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Why defense spending plunged 22% last quarter — and killed GDP

Why defense spending plunged 22% last quarter — and killed GDP | AP_GOPO | Scoop.it
Had the Pentagon not cut back on spending, the economy would have grown at a weak but positive 1.27 percent pace.
Yessenia Leal's insight:

Givernment military spending greatly affected the GDP last year. The Pentagon spent less money on military spending. That means less spending with Irag and Afghanistan. If the Pentagon had spent this amount of money then the amount would of grown

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Patrick Wan's curator insight, February 6, 2013 12:59 PM

The article makes a point that economic growth is stunted by government cut backs on spending; such that had the government continued to spend at the same amount then it would actually recieve positive GDP output rather than the 22% plunge that it is experiencing at the moment.

Matt Kellogg's curator insight, February 6, 2013 10:01 PM

shows how much the defense spending cuts hurt the GDP, why it looks bad

Emily Koehn's curator insight, February 6, 2013 11:58 PM

This article explains the effects that defense spending has on the national GDP. The cut in expenditures is a directly relaed to military activity, which provides evidence that the GDP is greatly affected by military endeavors. 

 

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TV Ad Spending on Presidential Race Surpasses Two-Thirds of a Billion

TV Ad Spending on Presidential Race Surpasses Two-Thirds of a Billion | AP_GOPO | Scoop.it

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Spending on television advertising in the race for the White House has topped two-thirds of a billion dollars, according to sources watching the advertising market, with Republicans only narrowly outpacing those who back President Obama.

Yessenia Leal 6: Obama spent 325 million dollars on his campaign, which is slightly smaller than Mitt Romney's spending of 352 million. With all these amounts of money going into tv ads (plus Super PACs) swing states are being drowned with everybody trying to convince them on who they should vote for. There should just be non-biased ads that promote candidate's policy and nonpartisan attacks on both candidates. There must be a limit on how much money a candidate is spending.

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2012 Election Polls - Presidential Race

2012 Election Polls - Presidential Race | AP_GOPO | Scoop.it

In this poll the favorability rating of both Romney and Obama is displayed. On August, 27 the day of the Republican Convention Romney's favorability rating was a modest 45.7% compared to Obama's 46.8% favorablity rating. Romney's favorablity rating slowly crawled up to 46.1% post convention (Sept. 1) while Obama's rating declined to 46.4%. The reason behind such a small "bump" could be explained by the lack of clear cut discussion of policies in Romney's speech or the fact that the Romney was overshadowed by Clint Eastwood's bizzare stand up routine. Romney's speech focused more on emotion and public perception than actual political ideals. This could have alienated some potential supporters although in the end was enough to secure some type of increase in favorablity. The end result however is Obama 1/10th a percent ahead of Romney. The race is still close and any candidate could easily pull ahead.

 

Yessenia Leal: Obama is in the lead even after the acceptance speech of Mitt Romney, but it seems to be a close tie between the two candidates. Although it was only an acceptance speech, Romney should of made good use of this opportunity to speak more about how he was going to make "America work again".


Via Zach Haegner
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U.S. Growth Halted as Federal Spending Fell in 4th Quarter

U.S. Growth Halted as Federal Spending Fell in 4th Quarter | AP_GOPO | Scoop.it
The government played a role in slowing the economic recovery as cuts in military spending and other factors overwhelmed the Federal Reserve’s expanded campaign to spur growth.
Yessenia Leal's insight:

Yessenia Leal 1st period

The united state's GDP decreased by .1%. Although this is a small decline, the experts are pretty happy over it. Consumer Spending and fixed investments increased. Although the GDP shows a contraction, but it is not not hurting the GDP of the US.

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Bo Li_1's curator insight, February 6, 2013 12:50 PM

It seems that this article says the the government has significantly decreased in military spending. As a result, it seems that US economy will also suffer a decrease in GDP.

Andrew Alter's curator insight, February 6, 2013 6:51 PM

The economy may have shrunk, but it shrunk in the most unharmful way for the average American. Government spending substantially decreased,  notably in the military, which allows for future government spending in domestic areas.

Matt Kellogg's curator insight, February 6, 2013 9:57 PM

govenment cut a lot of defense spending. Economy didnt decline much considering how much was cut

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The Latino gender gap: Latina voters prefer Obama by 53 point margin | Latino Decisions

The Latino gender gap: Latina voters prefer Obama by 53 point margin | Latino Decisions | AP_GOPO | Scoop.it

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Yessenia Leal6:There is a huge latino gender gap in America. Latinas are more likely to vote democratic than the male latinos. Latinas are also more motivated to vote than the male latinos. I don't really think it's the abortion and birth control pill issues that are making the women lean democratic. I think it's the affordable health care and the Dream Act. It seems like the Democrats are actually doing more for latinos in general than the republicans. Women also just lean more democratic regardless of race due to the favorable home policies that the Democrats make.

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Presidential Election 2012: News, Polls & Candidates

Presidential Election 2012: News, Polls & Candidates | AP_GOPO | Scoop.it
2012 election updates, campaigns & the latest poll. Find news articles, analysis, opinions and candidate comparisons in the 2012 presidential elections.
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