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Politics : GOPwinger Lies/Distortions/Omissions/Perversions of Truth -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (114933)2/20/2008 9:41:01 AM
From: HPilot  Read Replies (1) | Respond to of 173976
 
GDP credits deficit spending and war costs as a positive,

Total bull shit. GDP is the cost of product. If the amount of product is up from last it is positive, of less then negative. Deficit spending and war costs only count for the amount spent on new product. Increased debt will eventually have a negative GDP because we cannot spend money on product if we spend it on debt.



To: American Spirit who wrote (114933)2/20/2008 11:54:03 AM
From: Patricia Trinchero  Read Replies (2) | Respond to of 173976
 
WE are in a serious economic situation.

If it gets worse there may be some extremely difficult times ahead.

Forget a recession...................a depression is likely for some sections.

I heard that the Sharper Image is in bankruptcy.


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