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Message: US GDP

US GDP

posted on Feb 03, 2010 02:42PM

Another reason why I beleive the US GDP stat is laughable is the fact that interest rate charges on consumer credit cards is added into it. Yep, no doubt the credit card companies jacking there rates up before new US legislation is enacted restricting this loan shark practice added nicely to the US GDP.

US GDP is going up because the countries people are going further into debt or paying more interest. Interest that would do much more for the US economy if it was spent on the street rather than going to wall street and the parasitic finacial community. Ya that inspires confidence hahahahahahahahahahaahahahaha.

All in my honest opinion of course.

F.F.

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