Tuesday, December 2, 2014

Mitchell finally notices the obvious

Cato’s Daniel J. Mitchell finally takes note of years of flat government spending. Months ago, I suggested this ought to make him “love President Obama” but he is still keeping any love to himself. Instead, Mitchell merely speculates this is all ”very depressing“ for the President.

On the other hand, he damns Obama with faint praise.
And even though we haven’t had impressive growth during the Obama years, there have been modest increases in both nominal GDP as well as inflation-adjusted (real) GDP.
Yes. There has been growth. Whee. Give it another six years and he may even consider the connection between the government’s withdrawal of demand and the piss-poor growth of the economy.

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