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Re: zab post# 6917

Saturday, 03/02/2013 6:04:38 PM

Saturday, March 02, 2013 6:04:38 PM

Post# of 12232
<<"I am truly sorry you think that this economy is as bad as you think it is. America is on track to post almost 3 % growth in the GDPfor this year, and thats after We have had 52 months of continued job growth, maybe you need to just start accepting whats happening out there. Ever since the third quarter of 2009, America's GDP has been growing, thats over 13 straight quarters of growth. Thats not smoke and mirrors, that my friend is a recovery, in simple mathematical terms that have been measured for decades.">>

INFLATION IS NOT GROWTH!!!

A real-world case in point:

I know an owner of a local restaurant that has been in business for 22 years. He just recently filed for bankruptcy. His sales have been increasing every year the last 4 years around 5 percent even though his customer counts are way way down. This is because he has been increasing his menu and drink prices every 6 months or so to cover his increased food cost (up 40% the last 4 years) and his increased liquor costs.


How is this "growth" when he is serving less food and drinks than ever (?) and less customers are in his business than ever (?) and he is now bankrupt even though his total sales are steadily up the last several years?

INFLATION IS NOT GROWTH!!!!

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