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To: BlackbirdSST
Percentage of GDP produced in factories 2003 - 39.6%.

Highest percentage of GDP produced in factories during the 40's - 35%.

Highest percentage of US GDP produced in factories ever (2000) - 40%.

A 0.4% decline in the proportion of GDP produced in factories over a three year period is not a deep and fundamental change in our national economic paradigm.

Spin it any way you choose. redruM.
11 posted on 08/18/2003 6:59:49 AM PDT by .cnI redruM ("My Glass is Gettin' Shorter, On Some WHiskey and Some Water" - AC/DC)
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To: .cnI redruM
Highest percentage of GDP produced in factories during the 40's - 35%.

Highest percentage of US GDP produced in factories ever (2000) - 40%

Now just what do you interpret this statistic to mean? What do you say it shows about the economy or proves for that matter. One can argue that it is either a healthy statistic or an unhealthy statistsic or an irrelevant statistic that is cobbled together to obfuscate the issue. Now just what are the effects of the offshoring of IT. Does the fact that perhaps the prices of manufactured items have risen in relationship to non-manufactured items factor into this of course it does. Does the destruction of a lot of our mining industry have a realtinship to this statistic have anything to do with it of course it does. Does the fact that a far more significant percentage of our petroleum account for a portion of this difference have meaning of course it does.

Please let us forego the smoke and mirrors and honestly discuss issues with facts taht are clear and honest.

29 posted on 08/18/2003 7:29:53 AM PDT by harpseal (Stay well - Stay safe - Stay armed - Yorktown)
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