Previous Part 4: PC & BJP
in 1992 US economy was $4trillion and when Bill clinton become president, he tightened govt expenditure and reduced its debts to zero, by the end of 2000 US economy was $10 trillions.
It is like your income growing from $100k to 250k in 8 yrs. Not only yours but all of the people, you know. But once the current govt came in 2000 and started spending and deficit increased economy grow from 10 to 13 tns in 8 yrs. Note US can export its inflation becoz of trade is in dollars. Like it can print more dollars and let foreign countries accumlate them. India can do same thing becoz of its size.
The current news ( feb-2008) is US inflation is 7%, it is related to Iraqi surge of 30k troops, who needs additional clothes, food, shelter, equipments and so ..on from the mainland, Note in 2003 ,when the war started , US was in recession and the economy grew out of that stimulated has war created. but in 2006 economy is strong but the politically correct surge, created high inflation. If not for surge, US might have had a soft landing becoz of housing problem.
Next : Part 6 Friendly Conclusion
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment