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To: Toddsterpatriot
"What about as a percentage of GDP? During our heyday compared to now?"

Alsop works to support my argument.

Bottom line is we have traded making things for service jobs. To keep GDP high in a recession, we now have no choice but to boost GDP through government spending as demand for services falls during a recession compared to a demand for goods.

It's either that or admit we're actually in a depression with negative quarterly GDP growth.

25 posted on 03/15/2012 7:34:13 AM PDT by apoxonu
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To: apoxonu
What about as a percentage of GDP? During our heyday compared to now?

Alsop works to support my argument.

Alsop?

Bottom line is we have traded making things for service jobs.

That's true. Still doesn't answer my question.

31 posted on 03/15/2012 8:00:05 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 25 | View Replies ]

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