16 Feb 2014 12:16 pm
I was going to get to that, but the lolberals' inability to do basic percentage change calculations diverted me. GDP doesn't distinguish between real growth and inflation. An example, under liberal economics if one widget is $1 in 2013 and it's $2 in 2014 then that's growth. Conversely, if a widget is $1 in 2013, but two are produced in 2014 for $.50 each, then you have had no growth. Basically, all of Jimmy Carter's growth was inflation.crimsongulf » 16 Feb 2014 12:00 pm » wrote:
Only under Carter did mortgage rates equal credit card rates.