Saturday, April 28, 2012

Why is the US beating Europe in GDP?

Far Left Side explains:

And now our Chart of the Day: Real GDP 2003-2012. (The reason the U.S. is doing better than Europe is because we invested in stimulus, while they went austerity. Now thank your president.)

The US used classic Keynesian economic techniques: middle class tax cuts, tax incentives for housing, modest increases to Food stamps (SNAP) and uenmployment insurance  and increased government spending (the stimulus). 

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