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Old 04-15-2011, 10:16 PM
Bill Scher Bill Scher is offline
 
Join Date: Feb 2007
Posts: 83
Default Re: The Week in Blog: Bird-Free Edition (Bill Scher & Kristen Soltis)

Quote:
Originally Posted by Unit View Post
Apparently I did not speak slowly enough.

The 1995 shutdown led to a DECLINE in GDP. The economy made up for the loss in GDP when the government REOPENED.

There would a real concern for the current economy, still suffering the aftermath of the Great Recession caused by the 2008 financial crisis, if it could bounce back as easily from a government shutdown. If it couldn't, we would risk a severe double-dip recession.
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