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Wednesday, January 13, 2010

The Economy from 1946-Present

-Study of the Economy from 1946-Present
From our friend Z.....
The above link goes to a study of the economy from 1946 to present by two highly respected economists. In short, it concludes that when our debt is at 90% of our Gross Domestic Product, the GDP experiences negative growth. This year, 2010, our debt is projected to be 97% of the GDP. The White House has no basis to claim they have created any jobs nor that the recession has bottomed out. Of course, we knew that without an economic analysis.

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