So We Have a 2% GDP Growth Rate Second Quarter and a Likely 3% GDP Growth Rate Third Quarter with a Spending Gap of 10%...

...both state and federal spending and tax policies are about to start putting downward pressure on the economy's growth rate... and Ben Nelson's "moderate" caucus in the Senate and Ben Bernanke's "moderate" caucus in the Fed are blocking any attempt to move government policy even to neutral.





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Published on July 14, 2010 07:40
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J. Bradford DeLong's Blog

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