http://www.3six0.com/blog/2009/03/09/448/ A Public Sketchbook Wed, 08 Feb 2012 00:44:49 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.3six0.com/blog/2009/03/09/448/comment-page-1/#comment-2793 Kesha Extine Sun, 26 Jun 2011 07:51:15 +0000 http://3six0architecture.wordpress.com/2009/03/09/448/#comment-2793 While I can appreciate the points in Shanghai | 3SIXØ Architecture BLOG, I am sick and tired of hearing rubbish about the "US economic recovery". The Federal government borrowed and spent $6.1T in the last four years to obtain a cumulative $700B increase in the country's Gross domestic product. That means we've borrowed and spent $8.70 for every $1 of nominal "economic growth" in Gross domestic product. In constant dollars, GDP is flat, we have no "growth" at all for the $6.1 trillion. In constant US dollars, the gross domestic product in 2011 might return to the 2007 level, if the economy continues "growing" at the same rate reached in the first 90 days of 2011. If not, then the GDP will in reality be lower than pre-recession levels. There is no economic recovery, the numbers prove it. While I can appreciate the points in Shanghai | 3SIXØ Architecture BLOG, I am sick and tired of hearing rubbish about the “US economic recovery”. The Federal government borrowed and spent $6.1T in the last four years to obtain a cumulative $700B increase in the country’s Gross domestic product. That means we’ve borrowed and spent $8.70 for every $1 of nominal “economic growth” in Gross domestic product. In constant dollars, GDP is flat, we have no “growth” at all for the $6.1 trillion. In constant US dollars, the gross domestic product in 2011 might return to the 2007 level, if the economy continues “growing” at the same rate reached in the first 90 days of 2011. If not, then the GDP will in reality be lower than pre-recession levels. There is no economic recovery, the numbers prove it.

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