UtopianRanger
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quote:
ORIGINAL: Kedicat
The GDP in the US rises. Hooray hurahhhh!!!!
The national debt also increases.
The average household debt also increases.
The average savings rate goes negative.
Job creation is stagnant or declining.
The average wage for the non rich is stagnant and falls behind inflation.
The trade balance increases to it's highest levels month after month.
Factories close.
One of the biggest powerhouses of the economy is financial institutes. Animals of debt and paper wealth.
The GDP is now meaningless. It is financed by debt, not selling but selling off and selling out.
The bills, personal and national are payed by yet more credit, held by mostly foreigners. The energy is provided by foreigners, payed for on credit. The goods are bought from foreigners, on credit.
And more and more of the profits are taken by multinational corporations waving the US flag but keeping the cash offshore and out of the tax base and economy.
It isn't just the US that is on this road. The US just built it and are very far down it. So far the rest of the world is holding onto the paper, but it won't be forever. There are no goldrushes in the US's future to get back out of the hole. Even if there were. It is all setup to be skimmed off before it can be put to real use and security of the country and it's economy.
You've been royaly screwed. And cheered the Kings as they did you. And still cheer.
Gents....
I'm not sure if it’s entirely fair to single out Estring. The problem is chronic.....many folks on this message board hear the phrase over and over ''The Bush Tax cuts are good for the economy'' or '' Outsourcing is a good thing '' - Then they re-parrot it over and over without ever having done any research themselves - As long as the guy is authoritative and has a nice suit on...they trust and believe-in whatever comes off the tube.
Now.... let me offer up a personal opinion : Low taxes and tax cuts are a great thing!!!!!! But in a ever-shrinking, outsourced, economy, that's actually morphing from an industrialized, manufacturing based one to that of a lower wage service economy; where the size of the government and its spending capacity is growing by leaps and bounds - Tax cuts are terrible and only stand to enlarge the deficit!!!!!!
Now in all fairness, let me also correct something else I've seen parroted quite a few times here : Many think that during the Clinton era, Clinton actually made a dent in the deficit by paying it down a little - Very true
But paying the deficit down doesn't equate to squat when you have a MASSIVE trade imbalance and you continue down the path of outsourcing whole sectors of our economy to slave-driven China and the third world.
When you are at the very top.....the practice of outsourcing only knocks you down notch by notch until you are close to or equal with whom the product is being outsourced to - It's only logical - think about it.
Remember....logic is a tool….use it!!  – Outsourcing to slave-driven China and the third world only serves the MASTERS! - It's BAD! - No matter what Hannity or Bill OReilly tells you.
- R
< Message edited by UtopianRanger -- 9/21/2006 3:36:18 AM >
_____________________________
"If you are going to win any battle, you have to do one thing. You have to make the mind run the body. Never let the body tell the mind what to do... the body is never tired if the mind is not tired."
-General George S. Patton
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Economics for Estring - 
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