Quote:
Originally Posted by aceventura3
How do you reconcile him showing an increase in "nominal" GDP, negative CPI, and a decrease in "real" GDP? How does he reconcile this? If I am the only one confused, please help me see the light?
Regarding your statement that Obama did not predict economic growth...perhaps he didn't. Perhaps he was not involved in the development of the GDP portion of his budget and the "rosy" projections in the face of "the worst financial crisis since the depression."
---------- Post added at 03:18 PM ---------- Previous post was at 03:17 PM ----------
Is that a truth?
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It is impossible to reconcile positive nominal gdp growth, negative inflation, and negative gdp growth.
However, Obama's budget is not based on current CPI, but the estimated inflation for 2009.
In any case, the fact remains, the Obama budget does not predict any economic growth for this year, rosy as it might be.