Anonymous Coward User ID: 14903766 United Kingdom 05/09/2012 01:52 PM Report Abusive Post Report Copyright Violation | US Economic meltdown is a FALLACY , Mainly Fear Monerging and Political Propaganda Key points from article [ link to finance.yahoo.com] Since hitting bottom in 2009, U.S. exports have grown 45 percent on a monthly basis, The Institute for Supply Management reported that its index of U.S. manufacturing activity rose to 54.8 in April, the highest level since June 2011, The "too-big-to-fail" U.S. banks that were saved by government succor have accrued more than a $1 trillion of savings since 2008 — a record amount of cash holdings on corporate balance sheets. The U.S. now adds $160 billion in new economy activity every quarter and $1.33 billion every day, according to Gross, real proof that fears of an American decline are greatly exaggerated. The moral of the article is, stop swolling this bullshit fear mongering propaganda.Look at the real economic figures, The US economy is going through a slump similar to japan in the 1990's. Of course there is a massive debt but it is being blown out of proportion. Base your assumptions on real data not idiots preaching meltdown. |
Anonymous Coward User ID: 11314227 United States 05/09/2012 01:56 PM Report Abusive Post Report Copyright Violation | Re: US Economic meltdown is a FALLACY , Mainly Fear Monerging and Political Propaganda exports have grown? if you're talking about factories and jobs I believe you're right. You even quoted the "banks have amassed 1 trillion, thats great for the average citizen.
GLP is over run with idiots nowadays. |
Anonymous Coward User ID: 10495403 United States 05/09/2012 02:11 PM Report Abusive Post Report Copyright Violation | Re: US Economic meltdown is a FALLACY , Mainly Fear Monerging and Political Propaganda dipshit..they just announce the shutdown of the twinkies plant and lay off of 18000 employees.
if that aint doom then i can't imagine what would be. |