Is the economy really growing?

James,

Your math is completely off base but your conclusions are exactly correct. I give you a C+.

-------------------------

As you requested:

Real GDP increased 1.7 percent in 2011 (that is, from the $14.6 trillion 2010 annual level to the 2011 annual level), compared with an increase of 3.0 percent in 2010.

The increase in real GDP in 2011 primarily reflected positive contributions from personal consumption expenditures (PCE), exports, and nonresidential fixed investment that were partly offset by NEGATIVE contributions from state and local government spending, private inventory investment, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased.

Thus, the situation is actually worse than you stated.

The economy is shrinking by REAL growth rates which as you stated includes the Quantitative Easing, inflation, and REAL income deflation. If you take the money people are actually putting into their bank accounts, the cost of living increases, and borrowed funds being dumped into the economy (in failed projects like "Going Green" to TARP), then yes, the real rate of growth is negative and largely masked by this administration and their puppets in the media. When we hit that wall, it will no be pleasant.

Yes, GDP is increasing, albeit slowly. Real GDP increased 1.7 percent in 2011, compared with an increase of 3.0 percent in 2010--so growth slowed down in 2011. Current-dollar GDP (not taking inflation into account) increased 3.9 percent in 2011 as compared to 4.2 percent in 2010.

In leaps and bounds, according to many of the Obamabots.

If only us silly conservatives would just get out of the way and allow Obama to print/borrow several trillion more to flush down the toilet, we'd be 'so much better off'.

HA!

The numbers say that it is. BUT the numbers also say the population is growing, and the economy is NOT growing fast enough to keep up, an that means that it is shrinking.

It is like having clothes that stretch, but not fast enough to keep up with your rate of weight gain.

I know, bad analogy.

No country has ever balanced its books. Everyone lives on debt. People, business and government.

The trick government has up its sleeve is to find money from nowhere. Print it.

this sounds like you already had the answer to your question! have you looked into the methods Romney intends to employ to close the deficit? so what we have here are 2 politicians who will continue to sell our country down the river just to get elected again.the middle class were the best hope of overthrowing this whole facade and so they simply eliminated the middle class! you think obama is bad? Wait 'till you see what romney has in store for us! just what we need...another millionair looking out for the interest of the working man.hey america....WAKE UP!

No, It has actually contracted. This is why I hate Fuzzy Math, obama and his people are pumping in stimulus cash that makes it look like their is a rebound but once you take out uthe 6 months that will effect we are down by 3% in reality.

Libs would rather not discuss it. We had a good economy right up until 2006 when they got control of congress, and it's gone down hill ever since.

You're forgetting that the bulk of that "spending" is borrowing from domestic sources. So its not actually "injecting money" its simply making better use of the money out there.