Viper1 on 25 July 2011
Another issue was relying on the GDP figures to calculate growth. GDP includes government spending. So if the government spends more it looks like the economy is growing. Problem is worse given that the government doesn't produce anything. All that capital was being used on a non-producing enterprise so real growth never came with the spending growth.
It only looked like the economy was getting bigger when actually it was getting smaller. And with government and Fed boosted economic bubble markets. The shit and the fan were betrothed.
The rEVOLution is not being televised
