suzy
Member
Pretty interesting assessment of Iraq's progress:
http://www.nytimes.com/2008/04/13/op...ewanted=1&_r=1
http://www.nytimes.com/2008/04/13/op...ewanted=1&_r=1
stdreb27;2565013 said:2. At this pace, the war in Iraq will BANKRUPT the United States.
Actually this isn't exactly true. Most if not all the stuff the army buys has to be american made. So a good chunk of that money is spent here in the united states. Funding manufacturing, R&D, and other jobs here in the usa.
I'm no expert on where the army purchases, but I did work in aviation, and I know all the planes purchased from Boeing, Lockheed and other American companies are assembled in the United States yes. However, over 90% of their parts are manufactured elsewhere. Other than the engines and the classified technology, it's all outsourced parts.
Am I the only sane person in this country, who sees what is happening here? Each and every day, we are spending billions of dollars in Iraq, as we are losing billions of dollars in earned income in the United States from job losses. I'm not sure how we are loosing billions of dollars in job losses. The only net job losses have been recorded over the last quarter. After about 5 continuous years of growth. I'm not sure I get what you're saying. You're talking a hypothetical loss that doesn't represent anything.
If you want to believe what the federal government is telling you about job losses, be my guest. I'll use the data of my friends and family, where everyone has either lost a job, lost significant pay, had to take a loss, or simply is unemployed. Let's not forget all the people who a few years ago were making $50k + a year who lost their jobs and are now working some hourly job that they are over qualified for and underpaid for. Remember, the unemployment rate is just that, unemployment. Not the "I'm making way less than I used to because the economy is in the can" rate.
The most common reply to the "economic crisis" that I always hear is something like:
"The U.S. economy has its ups and downs. It has always recovered before, and it will recover once again."
Ok, that is a wonderful ideology in a world of rainbows and kittens and all... but sadly I am living in the actual real world.
The real world where we never recovered from the Great Depression, several real recessions after WWII to the double digit inflaiton of the Carter years? And the redefined recession where we still had growth during W's first term? Yeah, the American Economy is going to fail after all we are in tough times. real gdp growth at .6%, unemployment at 5%, a whopping .83% of homes were in forclosure in the last quarter of 07. We really are up poo creek without a paddle. It is you that needs a reality check.
Like usual, people always resort to the past. I don't care about WWII or the great depression. We didn't have China and India to compete with did we? We weren't in a global war against terror were we? We weren't spending billions of dollars on Iraq's infrastructure were we? We weren't outsourcing almost all manufacturing jobs. We weren't in a trade agreement that inhibits us from growing the way we can. And .83% of homes are in foreclosure you say. Fair enough. But like the unemployment rate, that number doesn't count the people who have lost their homes, turned in their keys, or sold for next to nothing so they simply can live in an apartment that's too small for their family.