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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Thomas A Watson who wrote (484582)	10/31/2003 2:55:23 PM
From: American Spirit	Read Replies (3) \| Respond to of 769670

The GDP is a deceptive measuring tool. It includes debt spending which is actually a negative. it also does not subtract damage to the environment and lost jobs.

To: Thomas A Watson who wrote (484582)	10/31/2003 2:56:10 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769670

I don't think too many people were expecting a low GDP number. I think 7% was a surprise to the upside though. However, none of this matters at this point, because of the liquidity and federal spending bubble we are currenly living in. The stock market and economists are looking at jobs, which aren't happening. In fact, you could make a case that real job creation is twice as bad as reports because 388K unemployment claims after a 3 year jobs recession is really excessive. There are ways to shore up the jobs picture, but not with Bush policies which are basically trickle down.