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10/15/2010

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Mansoorvnr

394While I can appreciate the ptnios in Profile Pics 99 Contact Us Profile Pics 99, I am tired and sick of hearing about the economic recovery . The US government borrowed and spent $6.1T during the last 4 years to obtain a cumulative $700 billion increase in the country's GDP. This means we've borrowed and spent $8.70 for every $1 of nominal growth in GDP. In constant $, Gross domestic product is flat, we've got no economic growth at all for our $6.1 trillion. In constant dollars, the gross domestic product in 2011 might go back to the 2007 level, if the US economy continues growing at the same rate reached in the first 90 days of 2011. If not, then the GDP will actually be lower than pre-recession levels. There is no economic recovery, the numbers prove it.

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