Home > American Society, politics, World Issues > GDP Gross Domestic Product : The New American Lie

GDP Gross Domestic Product : The New American Lie


If you have a brain, you should be scratching your head at the new U.S. GDP published by our government.  It’s not rocket science to know that someone is “cooking the books”.

Our government claims that the GPD GREW by 1.6% in the second quarter of this year.  That is IMPOSSIBLE!

Lets take a look at just a few of the headlines during this quarter.

New housing starts at lowest level in history:  Bloomberg News

Housing services represent 13 to 18% of our GDP :  National Association of Home Builders

So we know that 18% of our GDP is crashing to its lowest levels ever!    That alone should tell you the new GDP numbers are a lie.

How about the automotive industry?

The auto sector accounts for nearly 4.0 percent of the U.S. economy : Reuters

How is that sector doing?   This graph shows our auto industry in real terms:

We all know that there has not been a rebound in auto sales.

How about the other sectors, their percent of GDP and their health?

Information Technology : 8%  :   Down

Retail : 19%  :  Down

Manufacturing :  19%  :  Take a look at the graph below:

We all know that employment figures have not rebounded since the start of this “epression“.

There is only one segment left that could be rescuing our economy.  Only one industry that can be warping the GDP from the real 5 – 10% downturn to a 1.6% increase.   Bullets and Bombs.

If you take a look at the official government release on our GDP : The Bureau of Economic Analysis : you can see the one paragraph that tells the true story.

Real federal government consumption expenditures and gross investment increased 9.1 percent in
the second quarter, compared with an increase of 1.8 percent in the first.  National defense increased 7.3
percent, compared with an increase of 0.4 percent.  Nondefense increased 12.9 percent, compared with
an increase of 5.0 percent.  Real state and local government consumption expenditures and gross
investment increased 1.2 percent, in contrast to a decrease of 3.8 percent.

Our Government is now holding up our economy through the business of WAR.  I don’t consider war as part of our Gross Domestic Product, but according to our government, our GDP is growing thanks to the bullets and bombs.

ITIA

Advertisements
  1. No comments yet.
  1. No trackbacks yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: