Gross Domestic Pain
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A Nov. 26 front-page headline states: “Economy Expands at Fastest Clip Since 1984” and the subheadline reads, in part, “GDP growth is revised up to 8.2%, thanks to business spending.”
“Oh boy!” the people say. “Let’s vote for Bush.” But think about it: The gross domestic product is up -- way up -- because it includes the $100 million a day the military-industrial complex is blowing on Iraq and elsewhere. Oh, by the way, the subheadline concludes with: “But hiring remains weak.”
Don Kurtz
Simi Valley
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