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Friday, October 26, 2012

Economic Education

Well ... They managed to do it again ... They eeked out some "impressive" numbers before the election

GDP
UP
2.0%
(July - sept)

Nice BUT it was how they got there that's the issue ...

They simply INCREASED GOVERNMENT SPENDING!!

It makes it look good but it also means that once that spending is done the norm will go back ...

It's kind of like ... Well there isn't really a good analysis ... I guess it's kind of like putting more of your everyday trips on your credit card

It will make your credit look better even though your income is about the same ... Or more likely - worse

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