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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.


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.