I saw a chart on the net last week that shows “as reported GDP” vs “GDP minus M.E.W.”(mortgage equity withdrawal)for the years 96-06. If what it shows is truthful then folks, our economy has been in the tank since 2000. 01-02 negative growth and 02-06 about 1%/yr.
It seems to me that giving away our manufacturing economy, which adds value, to becoming a service economy of burger flippers, strippers, computer programmers, gamers, lawyers, mowers, real estate flippers and debtors that we have gone down the scuppers.
“It seems to me that giving away our manufacturing economy, which adds value, to becoming a service economy of burger flippers, strippers, computer programmers, gamers, lawyers, mowers, real estate flippers and debtors that we have gone down the scuppers.”
Adjusting to the new economy is hard for many people....
...yet an excellent career choice seems to be “Community Organizer” which confirms that “government” is a growth industry.
Now that sounds like the real Bush economy.
It seems to me that giving away our manufacturing economy, which adds value, to becoming a service economy of burger flippers, strippers, computer programmers, gamers, lawyers, mowers, real estate flippers and debtors that we have gone down the scuppers.
Services have market value just like goods.