I need to know more about this 7.2% GDP increase... [View All]

[rasputin1952]

It is easy to say, "Hey there was a 7.2% GDP increase this quarter"; it is something entirely different to see just where this increase comes from.

I, for one, hold reservations that the tax cuts had much to do with this, and think that the wars in Afghanistan and Iraq have more to do with this than a massive increase in consumer spending. I think I will hold my cards close to my chest during this GOP lovefest, at least until i get particulars as to just HOW this increase happened.
After all,even after people held back spending cash for the past 3 years, eventually people had to spend to keep the basic workings of their homes going.

One other thing, after a fall of some 18% over 3 years, a burp like this still doesn't make it a glorious victory. There is still a net loss of jobs as well...could this be because there are fewer workers, therefore more profits?

Just asking, cause I don't have all the answers.

:shrug: