Thread: Economics The Fiscal Cliff Approacheth
View Single Post
Old 07-23-2012, 11:05 AM   #35
FD FD is offline
Veteran
 
FD's Avatar
 

Join Date: Dec 2006
Location: Los Angeles
Casino cash: $10460
Quote:
Originally Posted by Dallas Chief View Post
That's not what direckshame's post said. It didn't say points, it said only percent, which are two totally different things. Correct? Or am I the real mathidiot here... totally possible. An almost 4% percentage point swing in either direction would be drastic for the GDP agreed?

The CBO estimates that the total effect of these provisions is a 3.9 percent reduction in the growth rate of GDP next year — enough to make the year’s total growth rate negative, plunging the country back into recession.
The CBO result refers to percentage points, which is what I was trying to clear up. And yes, its quite drastic.
__________________
Homer: [looking at watch] Two hours? Why'd they build this ghost town so far away?
Lisa: Because they discovered gold over there!
Homer: It's because they're stupid, that's why. That's why everybody does everything.
Posts: 3,628
FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.FD Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote