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Actually one analysis was the cash for clunkers put the economy into positive GDP.Right. And how much of that caused the recession to end in June 2009?
Like end the great Bush recession?
Actually one analysis was the cash for clunkers put the economy into positive GDP.
In The Effects of Fiscal Stimulus: Evidence from the 2009 "Cash for Clunkers" Program (NBER Working Paper No. 16351), co-authors Atif Mian and Amir Sufi find that in 957 U.S. cities, the surge in automobile sales was short-lived while the program was in place. About 360,000 automobile purchases were induced in July and August 2009.
The reason it ended in June, is that Detroit takes 6 weeks to build a car and get it to the dealers. So manufacturing started going up in June, in preparation for sales in July and August.Right. And how much of that caused the recession to end in June 2009?
It was the rise in manufacturing, to make all the cars that would be sold in July and August 2008, that pushed the economy into positive GDP growth.Yeah, nothing like wasting a bunch of money after the recession already ended in June 2009.
The reason it ended in June, is that Detroit takes 6 weeks to build a car and get it to the dealers. So manufacturing started going up in June, in preparation for sales in July and August.
It was the rise in manufacturing, to make all the cars that would be sold in July and August 2008, that pushed the economy into positive GDP growth.
Not 390,000 of them. And Detroit had to ramp up it's supply chain a month in advance.Oh....they didn't have already made cars on the lot when Obama signed it on June 24, 2009 and that's why the recession ended in June 2009. Because of car sales in July and August.
You know that the bill was in the works months before that.Oh....they didn't have already made cars on the lot when Obama signed it on June 24, 2009 and that's why the recession ended in June 2009. Because of car sales in July and August.
www.reuters.com
As I already posted 390,000 cars.How many extra cars? Added how much GDP?
If it is all Congress, why does Grifty keep yakking about his economy?Congress has no impact on spending especially since the Budget Impoundment Act of 1974, right?
The chart should be: Spending by Congress since 1974
Yoi've beheld Toddsterpatriot look directly at the numbers and not get it...The New Right has somehow been gaslighted into bleeving that Republicans are fiscally responsible.
I have no idea how getting the rube herd to fall for this delusion was achieved.
I mean, to bleev such nonsense in the face of the numbers is absolutely incredible.
But bleev they do.
As I already posted 390,000 cars.
Yoi've beheld Toddsterpatriot look directly at the numbers and not get it...
And how much GDP is that? The difference between negative and positive?
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Tell me what you noticed about the numbers...And there's horsey with his feelings again.
The Recession Officially Ended in 2009. Here's How It Happened.
In 2009, GDP improved in the third quarter, ending the recession. But the first two quarters were so bad, the year was still down 2.5%.www.thebalancemoney.com
Q1: $14.049 trillion
Q2: $14.034 trillion
Q3: $14.114 trillion
Q4: $14.277 trillion
Looks like starting in July an additional $80 billion.
Tell me what you noticed about the numbers...
