ROARING ECONOMY!!
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Fed spending alone is 1/4th to 1/3rd of GDP now.
China by ccomparison has 1/8th to 1/6th of gdp from their national government.
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Or 4/10ths of one percent below the healthy range . . . for the quarter.
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Or growth of $10.9B
vs Healthy growth of $13.6B-$20.5B
You can go back to thanking big brother for lowering the price of chocolate.
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If you are successful and live in a blue state, your individual marginal federal and state income tax is 50% or higher. That means the government is your 50-50 partner in most new ordinary income you generate.
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We can tax and regulate our way to 2%!!!!!!!
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50/50
So, the equivalent of the highest marginal Federal rate by itself after passage of the ERTA of 1981.
terrifying
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for the quarter
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Or we could look at history and conclude if you try to cool inflation you get some economic cooling as well.
I know: you girls want 12% growth and zero inflation. Good luck with that.
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For the quarter- or projected out over the year:
Actual growth of $43.6B
vs Healthy growth of $54.4B-$82B
I didn't bother to compound the number quarterly because you're so far behind in the race you're about to be lapped.
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We girls will take the 4.1% GDP growth in 2019 and the 1.8% inflation rate and the 3.7% mortgage rate. You suck at this.
