Economy Grows An Anemic 2% Thanks to Government Spending

October 26, 2012
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This is a chart from the Republican-side of the Senate Budget Committee, detailing real GDP growth numbers versus those predicted by the White House

The economy grew at an anemic 2% third quarter. Usually these numbers are revised downward and never upward. It is not enough growth to grow jobs. The bulk of the GDP growth was government spending.

It represents half the growth predicted by President Obama.

The fiscal cliff on January 1st is expected to erase at least 1.5% of economic growth.

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