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

To: Knighty Tin who wrote (499696)	11/28/2003 12:19:34 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 769667

the problem is that GDP is intended to represent a lot of things that it no longer represents... this GDP is merely an indication of corporate profits and that is all. But the other things that used to go along with profits like increase in tax revenues (due to workers paying taxes) isn't attached to this number. In fact you might even be able to negatively correlate tax revenues to corporate profits in the near future. So what good is GDP? It needs to be renamed "corporate profit indicator", and then a another metric needs to be devised for measuring goods and services whose value add is created in the US. This number would be much lower than 8%.

To: Knighty Tin who wrote (499696)	11/28/2003 12:27:16 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769667

"The Turkey has Landed!" "The turkey has landed," ran the front-page headline in the London daily Independent. "George Bush becomes the first US president to visit Iraq in order to provide the television pictures required by his re-election campaign," it said, noting that Hillary Rodham Clinton, "his undeclared Democratic opponent," was on her way to Baghdad from Afghanistan. Liberation noted that more than 430 US soldiers had been killed in Iraq, 184 of them since Bush declared an official end to the war on May 1, and quoted a Gallup opinion poll this month showing that 54 percent of Americans disapproved of the way the post-war situation was being handled. "Bush knows that Iraq could become the Achilles heel of his campaign," it said abc.net.au