What's wrong with the economy?

[TheGunslinger]

http://www.epi.org/content.cfm/pm110

1. Profits are up, but the wages and the incomes of average Americans are down.

2. More and more people are deeper and deeper in debt.

3. Job creation has not kept up with population growth, and the employment rate has fallen sharply.

4. Poverty is on the rise.

5. Rising health care costs are eroding families' already declining income.




But...but...but...GDP is soaring! The economy is on fire!!

:eyes:

[texpatriot2004]

1. The economy in the reality that I live in is the worst I have ever

seen in the USA.

[dapper]

2. We will be paying down the debt

for years to come. It may look bright and rosy now (cough cough, bs) but they cannot keep up with their lies. The next President will be responsible for the shit Bush pulled.

Dap

[laheina]

6. That's the down side

of taking back the white house. :crazy:

No matter what shit piles they make, it's never their fault.

[jbnow]

3. You're right

The rich feel richer, the middle class not getting ahead or falling behind, the poor get poorer.

Credit rates rising, over-mortgaged, credit card minimums doubling, heat costs soaring, benefits getting worse, lay offs, underemployment and on and on.

Then the nations debt is soaring, amount of foreign ownership of debt is more then double what it ever was, dollar falling, foreign investors getting edgy and if they pull out we all fall down.

Greatest damn economy ever.

[laheina]

4. But...but...but...

1,000,000 new jobs (for shitty wages, with no benefits)

some freeper was pushing that same GDP crap here last night.

:spank:

[HughBeaumont]

5. Great for Wall Street, Crap for Main Street. To sum it up.

The GDP is a completely meaningless RW talking point that econohacks like to bring up while discussing economies that seem to grow, yet strangely lack quality job and wage growth to back it. In other words, any economy that features a corporation-enabling neo-con government at the helm. Why does Joe Cubicleslave care about GDP? When midnight strikes, he and his family are keeping less than ever, sending them deeper into debt than ever. And more often than not, there's no luxuries in Joe's home, nor is Joe's home itself a luxury. Wages simply aren't keeping up with the soaring cost of living and haven't been for the past . . .oh, I don't know SIX YEARS????!?!?!?

[depakid]

11. GDP is also profoundly dysfunctional

as anyone familiar with resource issues will tell you- the reliance on unsustaiable growth and the failure to consider energy throughput makes measure like GDP nothing less than perpetual motion machines.

Natural laws like entropy are what they are, and they don't care what any econ professor or Nobel prizewinner thinks.

[HysteryDiagnosis]

7. Speaking of GDP, I heard on yes I'll say it, NPR that better than

half of Afghanistans GDP came from poppys last year. Mission accomplished.

I did get a kick out of the morning NPR announcer last week who said that morning edition or whatever it is called was brought to you by the ginsu knife news network. I wonder if they read in here... one of my sigs may have touched a nerve..... never know.

[Guaranteed]

8. Wastful spending and a weak middle class. nt

[TheGunslinger]

9. Kick.

[Media_Lies_Daily]

10. And the last bastion of investment, housing, is about to implode. Weeee!!

[Yavin4]

12. It Is Possible For The GDP To Grow And Those Things On Your List

The economy is indeed growing because there are literally trillions of dollars in borrowed money floating around. Problem is that this growth is not being re-invested into wages and job growth. More and more of it is either going to production facilities overseas and the middle-men (global corporations between the overseas producers and the domestic consumers) are seeing all of the growth.