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

To: LLCF who wrote (128846)	12/17/2012 4:39:23 PM
From: RetiredNow	1 Recommendation Read Replies (1) \| Respond to of 149317

yeah, there's this concept of what may be a great economic model in a small segment to grow the segment, may be something that does not grow the macroeconomic pie at all. Classic example is coal. Great jobs creator in the coal industry, but it has so many negative externalities that are hard to quantify, but very real, such as massive pollution that leads to destruction of the local environment and more destructive weather from global warming that leads to larger and more frequent weather events like Sandy. So great economics at the industry level, but terrible economics at the global macro level. Too bad we only really measure GDP to determine our economic health. That's a terribly flawed metric from so many different perspectives, that I find it laughable when Dems or GOP both say our economy is doing great because GDP growth is positive. That shows a level of naivete that is both startling and agonizing.