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Barry Ritholtz

How Washington Is Dragging Down the Economy: Ritholtz Chart

 Imagine how much better the underlying economy might be if the federal outlays were not contracting.

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The past two days have seen two positive surprises in economic data. Yesterday, the gross domestic product came in at 2.8 percent growth, significantly better than consensus expectations of 2 percent. This morning, payrolls jumped by 204,000 workers, against median estimates of 163,000.