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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (28203)	4/30/2008 11:40:49 AM
From: TimF	Respond to of 71588

Tim...you just "cut n pasted" that from somebody else..lol Why the lol? Someone else presented the facts and made a good argument with them. I never said it was my own argument, and I linked to the blog post. You DO understand that GDP is a "fluid" thing, right? The GDP in 1 year isn't really indicative of the GDP 10 years out if economic realities change radically, right? Sure, but "if things change radically" anything can be true. Any argument can be undercut by "things can change radically", but that's not that useful. Can you "cut n paste" those same numbers on GDP from 1928-1932 so we can see what they look like? There wouldn't be much point. The thing IS...GDP is fluid, but DEBT is FIXED.... A fact which normally reduces the debt burden. GDP trends up. It's like the guy that's making $100k a year so he buys a BIG house with all the amenities and THEN he gets "laid off". The country doesn't get laid off. If you imagine economic disaster of unprecedented proportions for the US (or even just as bas as in the Great Depression), than surprise, surprise, things look pretty bad. Garbage in, garbage out. Also the 2nd chart was over a long enough time frame, that even a depression could happen and the overall point could still be correct, unless you imagine a depression without a recovery. The 2nd chart is over a century.