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Thursday, July 21, 2011

This is not your father Economic crisis

That tic tic tic you hear is not the sound of your time piece but rather it is the sound of a mechanical action of the economy and everything that goes with it that is about to erupt. There are some that desire to hold government spending at 18 or 20 percent of the Gross Domestic Product (GDP), which would take the country back to somewhere around 1966. Allow me to delineate just what GDP is and how it is determined, GDP simply refers to the market value of all final goods and services produced within a country in a given period of time. Question: just how much goods are being produced in the good o U.S. of A at the moment? NAFTA and CAFTA has taken the jobs out of the country by the Congress and Presidents,  Bush - 41, Clinton and Bush - 43, and with some 14 millions of the country citizenry unemployed, surely does not give anyone any reason to boast. Moreover, the standard of living of this country citizens, will soon look like a third world country at the pace things are happening within these borders, which is another thing the GDP is an indicator of (standard of living). If the Republicans of the 112th Congress have their way, we'll all be using wire to hold the sole of our shoes to the upper part thereof. It may seem to be the proper way to govern to them but its nothing short of lunacy from where I sit. To suggest that we, (the citizens of this great country, albeit not for long if they have their way) return to the days of more than 45 years ago in governing  just don't make any rational sense. If this country is allowed to default, the aftermath will not resemble anything like the Great Depression and the untold misery that will surely be in abundance, even your father would not recognize the darkness of spirit and soul.

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