And our GDP is..............

Discussion in 'Economy' started by DavidS, Jul 31, 2009.

  1. DavidS
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    DavidS Anti-Tea Party Member

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    I say -1.5%
     
    Last edited: Jul 31, 2009
  2. DavidS
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    DavidS Anti-Tea Party Member

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    It's only down -1%!! They expected -1.5%.
     
  3. bugs
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    bugs Senior Member

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    our manufacturing base has been destroyed.. our economy is a joke!
     
  4. DavidS
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    DavidS Anti-Tea Party Member

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    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.
     
  5. bugs
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    bugs Senior Member

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    so the trade deficit is unimportant? WTF?:cuckoo:
     
  6. DavidS
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    DavidS Anti-Tea Party Member

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    Yes - it's unimportant. It just shows we import more than we export. It holds no baring on the state of our economy.
     
  7. Toro
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    Toro Diamond Member

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    Consumer spending dropped more than expected. Government spending rose 11% and accounted for the upside.
     
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  8. editec
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    editec Mr. Forgot-it-All

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  9. elvis
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    elvis BANNED Supporting Member

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    the GDP equation disagrees with you.
     
  10. Oddball
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    Oddball BANNED Supporting Member

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    Keep them printin' presses a-rollin'!! :rolleyes:
     

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