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05/21/10(Fri)11:53:10 No.230095XXX>>230094404
GDP is
kinda a poor indicator of our economy. the GDP ssystem was made during
WW2 to keep a ruff track of how much goods it was producing mainly. we
were the industrial might of the world at the time so this was a good
way to measure that. now it is allmost the opposite, most of the GDP is
consumer spending, and that spending money mainly came from the
government who borrowed it from asia. so if you look at GDP going up yet
our national debt is going up and the dollar is going down. id say its a
poor way to measure economic stability.
remember that we became a
super power from production. not a welfare state and a service based
economy with all its retail workers and wal street people with
government workers.
look at china and germany. they play a huge
roll in the markets, they are the 2 biggest producers in the world, they
are economically stable, they have industry. americas power is in its
world reserve status, strip it away and the whole thing collapses.
america needs more production, lower taxes, lower regulation, and we
need to cut government jobs/agencies/benefits. |
