CHART OF THE DAY: Thank God For Government Spending

{ Posted on Jul 31 2009 by Joe Weisenthal and Kamelia Angelova }
Categories : All, Clusterstock
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Today's better-than-expected -1% GDP was tempered, somewhat, by the staggering 11% spike in Federal Government spending (hello stimulus!). Today's chart looks back at the Y/Y GDP change with the same number sans government spending. As you can see from the divergence, the government boost provides a big help.

clusterchart073109-gdp.gif

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