I felt the need to write about this topic because of the Corporate owned media reporting that the economy is recovering, when in fact, it is almost at a stand still.
According to the Trade Deficit, which is a measurement of economic growth, there has been a drop in exported items, and because this has occurred, the U.S. economic recovery has been slowed to a crawl.
The news of this alone has caused the economists to lower their economic outlook for the second quarter to a much grimmer prediction which means that they needed to cut the Gross Domestic Product (GDP) by at least 1%.
What does this GDP cut mean for future economic growth? It means that the U.S. can no longer rely on trade to help the economy toward recovering because the products that are still being produced in the U.S. are no longer in high demand by other countries that now have the ability to produce those products for themselves, which means less producing jobs for Americans.
With that said, I am afraid that we have seen better days, my friends, better days indeed, and now we are about to see the worst days unfold in front of our eyes, which will not be pretty.
I am including two videos for you to view.
I am also including one link for you to check out.
http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm
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