I can't help but be fascinated and concerned by what's happening in Washington these days. I heard over the weekend that with the passing of the stimulus package the Federal governments share in the GDP of the United States goes up. What's the GDP? Its one of the measures of national income and output for a given country's economy. It is the total value of all final goods and services produced in a particular economy; the dollar value of all goods and services produced within a country’s borders in a given year. I'm certainly no expert on such a thing but what I heard is that for the past 20 years the Gov't share in the GDP has ranged anywhere from 17%-22% in any given year. Probably higher than I expected but ok. With the new stimulus package in place and the government taking a huge part in the auto industry and banking, the gov't share of the GDP goes to, get this, 39%. Looks like we're running headlong into socialism. I'm not saying there weren't some serious issues with corruption, greed and such but I've never been a big advocate that bigger gov't is the answer. I guess time will tell.
The other thing that is happening is all those folks he's trying to put around him. I guess it is best explained by this cartoon I got today.
But I guess its only been 30 days. We should give him a chance. It's the debt he's given my grandchildren that I'm concerned about.
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