I don't know about you all, but this "growth" of the economy we've seen in the last few years which gives rise to the theory we are not in a recession is BS. I did some research and came up with this link
http://www.quickmba.com/econ/macro/gdp/
If you're like me and not an economist or lawmaker, you might also conclude these terms are thrown around in ridiculous fashion hoping no one takes the time to think about it. Lying to us.
Inflation is raising the total cost of goods and services which makes it look like the economy is growing by 2.5 percent. Yeah Right. Somehow it balances the value of homes which are in record foreclosure. Our local paper had pages, yes whole pages devoted to properties being sold "by public outcry" on the courthouse steps come Novemeber 1st. My heart goes out to the folks. Taxes deliquency, mortgage payments, whatever. I got a lesson in economics from my savy partner about home purchases, properties and tax collections.
Here in N. E. Georgia we still struggle. Leaf season is about over, no one is making any money. Tourists are heading home to lick their economic wounds.
Ok, I'm just saying. Enough bullshit. And anyone wanting to add a federal sales tax to goods, please say it isn't so. We who are not required to pay federal taxes because of low income (whether by choice or circumstance) do not want or need an extra 9% added to everything we buy from aspirin to apples to dish soap.
Just saying. Go trick or treating on Wall Street Today. Maybe they can hand out money.
Growth of Economy a Hoax
Reality is A Bitch
It doesn't take long to see the truth of the matter.
The rich, and I mean seriously rich, are getting richer and the rest of us poorer.
Not just in actual cash, bank accounts, housing, material goods, but also in self esteem, employment value, in disposable anything.
I read several articles today about the economy. I know, I shoulda known better. Its dam depressing.
Only 18,000 jobs created in June, while unemployment rose to 9.2%. We all know that number is crap. Unemployment, under employment, and down right underpaid employment is way higher. The reality of the situation is there are not enough jobs to go around.
Now, some people figure if all the undocumented workers were sent home, we'd have plenty of jobs, or at least a start.
That might work for the truly desperate who are not collecting nearly enough unemployment funds to make it.
Construction, field labor, and seasonal resort jobs come to mind.
Unless we pile in several wage earners per household, you can't make it on those meager wages anyhow.Not sure that would answer it.
Its obvious our country is in serious trouble. Our debt ceiling is being debated. Some think if we tax these rick folks they won't create the jobs we need.
Doesn't look like they are, anyways. So what the hell, tax them.
One article I read told of open jobs just being sat on, the hiring managers are in no hurry. With 300 applicants and a dismal "recovery" underway, why rush?
I remember growing up there were jobs created for poor teenagers. These job corps were sponsored by the federal government and achieved everything from landscaping to day care workers to taking voter polls.
But I don't know what the answers are.
I do know there are some really smart people who thought up this housing bubble stuff, allowing people to get homes they couldn't afford, then creating the derivatives to bet against all the mortgages that were bundled and sold as A rated bonds for people's retirment profiles.
They won, we lost.
Make them fix it. Tax the bastards.
With funds from the very wealthy going into the economy, the rest of us can recover and they'll get their money back, and more.
What will happen if the debt isn't paid, jobs aren't created, and people don't have their simple needs met?
We The People, By the People, will start acting like The People and do it For the People, namely ourselves.
History has shown economics drive rebellions.
Not religion, not morality, not global warming.
Economics.
So I don't know a soul who is believing the Recession is over, that the economy is recovering, that any thing good is around the corner.
I'd like to.