Excellent! More good economic news this morning!

[GRUNHERZ]

Record deficit....  And you talk about propaganda...   In terms of % of GDP this deficit is much smaller than others we have had in the past...

[moot]

It's still a deficit, and still spending more than is earned.

[DmdNexus]

Originally posted by Ripsnort
http://quote.bloomberg.com/apps/news?pid=10000103&sid=a76voWWYDv7g&refer=news_index

We'll see next quarter if it's sustainable.

So far Big Pharma is not hiring or expanding.

Sonly just laid off 20,000.  Rumors are other large companies will be laying off 10 of thousands by 2nd quarter next year.

And the lies by the Bush administration are being exposed by the Intelligence committy...

Neo-nazi Conservative believers are deluded bastards... the truth is coming out and you still are in denial.

Oh yah let's go save Iraq.. .the Iraqi people are oppressed they'll welcome the liberation...

Iraq is a freaking vietnam!

Haliburton is getting all the contracts - in violation of US law. They might as well just go to the treasury with dump trucks and fill them up with the money they are stealing from the American public.

[Rude]

Originally posted by DmdNexus
We'll see next quarter if it's sustainable.

So far Big Pharma is not hiring or expanding.

Sonly just laid off 20,000.  Rumors are other large companies will be laying off 10 of thousands by 2nd quarter next year.

And the lies by the Bush administration are being exposed by the Intelligence committy...

Neo-nazi Conservative believers are deluded bastards... the truth is coming out and you still are in denial.

Oh yah let's go save Iraq.. .the Iraqi people are oppressed they'll welcome the liberation...

Iraq is a freaking vietnam!

Haliburton is getting all the contracts - in violation of US law. They might as well just go to the treasury with dump trucks and fill them up with the money they are stealing from the American public.

Yeah!

[john9001]

quick, trade all your worthless US paper money for GOLD before the neo-cons put everyone back to work and ruin the US economy by driving up labor costs.  

[miko2d]

I would not call the official statistics a propaganda - the numbers do reflect real measurements. The issue is what those measurements signify if they are meaningfull at all. Moot is going a bit overboard here.

GRUNHERZ: Record deficit....  And you talk about propaganda...   In terms of % of GDP this deficit is much smaller than others we have had in the past...

 There are several points of contention here. A case can be made that GDP increase overestimates the real growth in domestic value-generation.

 Also, having deficit at a time when baby-boomers were entering their most productive years is not the same as having it just before they retire.
 A young person with low income incures debts in order to finance his productivity increase - education, equipment, etc. An older person at his earning peak must be having surpluses - saved and invested into younger people's productivity increase - in order to finance his upcoming retirement.

 Also, during the previous deficits we stil had american industrial and manufacuring production. In fact those deficits financed by foreigners caused us to lose our manufacturing competitivness and the manufacturing sector.

 There are many diferences between the past and the present conditions. There are only two outcomes for the balace - surplus of deficit. The conditions that cause one of those two outcomes are infinite.

 miko

[kappa]

Originally posted by GRUNHERZ
Record deficit....  And you talk about propaganda...   In terms of % of GDP this deficit is much smaller than others we have had in the past...

That is a lie.. Back it up

Money borrowed is money owed. Does not matter what the GDP is. You wanna be economist (like myself, although I do hold a degree in it) wanna garble figures with all sorts of other numbers, GDP, %unemployment, stock market, economies of scale, whatever, but the bottom line is the goverments budget is not so unlike your own. Over spend and you go under eventually. Sure maybe our debt may be different percentage wise to GDP than that of FDR's new deal or of Nixon's or Reagan term for that matter. The difference here is we are not starting from a clean plate of debt, we are adding to it... Faster than ever the last few years.. Adding to a debt that exceeds some $7 trillion now??


k
AoM

[DmdNexus]

Originally posted by GRUNHERZ
Record deficit....  And you talk about propaganda...   In terms of % of GDP this deficit is much smaller than others we have had in the past...

I love non-sense ratios like this...

"The deficit is ok because if you devide the deficent by the GDP it's less of a number than it ever has been"

Ok if you divide the deficit by the tons of watermelon people produce each year... and compare it to the tons of watermelon people produced 20 years ago yah... it's smaller... because there are more people producing watermelon today then they were 20 years ago.

And I am literally talking about raw sewage tonnage...

I swear neo-con's are stupid.

[moot]

I'm saying what's the situation with no spin and am overboard?
Do what you want with your economy, but it won't be considered done and over with till you're over the negative.

[miko2d]

DmdNexus: So far Big Pharma is not hiring or expanding.

 You must be joking, right?
 "Big Pharma" was killed this summer. I've seen the huge sign on a nation-wide chain drugstore "RE-IMPORTED DRUGS COMING SOON".
 It is a common knowlege that the prices for medicines in the countries that impose price controls do not cover the R&D expenses, only manufacturing costs.
 With drugs selling cheap in US, their R&D will not be sustainable and once their patents expire, they will be no different than any company selling generic drugs for miniscule profit.

john9001: ...ruin the US economy by driving up labor costs.

 That's a good example. A spread of unsustainable .com projects fueled by credit expansion drove the salary of the programmers up about six-fold during the 90s. Because there was no saving and investmant going on in software professionals education.
 Good companies like Sun or Lucent lost both money and good people - and infrastructure was established to create software jobs abroad.
 Obviously those .com original business plans did not forsee having to pay $250K for a programmer with a two-year experience or $150K for a girl who finished 4-months VB classes. They compared the cost of credit with the future profit, forgetting that the very monetary expansion would drive their costs up.

 miko

[majic]

Miko, you're a "glass is half empty" kinda guy, eh?

[Sixpence]

Drugs cheap in the US? We have a city that is buying it's drugs from canada. The FDA is stepping in and calling the drugs unsafe and threatening legal action.

http://www.boston.com/yourlife/health/diseases/articles/2003/11/07/fda_mulls_drug_import_action/

[muckmaw]

Originally posted by majic
Miko, you're a "glass is half empty" kinda guy, eh?

I think he's more of a

"The glass is full of a deadly toxin placed there by the goons of the government who are trying to silence my message of economic revolution"

kind of guy.

[kappa]

"DmdNexus: So far Big Pharma is not hiring or expanding."

Maybe all the pharmys will go outta business. Then perhaps money will be spent on trying to cure something instead of treating the symptoms. I mean really, how many decades has it been since we have actually cured anything?? This country has been 'treating' so long, the bugs are catching up and sometimes passing us on the evolutionary scale...... They too evolve..... Was it Polio that was last on the list? That was long ago....

k
AoM

sorry for the hijack

[miko2d]

majic: Miko, you're a "glass is half empty" kinda guy, eh?

 No, I am just knowlegeable in economics.

 Living good because your previous savings and investments increased your income is different from living good by taking a loan. The first is sustainable, the second is temporary and harmfull long-term.


kappa: Maybe all the pharmys will go outta business. Then perhaps money will be spent on trying to cure something instead of treating the symptoms.

 Which money? Are you saving and investing resources into such development? American public surely doesn't.

 miko