U.S. Warfare Boosted Q2 GDP Massively

[babsbunny]

http://www.businessinsider.com/us-gdp-defense-driver-2010-8

Earlier we highlighted how over half of Q2's 1.6% GDP growth could be explained by government spending. The government contributed +0.86% to the Q2 figure based on data from the Bureau of Economic Analysis (BEA). You can see how Q2 GDP growth was unusually reliant on government spending here.

As a follow up to that post, we've now broken out the different types of government contributions to Q2 GDP, and it turns out that defense spending was a massive component, accounting for +0.39% of the total 0.86% government GDP contribution.

[Zenlitened]

1. There's a sector that could quickly be redeployed to green energy work...

... of all sorts, from systems and software to installation to administration.

Right here at home.

Imagine that!