Government Impact on the Economy

Just a quick thought.  One of the more interesting aspects of today’s economic data isn’t just how much of it was impacted by the government, which was substantial, but what government programs provided the impact.  The major sources of economic growth were from two areas: the housing tax credit and the cash for clunkers.

Amazing.  Two programs that reduced the after-tax costs of major purchases were the reason the economy grew! The rest of the stuff that the stimulus package was designed to boost … not much .

I wonder if Washington is hearing the message that the economy is telling it.

— uo

Published in: on October 29, 2009 at 3:38 pm  Leave a Comment  

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