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Saturday, October 31, 2015

And The Biggest "Contributor" To Q3 GDP Was...

If you said "the Supreme Court-approved tax that is Obamacare", then give yourself a pat on the back.

As we broke down earlier, Q1 GDP rose at a disappointing 1.5% CAGR, rising to $16.394 trillion in chained dollars, an increase of $61 billion, and a modest annual increase of just 2% compared to Q3 2014, the lowest Y/Y increase since the 1.7% recorded in Q1 2014.

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2 comments:

  1. Think it's bad now? LOL!
    Wait until the inept and bumbling goof leaves office (hopefully).
    The real pain and associated fees, surcharges, fines, and increases begins. The supporters of this travesty either don't know or, more likely, are afraid and ashamed to tell anyone about it.
    It's like standing on the beach and watching the water start rapidly receding away from the shore. You can't see it yet, but there is bad news coming. Real, real bad news.
    Oh yeah. How's "your guy" doing on that "we're going to get rid of obamacare!!" promise? You went all in and the lobbyists raised you.
    Keep cheering.

    ReplyDelete
    Replies
    1. You are not very smart. It's tax free for me because I'm in college.

      Delete

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