Discussion in 'Economy' started by DavidS, Jul 31, 2009.
I say -1.5%
It's only down -1%!! They expected -1.5%.
our manufacturing base has been destroyed.. our economy is a joke!
Well, since this isn't the Industrial Revolution anymore, manufacturing in the US isn't anywhere near as important as it used to be. Our manufacturing base became destroyed in the late 1960s and early 1970s.
This is why we have such a huge trade deficit.
so the trade deficit is unimportant? WTF?
Yes - it's unimportant. It just shows we import more than we export. It holds no baring on the state of our economy.
Consumer spending dropped more than expected. Government spending rose 11% and accounted for the upside.
the GDP equation disagrees with you.
Keep them printin' presses a-rollin'!!
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