Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (119471)	8/30/2012 6:20:23 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Your problem is that you measure success in the wrong ways. Success for you is an ever increasing GDP. GDP is spending. That is not a good measure of a successful economy. For example, how do you measure your own success. Do you measure it by an ever improve life style...aka by an ever increasing spending amount annually? It's highly likely that you do, just like most Americans. The difference between wealthy people and most Americans is that most Americans will achieve that ever increasing lifestyle through borrowing ever increasing amounts of money, until they go bankrupt. That's not healthy and not sustainable. That is what the US Government is doing. So measuring the health of our economy by GDP alone is simply stupid. I can guarantee increasing GDP every year, by simply borrowing more and more money. When that fails, I can print more. That's exactly what the Democrat and Bernanke plan is and it is fiscally insane. It leads to utter ruin...all because you guys are laser focused on the WRONG metric: GDP. As of right now, GDP stands at 1.7% growth compared to debt growth of 10%. Any businessman will tell you that means you have to borrow $5 for every $1 of growth you are getting, which means you are on a very fast and accelerating path to self-desruction. BUT YOU DON'T GET THAT. This is the singularly biggest problem with Democrats, except the Clintons. They seem to be completely incapable of understanding economics. True wealth is not created by borrowing and printing. It is created through savings and investment. If we shrink GDP, but cutting spending, then that is not a symptom of economic failure, but rather putting us back on a path of sustainable growth. The only real debate is how fast should you do it. Europe has chosen to do it VERY fast, which is why you see alarming rates of GDP shrinkage. That is a very painful path to take. However, it also means, their path to recovery will be faster once they bottom out. I prefer a slower path, but NOT the path the US is on now. We haven't even begun the journey to correcting our own unsustainable spending binges and it is because Democrats refuse to see there is a problem with borrowing and printing to their hearts content. So yes, I will vote GOP. Paul Ryan and Romney get it. Obama and Bernanke and you do not.