(U.S.) Private Sector GDP Growth Vs. Public Sector GDP Growth For 2012

(U.S.) Private Sector GDP Growth Vs. Public Sector GDP Growth For 2012.

We all should know that the public sector is just as much part of the GDP as the private sector. Knowing this, we need to separate the two in order to see what is causing the slower than average GDP growth overall. It turns out that the private sector is doing alright, not fantastic, but alright.

In the first quarter of 2012, the private sector was growing at about 3.2% according to a report by Alliance Bernstein. The public sector on the other hand contracted 3.9% in this same quarter.

Over at the American Enterprise Institute, hardly a progressive or liberal think tank stated, “Maybe the private sector is doing fine”

“In the second quarter of 2012, “public sector GDP” decreased -1.44%, and that was the eighth straight quarter of negative growth for total government spending, averaging -2.88% per quarter over the last two years.

In contrast, there have been 12 consecutive quarters of positive growth for private sector GDP averaging 3.07% per quarter in the three years since the recession ended, which is slightly higher than the 2.8% average growth rate in private real GDP over the last 25 years.” according to AEI.

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About aheecosh

Richard A. Sands, Ret. PI; is Board Chair/President of the “Michigan Rescue and Restore Coalition” and President/CEO - Board Chairman of three other non-profit organizations, the “United Social Networks – Rescue and Restore Coalition”, “AhEeCOSH” the“Adult Entertainment Coalition for Occupational Safety and Health” and the “Universal Life Church Anti-Slavery Coalition”. Currently, Richard is finishing his Master of Arts Degree in Social Justice at Marygrove College while completing the (IIRP) International Institute of Restorative Practices – Training of Trainers Certification Program. Richard A. Sands, Ret. PI Pastor - Int'l Chairman/Secretary (MIRRC) Board Chair/President (AhEeCOSH) Investigative Reporter Families Against Narcotics (FAN) Chapter Stop Underage Drinking/Drugs (SUDD) Downriver Universal Life Church Anti-Slavery Coalition Southgate MI - Tenth Precinct Delegate Marygrove College - MA Student Social Justice Program - 10th Cohort 734-771-7251 Fax: 734-281-4087
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