Where is the US economy headed?

@hawkeye10,

Well yes, they might have overstated the numbers. I usually choose incompetence over dishonesty, but you could be right. Now, what would be the effect on the general economy if we start assuming our government is lying to us about the numbers? The result could well be worse than honest error.

1 Reply

@cicerone imposter,

cicerone imposter wrote:

roger, You are 100% correct; those major items are on the decrease. Look what the tea party did during this crisis to demand government spending cuts at a time when more Americans citizens are in need - not only for food and shelter, but jobs.

They have taken this non-issue into a crisis without finding any solution for creating jobs; rather, their demands are to cut jobs.

There are many Americans who support what the tea party is doing, because they do not understand economics - and not even any understanding of politics.

They will get their wish to make our economy suffer more; more Americans will be losing jobs, homes, and their security, because the stock market will take away any wealth they thought they had. Jobs and the stock market are directly related.

cicerone imposter wrote:

That's a truism for the past, but our government must change. We must cut expenses on defense, social security, Medicare, and medical. These are the biggest expenditures, and not sustainable no matter how well our economy is performing.

It's irresponsible for five percent of the world population to support the largest military on this planet. Security must be a shared responsibility with the world community. I've already explained about why and where the other social programs needs to be adjusted to save cost.

The solutions are not rocket science, but we have elected to our governments folks who don't understand fiduciary responsibility. We continue to vote them into office.

Consistent ????

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@roger,

I do not believe our government is intentionally lying. Economics is not science, and impossible to consider all the variables that make up any statistics. Results are sometimes unknown until some time after the fact.

I still don't trust government figures, because I understand the difficulty in developing any number with so many variables.

1 Reply

@cicerone imposter,

Quote:

I do not believe our government is intentionally lying. Economics is not science, and impossible to consider all the variables that make up any statistics. Results are sometimes unknown until some time after the fact.

So why are first claimed results always BETTER...lately WAY BETTER than the final result? Come on now, you know better than to claim that this is chance, something is systemically wrong that never gets fixed. The question is why does it never get fixed? That the error is on purpose is the most likely answer.

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@hawkeye10,

Entirely your personal opinion that doesn't consider the difficulty of producing any kind of economic stats.

1 Reply

@cicerone imposter,

cicerone imposter wrote:

Entirely your personal opinion that doesn't consider the difficulty of producing any kind of economic stats.

Bullshit, it is the result of the execution of logic.

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@hawkeye10,

hawk, Did you ever study Economics? When and where?

Your response only shows you have no logic. That's because you don't understand Economics. Economics is not science.

Have you ever studied Statistics? I doubt it, but I'll ask anywhoos.

1 Reply

@cicerone imposter,

Quote:

. Economics is not science.

OH...In that case please fix Wikipedia

Quote:

Economics is the social science that analyzes the production, distribution, and consumption of goods and services.

http://en.wikipedia.org/wiki/Economics

1 Reply

@hawkeye10,

That figures; it's the study of

Quote:

social science that analyzes the production, distribution, and consumption of goods and services.

It doesn't speak to the topic of disagreement; government stats, and their accuracy.

Analysis doesn't say anything about the subject under discussion - which happens to be the accuracy of government stats.

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@cicerone imposter,

Here's an academic paper on why Economics is not science.

http://www.sbs.utexas.edu/resource/onlinetext/Definitions/economicsNOTscience.htm

It's obvious you never studied Economics, because you should know one simple truth about it; it's not science. You learn that in Econ 101.

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@cicerone imposter,

Quote:

Analysis doesn't say anything about the subject under discussion - which happens to be the accuracy of government stats

I see, so once you make a claim that you are proven wrong on you move the goal posts...got it.

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@hawkeye10,

You're the one moving the goal post; I've supported my position from the University of Texas. Where's your support that "Economics is science?"

This discussion also proves you fail to understand English. Analysis does not prove accuracy, because there are too many variables in Economics that makes accuracy impossible - in a dynamic world.

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@hawkeye10,

You didn't prove me wrong. It's your inability to understand simple Economic concepts and English. Not my problem.

All you are doing with each post is enforcing the fact that you do not understand Economics.

1 Reply

@cicerone imposter,

Quote:

You didn't prove me wrong. It's your inability to understand simple Economic concepts and English. Not my problem.

First you say that economics is a science and then a few minutes later you argue that economics is not a science and you think that it is me who has the problem? Drunk

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@hawkeye10,

You wrote,

Quote:

First you say that economics is a science

Again. Show me my conflicting opinions by cut and paste.

Again. Where and when did you study Economics?

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Gold Breaks $1670.

That is all.

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@cicerone imposter,

Quote:

Again. Show me my conflicting opinions by cut and paste.

My mistake, you where consistent that economics is not a science.

Quote:

Again. Where and when did you study Economics?

I am an uncredentialed generalist, and I dont think this is inferior to being a credentialed specialist. I my opinion a lot of bad education takes place at the university, often times it is better to avoid what has oft times become an indoctrination and mind shrinking process.

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Why would senators and congressmen and women having a vote, and a president signing a paper, have any effect on how those who lend money preceive risk?

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@hawkeye10,

When gold was at $1495 ci. predicted that the bubble was about to burst. When I reminded him of his prediction a few weeks later he denied having made it. He called me a liar.

1 Reply

@spendius,

spendi, Why do you continue to lie? Show me where I have made such a claim? PLEASE, you ****'n liar.

0 Replies

Where is the US economy headed?

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