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

To: Lizzie Tudor who wrote (517481)	12/30/2003 6:38:00 PM
From: Bill	Read Replies (3) \| Respond to of 769670

I don't have to try anything. I just state the facts and leave the swimming upstream to folks like you. Let me know when one of your dire predictions comes true because, as of now, you are batting .000.

To: Lizzie Tudor who wrote (517481)	12/30/2003 7:11:17 PM
From: Kenneth V. McNutt	Read Replies (1) \| Respond to of 769670

<<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 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>> Wrong! GDP is the total of goods and services produced in a particular country. Goods produced in a foreign country are counted in the GDP of that specific country only. Goods produced in India by an American Co.(HP for example) are not counted in the GDP of the United States, but of India. Try a Google search. Very simple. Ken