Economic smoke, mirrors

Share: Share on Facebook submit to reddit StumbleUpon Toolbar

President Barack Obama would have us believe the increase in the gross domestic product indicator is his miracle and the recession is ending.
The GDP is the sum of consumer consumption, investments and government spending. It doesn't take a fifth-grader to figure out that the $3 trillion Obama and Congress have spent since January is the reason the GDP went up.
On the other hand, what does it all mean?
Wake up, America: Washington is still using the smoke and mirrors, and we have to change the horses.
-- Ray Holm, Thousand Oaks

Leave a comment

Letters To The Editor
Letters to the Editor are published as they come in and are verified by our editorial staff. You may respond here to any and all letters published.