October 29, 2009 2:25 PM
Econompic points out that auto sales accounts for 1.66% of the 3.50% GDP growth rate reported for third quarter. Thus, without government spending, the economy is still in a pickle. Can we count on the government to keep on spending at this rate forever?
no. We can’t. Because … drum roll please … it can’t.
We just spent 1.4 trillion last year. How much do you think we’ll spend this year. Raise your hand and hold your breath if you think it’ll be materially less.