Zagloba		2012-05-31 10:58:35 AM

2 votes:

Carn: Failure to execute both halves of the equation doesn't make him wrong.

So what you're saying is, like communism, the only reason Keynesian economics has failed every time it's been tried is that we haven't been true enough to its original intent?

/Just joshing you

Zagloba		2012-05-31 10:49:59 AM

2 votes:

JonnyBGoode: Do you know what your sin is?

I'm a fan of all seven.

21-37-42		2012-05-31 10:36:34 AM

2 votes:

Don't you people understand economics at all?

We need to keep the gays from marrying and ban all abortions.

Only after we have implemented these social reforms (oh, and and un-elected the black dude), will the economy will recover.

Wendy's Chili		2012-05-31 10:30:01 AM

2 votes:

dem teechers had it comin

Im donatin my disabilty chek to carl rov.

CPennypacker		2012-05-31 10:23:08 AM

2 votes:

So tax cuts for the rich then?

CPennypacker		2012-05-31 11:26:49 AM

1 votes:

MFL: Esc7
His ideas are interesting, deal with the debt when the economy booms, during the bust only care about fixing the economy.

Yes.
Step 1. Borrow as much as you can
Step 2. Spend it unwisely
Step 3. Borrow as much as you can
Step 4. Continue to throw good money after bad.
Step 5. Blame somebody else when nothing works out.

Step 6. Start illegal war of aggression

Wait who's steps are we listing?

MFL		2012-05-31 11:25:07 AM

1 votes:

Esc7
His ideas are interesting, deal with the debt when the economy booms, during the bust only care about fixing the economy.

Yes.
Step 1. Borrow as much as you can
Step 2. Spend it unwisely
Step 3. Borrow as much as you can
Step 4. Continue to throw good money after bad.
Step 5. Blame somebody else when nothing works out.

CPennypacker		2012-05-31 10:57:30 AM

1 votes:

MilesTeg: Well if there is a direct relationship between government spending and economic growth, shouldn't the government just take ALL of our money, every dime, and redistribute it as they see fit? Then the economy would then be in perfect shape... with unicorns in every backyard and a rainbow over every home..right?

Good call, Karl! Let's forget history and see how that works out...

/correlation does not imply causation

mycoignofvantage.files.wordpress.com

T-Servo		2012-05-31 10:50:48 AM

1 votes:

hugram: 1.9% growth is better than 8% negative growth we saw under Bush's last quarter.

I hate to remind you, but that was caused by markets anticipating the disastrous impacts of electing Generalissimo Babyback Fartbongo.

If the electorate had been smart enough to elect Sarah Palin, gas would be $0.06 a gallon and the stock market would be at 20,000.

Angry Drunk Bureaucrat		2012-05-31 10:44:23 AM

1 votes:

Why do I feel like there was a fire sale on Fark politics tab troll alts this week?

Epoch_Zero		2012-05-31 10:40:59 AM

1 votes:

The_Sheriff_Is_A_Niiii: Epoch_Zero: The_Sheriff_Is_A_Niiii: But yeah, lets just keep shoveling money onto a bonfire and hope things get better.

I agree - let's increase the tax rate of those who make more than $1,000,000 per year to 45%.

Instead of going towards nothing but offshore bank accounts it goes to actually doing something.

That would be shoveling more money on the bonfire. I think there would be far less opposition to higher taxes if our government wasn't so bloated, corrupt and so blatantly wasteful of the resources it already has.

And the poor are poor because they choose to be, amiright?

Epoch_Zero		2012-05-31 10:29:07 AM

1 votes:

I make sub-$30k per year and have my checkbook at the ready - where is that list of job creators at so I may start filling out checks?

I'm not poor enough yet and that's why the economy is bad! I need to give more money to rich people!!

Airportmatt		2012-05-31 10:26:34 AM

1 votes:

Sock Ruh Tease: That's actually a direct relationship, subby. If it was inverse, economic growth rate would rise as government spending falls (or vice versa).

Whoa! Subby got MATHOWNED!

Tax Boy		2012-05-31 10:25:56 AM

1 votes:

scrumpox: Inverse?

spud.wetfish.net

Grand_Moff_Joseph		2012-05-31 09:59:31 AM

1 votes:

On such subject matter, consulting respected (and in some cases award winning) economists would be a good thing. Instead, we call them ivory tower hacks and instead tune in to watch Jim Cramer push red buttons and throw rubber cows around while giving his 'insights'.

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