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View Diary: Fox expert pundit panel gets everything wrong on the economy (68 comments)

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  •  Contrast CNBC's report on the GDP ... (0+ / 0-)

    I finally found this reference to the GDP discussion on CNBC, as I was watching Squawk Box when they did their report on the negative dip in GDP this morning:

    Excerpt from transcript:

    "the 0.1% negative gdp number i think was the point bernanke's been making. he cannot offset government spending. that's not something the fed, i don't think, can do. partially because it's a mathematical thing. if you lower government spending it shows up in the gdp accounts."

    http://video.cnbc.com/...

    *Austerity is the opposite of Prosperity*

    by josmndsn on Thu Jan 31, 2013 at 10:16:17 AM PST

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