Quote:
Originally Posted by dippin
While his projections might be rosy, this is a lie. The Obama budget projects a decline of 1.2 % this year.
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I am not going to expect an apology for being called a lair, nor am I going to even expect a response because I understand the nature of these ad hominem arguments from the left.
Look at his budget, page 132 - Table S-8, here is a link:
http://www.whitehouse.gov/omb/assets...ry_Tables2.pdf
In 2008 they list GDP at 14,281. In 2009 they list GDP at 14,291. That is an increase.
I am not going to call you names or make fun of you, because I know what the problem is. Commonly in the media we are seeing this:
However, there is calendar year and there is the government fiscal year which starts in October.
{added} after looking further I think the difference is in nominal vs. real GDP. The 1.2 is "real", adjusted for inflation. However, the point of my original post stands. GDP is going up according to the WH while they say we are in the worst economic crisis since the depression.