Quote:
Originally Posted by dippin
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.
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Help.
How do you know that his budget does not predict economic growth when we (perhaps me) can not explain or understand the assumptions in his budget?
Here is what we do know: His budget predicts an increase in GDP in 2009.
Let's stop tap dancing around the main point. Obama says what he feels he needs to say when he needs to say it without regard for truth. Obama sells "snake oil", I personally don't like this and I don't buy into his b.s.