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D.C. Is Dragging Down the Economy
Posted By Barry Ritholtz On November 8, 2013 @ 1:00 pm In Data Analysis,Economy,Politics | Comments Disabled
click for larger chart
Source: Econtrarian 
The past two days have seen two positive surprises in economic data. Yesterday, the gross domestic product  came in at 2.8 percent growth, significantly better than consensus expectations of 2 percent. This morning, payrolls jumped  by 204,000 workers, against median estimates of 163,000.
Now imagine how much better the underlying economy might be if the federal outlays were not contracting.
What’s that you say? Isn’t government spending out of control?
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2013/11/d-c-is-dragging-down-the-economy/
URLs in this post:
 Image: http://www.ritholtz.com/blog/wp-content/uploads/2013/11/iVzsyKoqyUtU.png
 Econtrarian: http://the-econtrarian.blogspot.com/2013/11/v-behaviorurldefaultvmlo.html
 gross domestic product: http://www.bloomberg.com/news/2013-11-07/u-s-stock-index-futures-fall-before-gdp-report.html
 payrolls jumped: http://www.bloomberg.com/news/2013-11-08/payrolls-jump-by-204-000-as-u-s-economy-weathered-shutdown.html
 Continued here: http://www.bloomberg.com/news/2013-11-08/how-washington-is-dragging-down-the-economy.html
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