the sketchy derivative market is the only reason why the US had a "positive GDP growth".
There is no possible way the economy could be "growing" if the value of the dollar declines. This is directly due to the trade deficit with China. it's abotu $800 billion now plus interest, which is 2% of our nation's wealth, basically it's more than what the dot com industry produces. double what is held by 99% of the American people. Anyone who isn't acknowledging this fact is pulling the wool over your eyes. increased government spending won't cure it. And misdiagnosis and continued derivative fraud is going to make it much worse.
Actually, this recession started in the third quarter of '08, despite what some economic gurus have said. Apparently they do not understand the definition of the word recession, which is at least two consecutive quarters of negative growth. The second quarter of '08 showed positive growth, as did every preceding quarter since '06. Be that as it may, anyone who honestly believes that increased government spending can in any way lift our country out an economic recession is too stupid to mow my lawn properly, let alone run our country.
Obama's so called American Economic Recovery and Reinvestment Act, is a plan to turn us into a second rate nation, and make Americans completely dependent.
There is no possible way the economy could be "growing" if the value of the dollar declines. This is directly due to the trade deficit with China. it's abotu $800 billion now plus interest, which is 2% of our nation's wealth, basically it's more than what the dot com industry produces. double what is held by 99% of the American people. Anyone who isn't acknowledging this fact is pulling the wool over your eyes.
increased government spending won't cure it. And misdiagnosis and continued derivative fraud is going to make it much worse.
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