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hello everyone Yossi Gestetner here for GestetnerUpdates.Com. This
weekend we learned that the economy, the GDP grew
by eighty-four billion dollars
throughout the first quarter
of the current year 2013.
over the last twelve-months the economy grew by a total of
two hundred and forty three billion dollars.
Now how bad, how big, how small is growing
$243 billion over a twelve-month period?
Well, here is the answer
In 1992 when
the country had seventy million people less;
when the economy in actual size was trillions of dollars smaller than now;
when federal spending levels were lower than they are now;
and the Federal Reserve didn't have trillions of dollars printed
and spread all over the economy
when bill clinton told you "Its' the Economy, Stupid,"
the economy actually rose by a total of $348 billion
Yet here in late 2012/early 2013
when the economy is way bigger than 1992;
when we have seventy million people more in the united states;
when the federal reserve is printing and spreading trillions of dollars;
when federal spending levels are very high;
When interest rates are very low to generate economy; to push the economy; all we got is
$243 billion of growth over the last twelve months.
This of course proves to you two things:
A) the economy in 1992 was blooming and Bill Clinton
inherited a booming economy.
That's number one. Number two economy now is dead