Tuesday Speech

With all that mounts on the economy at this point and all the new items that are being proposed.

President Obama has been talking about the economy. Recently he was at the Brookings institute pontificating about the economy.

Obama says:

[quote]Partly as a result of these and other steps, we’re in a very different place today than we were a year ago. We can safely say that we are no longer facing the potential collapse of our financial system and we’ve avoided the depression many feared. Our economy is growing for the first time in a year – and the swing from contraction to expansion since the beginning of the year is the largest in nearly three decades. Finally, we are no longer seeing the severe deterioration in the job market we once were; in fact we learned on Friday that the unemployment rate fell slightly last month. This is welcome news, and news made possible in part by the up to 1.6 million jobs that the Recovery Act has already created and saved according to the Congressional Budget Office.[/quote]

Here is the problem that we are seeing. The economy is only growing with the GDP and is the government. People are not sending. Becasue people are not spending, industry is not investing. Orginally the GNP would track economic growth. The GNP did not include government.

I would love to see the GNP numbers. Have a most happy day.