UPDATE: Obama continued to push claims that we need even more government spending at his press conference on June 8th:
OECD data available here. The relationship is still statistically significant even when Ireland and Iceland are removed.
. . . a strategy of "let’s cut more" -- so that you’re seeing government layoffs, reductions in government spending, . . . then you can get on a downward spiral . . .
OECD data available here. The relationship is still statistically significant even when Ireland and Iceland are removed.
Government Spending and GDP Growth
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Oleh
abudzar
