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Government and GDP
13 hours ago ago from Think Tank West
By Chris Edwards The expansion in government and poor state of the economy got me thinking about how government growth is reflected in measured gross domestic product. So here is a wonky look at the treatment of government in the Bureau of Economic Analysis GDP data. Data notes: By I mean total federal, state, and local. For 2009, I m using the average of second and third quarter data. All data from BEA Tables here . GDP ...
Related contentBudget 2010: Multipliers not banished from Ireland
22 hours ago ago from progressive-economy@tasc
Michael Burke: The Budget contained no estimate as to the real cost, in terms of human misery, of the effects of the crisis to date and the government's own role in exacerbating both. That is a scandal, but perhaps an expected one. From the opposition parties, the case was made that, in addition to being an attack on the poor and low-paid, women and youth would bear the brunt of the cuts. The case was also well made by Sinn Fein that there is ...
Related contentDarling's con trick fools no one
1 day ago ago from A World to Win
Chancellor Darling’s pre-budget report (PBR) is a confidence trick aimed at disguising the massive cuts in spending that either New Labour or the Tories (or a national government?) will impose when next year’s general election is over. Stretched by the deepening global crisis pulling him one way and an election pulling the other, Darling postponed publicly announcing the detail of inevitable slashing cuts in public spending needed to ...
Related contentLabour ducks the issues The Economic Voice
21 hours ago ago from The Economic Voice
Like something out of an old silent black and white slap-stick movie, Alistair Darling yesterday ducked and the next Chancellor in line will wear the economic punch squarely on the nose. All in the name of what Gordon Brown would call ‘fiscal timing’, that is we can only impose the pain when the recovery is under way. Not only that there were short term sweeteners in some benefits that will be retracted after the next election. Just ...
Related contentPolitics Summary: Thursday, December 10th | Left Foot Forward
1 day ago ago from Left Foot Forward
Home / About / Contact / Thanks Published by Will Straw , December 10th 2009 at 9:01 am Politics Summary: Thursday, December 10th The papers are fairly damning of Alistair Darling's pre-Budget report, which Left Foot Forward gave a 6.6/10 rating against our five red lines. The FT claims the route to austerity still shrouded in fog and says the theme was dissatisfaction delayed while for the Independent there is a glaring hole ...
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