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The people proclaiming this look intelligent enough. They obviously know how to dress well. And they can usually spout off a few data points or correlations to back up their claims, e.g. GDP is growing again, housing data is not quite as bad as before, jobless claims are down.
It’s really quite frightening because when you look at the data, there is virtually NOTHING positive to talk about. Let’s start with the basics:
Originally posted by muzzleflash
What confuses me the most, is that the economy today is the greatest in written history. Yet people always act as if it is horrific.
What kind of economy existed in 1500 AD in Europe? No toilets. Access to food was very limited as was selection. Access to clothing and housing was severely limited and primitive at best.
How about 20 years ago? There was no Internet economy. The Computer Industry was minuscule compared to today.
Just think about things logically in relation to history.
There are more goods in production and being traded today than at any time in human history, and it is arguable that the living standards of mankind are far better than any time in recorded official history as well.
So what is this "bad economy" nonsense ?
[edit on 30-12-2009 by muzzleflash]
Originally posted by butcherguy
[www.abovetopsecret.com...] Then there is the problem of paying for the new unemployment claims, the extensions, and the emergency claims.
Police issued a total of forty-eight tickets for "engine modifications" with police accusing the owners of the parked vehicles of being street racers.