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Tabacco’s All-Time No. 30 Hit @Blog-City: 15,637 Hits – GPI (GENUINE PROGRESS INDICATOR) Vs. All Other Economic Indicators: Only GPI, Not GDP, Tells The Whole Truth! That’s Why GOP & Dems Won’t Use It! GDP Treats Crime, Pollution, Medical Expenses, Home Repair Bills As GDP Pluses – GPI1 of 2 – RI10

Economists, policymakers, reporters, and the public rely on the GDP as a shorthand indicator of progress; but the GDP is merely a sum of national spending with no distinctions between transactions that add to well-being and those that diminish it.

“A rising tide does not necessarily lift all boats—not if the gap between the very rich and everyone else increases. Both economic theory and common sense tell us that the poor benefit more from a given increase in their income than do the rich. Accordingly, the GPI rises when the poor receive a larger percentage of national income, and falls when their share decreases.”

Tabacco: People, who cannot afford to buy Stocks & Bonds, generally do NOT follow the Markets. If you cannot sign your name to a personal check which will clear – greater than or equal to $1-million – all that Growth indicated by the GDP is NOT YOURS! None of that “Growth” affects you in any way. If it belongs to Trump, Bush and the Koch brothers, not in your bank account or pocket, it does you no good. This Process has 3 names, which have become dirty words: “TRICKLE DOWN”, “CLASS WARFARE” & “REDISTRIBUTION OF WEALTH” – you’d better relearn those terms and verbalize all three early and often! Continue reading

Posted in Bush, class war, compromise, deregulation, disaster capitalism, GOP, hypocrisy, illicit drugs, knowledge is power, Obama, outsourcing, political ping pong, Politics, socialism4richcapitalism4poor, sophistry, takebackamerica, warpeace | Tagged , , , , , , , , , , , | 2 Comments

One More Example Of What Happens When Capitalism Gets Deregulated: FREDDIE MAC Places Wall Street BETS Against Homeowners That Pay Off If & Only If Lower Renegotiated Mortgage Rates Are PREVENTED – But Republicans Want DEREGULATION FOR CORPORATIONS Like This One! Now You Know Why!

Freddie Mac, the taxpayer-owned mortgage giant, has placed multi-billion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates. Continue reading

Posted in Bush, class+war, compromise, deregulation, disaster+capitalism, GOP, hypocrisy, knowledge+is+power, Obama, political+ping+pong, Politics, socialism4richcapitalism4poor, sophistry, takebackamerica, warpeace | Tagged , , , , , , , , , , , , , , , , , , , | 3 Comments