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cuckoldmepls -> RE: Not Fooled by GOP Spin: Americans Still Blame Bush for Economy (4/11/2010 11:42:31 AM)
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Give me a break. They have transformed us into a service economy from a manufacutring economy now. GDP is not a valid method of determining whether our standard of living has risen or fallen. Think about it. Since we are a service economy now, many industries sell services worldwide that only benefit the company not the employee's. For example, they can develop a software package and sell worldwide which makes the company rich, but only a handful of employees actually benefit. Yet, these figures are added to the GDP.
It's the same kind of brain washing that occurs when the federal government tells you the economy is growing, and everyone thinks that that is all that matters. Well obviously when you allow in half a million illegal aliens each year, and another million from legal Immigration the economy is going to grow. So does cancer, especially when we have to expand our infrastructure such as schools, teachers, roads, and bridges, which is why property taxes go up each year. This is not a healthy growth when you have to subsidize the growth. It's cancer. As I've said many times before, we have a $10 trillion national debt, $1.6 trillion budget deficit this year, 800 billion trade deficit a few years ago (improved slightly during recession), 1 in 9 people are on food stamps, more people are below the poverty level and without health insurance than ever before, and 47% of all households no longer have to pay federal income taxes because they either make too little money or have enough dependents to offset it. This is a train wreck waiting to happen.
Don't forget the lack of energy independence thanks to democrats has now launched us into the largest transfer of wealth in history to the oil producing countries. I don't care what the GDP says, this is a monumental disaster in the making.
Oh, and just wait till the baby boomers finish spending their parents inheritance. All hell is going to break loose, and kids today won't have anyone to fall back on like their parents do now.
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