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Reply to "What's wrong with the economy in an excellent slide show"
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[quote=Anonymous]I have a few questions. First a simple question about a chart I don't understand: The chart that tracks change in GDP minus change in debt shoots up from minus 4 trillion just before the recession (2008, I suppose) to a little over a trillion a short time after the recession (2011?). Can someone explain how the massive increase in debt caused by the stimulus, which I assume is part of the figure subtracted, did not make that line shoot down rather than up. I obviously have things backwards, but I'm at a loss why -- must still be sleepy. More general substantive question: There are several points where the case is made (which I totally agree with) that a large driving factor in the recession is the fact that the middle class is not spending because their income is down. Then suddenly, near the end, it is argued that people should be spending LESS and saving more. Isn't that a contradiction? BTW, as far as the "Liberal propaganda" comment, I took the closing exhortation, to go out and elect someone who can fix it, as a pro-Romney message. How did it look to the rest of you?[/quote]
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