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Message Subject American Prosperity? GDP 31.8% in 2001- Down to 21.6% by 2011
Poster Handle Anonymous Coward
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:useconomy101:


Creating the illusion of economic growth is easy if you can print money. It’s a prank you can play on an entire country. Cut the value of the currency in half and the economy’s size will appear to double.

The only way to accurately measure changes in a nation’s economy is to do so relative to the world (see Notes for non-nerds below before protesting). According to the World Bank, the U.S. represented 31.8% of the world’s economic activity in 2001. By the end of 2011, that share had dropped to 21.6%, meaning America’s slice of the world economy is 32% smaller than it was a decade ago, and getting smaller every day. Note that America’s housing bubble did nothing to boost the U.S. on the global stage.

[link to acrossthestreetnet.wordpress.com]


Let's see how much the government can print this month and lie to us about how well we're all doing! Weeeeeeee
 Quoting: mrclean


Presuming there is no such thing as mutual economic growth then you might have a point.

That does not change the fact that the graph is rather misleading. What's wrong with making a graph starting at 0% instead of at 21%?
 
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