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

To: Bill who wrote (517480)	12/30/2003 6:33:50 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 769670

try again Bill. The GDP number is measuring goods that the USA is selling in CHINA. Unfortunately it doesn't subtract the % that is created offshore. In other words it is way overstating actual US based gross domestic product. Just because HP sells a bunch of stuff in india, unless some portion of that product is produced here, it is not a win for the US economy. In fact it is almost certainly true that some industries are producing offshore what they sell HERE. The actual GDP is probably around 3% or less. And that is why the Xmas season sucked and why we can't create jobs. It was funny when the 7% GDP figure came out because the conservatives were jumping for joy and actually thought it meant a boom ahead. Their plans were foiled with next months 8%- which was so high anyone could see it was a statistical anomaly.