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Where is the US economy heading

 
 
timberlandko
 
  1  
Reply Wed 8 Dec, 2004 03:18 pm
cicerone imposter wrote:
... most people are too lazy to seek the truth.


Dunno if I'd say "most", but there sure as hell are a bunch who qualify. And there are plenty who overlook the truth, or excerpt from it only that convenient to their own agenda.

The truths of the matters presently here at discussion include the facts that global factory employment is down roughly 10% (11% in The US, 15% in China and a bit more in Japan) over the past decade, while manfacturing output has increased by nearly a third, that The US Economy is securely and unarguably well into the most robust expansion it has seen in over 2 decades, and among the strongest and most broadly based expansions since the end of WWII, that US personal wealth, individual home ownership, average and median incomes, corporate investment, commercial and residential construction, consumer spending, and tax revenue collection are at historic highs while tax, interest, inflation, and loan default rates are at historic lows and the unemployment rate is well below both its 125 year and post-WWII averages.

There are some who to their own ends see, and cry, problems which do not exist or are nowhere near the magnitude they are portrayed as being. No, not everything is perfect, nor is there lack of room for improvement in just about every area. What is missed, or ignored, by some is that things really aren't bad at all in the first place, and secondly that improvements are underway.
0 Replies
 
cicerone imposter
 
  1  
Reply Wed 8 Dec, 2004 03:42 pm
This is only anectdotal, but sales tax revenue in our county has been improving of late. That, to me, is a good sign that our economy has sufficient strength to overcome many of the negatives people identify today. What is most interesting is the fact that higher priced items are becoming more popular and in demand.
0 Replies
 
 

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