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Fed: Gov’t Shutdown Did Not Hurt US Economy

From an unfazed Associated Press:

Fed: US growth stays moderate during shutdown

Fed survey: Economic growth held steady in October and November despite government shutdown

By Martin Crutsinger | December 4, 2013

WASHINGTON (AP) — A Federal Reserve survey released Wednesday found that the U.S. economy held steady during the 16-day partial government shutdown, growing moderately in most regions from October through late November.

The Fed said seven of its 12 banking districts described growth as moderate. Four — Philadelphia, Chicago, Kansas City and San Francisco — said growth was modest. Boston said its regional economy continued to expand.

Manufacturing strengthened in most districts, helped by more production of cars, trucks and high-tech products. Consumers boosted spending in most regions, and retailers were hopeful yet cautious about the holiday shopping season. Hiring improved in five of the districts; the other seven reported little change.

What’s this?! The economy grew during the shutdown? How is that possible? We have been told by everyone from Nancy Pelosi to the network news readers that the shutdown cost the economy at least $24 billion dollars and .6% of the the GDP.

In fact, if you do a Google search for "shutdown AND $24 billion" you will get over 647,000 hits. All of them Democrat or Democrat news media lies.

But, that’s okay, we’ll see all these very same lies trotted out again when we have the next shutdown. The Democrats and their news media minions believe the American public has the memory capacity of gnats. And maybe they are right.

This article was posted by Steve on Thursday, December 5th, 2013. Comments are currently closed.

One Response to “Fed: Gov’t Shutdown Did Not Hurt US Economy”

  1. GetBackJack says:

    Then I vote for no Federal Government all the time. Let’s try that for a while .. see what happens ..

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