tag:blogger.com,1999:blog-3426800777521979578.post2672944335173740195..comments2024-02-20T19:58:27.733-06:00Comments on Jake's Wisconsin Funhouse: GDP report- Is Obama Recovery running out of steam?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3426800777521979578.post-45376519566204645772016-08-02T21:02:12.652-05:002016-08-02T21:02:12.652-05:00I can't think Brexit, Drumpf, and the oil cras...I can't think Brexit, Drumpf, and the oil crash are helping confidence much, but I'd argue that fundamentals of demand are still OK, so it won't collapse things...yet.<br /><br /> Your second point is completely correct- Government is the stabilizer in both situations (backing off in good times to reduce deficit, stepping in when things go bad).<br /><br /> That's why that Govt GDP stat is interesting to me- we cut back just as the recovery was starting up, mostly due to new GOP govs like Walker and the Baggers taking over after 2010. I'd argue some of that was by design, trying to slow down the economic recovery before the 2012 elections to try to get Obama defeated.<br /><br /> You'll note that this figure has picked up in the last year...except for places like Wisconsin, who keeps cutting for some reason. Of course, Drumpf just promised today that he'd add another $500 billion in infrastructure, so maybe help is on the way (with no way to pay for it, of course) :P.<br /><br /> Good comment.Jake formerly of the LPhttps://www.blogger.com/profile/15660401299391001751noreply@blogger.comtag:blogger.com,1999:blog-3426800777521979578.post-80871849638247716342016-08-02T18:13:30.972-05:002016-08-02T18:13:30.972-05:00Two thoughts from a layman who tries but generally...Two thoughts from a layman who tries but generally fails to keep up. Much of the rest of the world doesn't seem to be doing so great either what with oil in the tank and maybe some lingering anxiety of Brexit and violence being the Middle East's second biggest export.<br /><br />I also can't imagine the ongoing presidential election is giving anybody goosebumps. Between the Democrats pointing at Wall Street and corporate/private big money and the burgeoning cluster of Donald Trump, I can't imagine anybody's going out on a limb.<br /><br />As far as spending goes, we seem to do the exact opposite of what we should: when times are good, save your money. When the trends turn south, spend, spend, spend.<br /><br />Am I completely off the map on that?WisconsinSunshinehttps://www.blogger.com/profile/16304210216850999535noreply@blogger.com