jas1552:
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The US is not in a depression at all. The US economy had the fastest rate of growth in 20 years (if I remember correctly without going to look it up) during the last quarter.
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I agree about this last quarter! The trouble is not that apparent stat, but the massive amount of data underlying it. If you take all that data into account, - this isolated statement is kinda like George's WMD threat :-)
Some stuff... the last quarter also established a pattern where .. eg.. the current foreign investment in Wall Street dropped from the "traditional" 50bill to 4bill/month. The fact the that dollar is currently weak is sure healthy for US exports, but flip the coin and this picture changes, - the actual earning from any increased exports are not actually staying in, or benefitting the US. They are being removed to other financial areas.
Hell knows how this Admin reckons they will "cover" the last spring budget from the US Treasury and plough on with some fiction for this year. Last year's Treasury report was one of the most damning in US history. Since that time things have got worse. It was mean't to be included in the budget last year, but was so bad Bush hide it and lied again. (Back to the biase in reporting *g*)
There are many other issues to all this stuff, - ie the fact that a considerable part of the *total* US economy is owned by other nations and is expected to reach 40% in the next year or so. That is just too much and does not do one damned bit of good for the US who basically get nada benefit. It is ironic that the people in the US are probably leading the rankings as the hardest working on the planet.