Originally posted by Drew
*sigh*
Bush's "desertion", just a smear tactic. It was a claim that was never proven true. And proven false IIRC.
about the defecit
http://factcheck.org/article.aspx?docID=148
About the tax cuts. Dont act like they havnt helped stimulate the economy. Thats why the defecit isnt as bad as the Dems make it out to be. "The most important measure is the size relative to the nation’s economic output, what economists call Gross Domestic Product or GDP"
im gonna have to research that a little more tho.
Um... GDP is a completely pointless measure of the economy. All it does is measure income, regarldess of whether it's positive or negative in effect. i.e. if a mine is opened, leeching sulpher and pollutants, and leading to the death & illness of nearby people and destroyin the countryside, it's all positive GDP. The mine generates money, the cost to clear up the countryside generates money and the cost of treating the patients for years of chronic ailments generates money.
'By the curious standard of the GDP, the nations economic hero is terminal cancer patient going through a costly divorce" (Atlanta chronicle)
THe GDP is practically useless nowadays - it was developed in the 1920s to measure pyhsical output (wood, potatoes, etc),. In any tertiary economy, ithe vast majority of GDP would come from services or non-substantial prodcuts like e-commerce, software, etc. And the value these contribute to the GDP can only be defined through rough guesswork.
