Friday, October 30, 2009

GDP: Gross Domestic Prop-Up

NyPo has a nice take on the recent uptick in GDP numbers via a quote from Christopher Murphy:
"We're just taking it from one taxpayer's pocket and putting it into the pocket of another one. That's not exactly robust growth," said Christopher Murphy, managing partner of Goliath Partners LP.

"The 3 percent part is all government spending, not business activity," he said

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