Government Contributions To GDP Since 1965
Advertisement
People generally assume that when a democrat occupies the Oval Office, government gets bigger and government spending becomes key to GDP growth.
Advertisement
However, that has just not been the case with President Obama.
Here's an interesting chart from Chicago Fed President Charles Evans.
It shows how the government contributed to GDP growth in every quarter since 1965. Notice the far right.
Advertisement
Advertisement
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study