My post was not political. I tend to applaud or blame humans as a species, or individually, for their actions. As for the state of our government... I blame all sides. Especially those who make no attempt to even understand our form of government, let alone do something constructive to make the country better.jerryaxler wrote:We barely have a functioning government is a statement of fact or a political comment. Our economy is in worse shape than where Somalia? Is that a statement of fact or a political comment. It might be a good idea to discuss something with which we have some idea of the complexity of a situation, like rotating props. I stand by my original statement that we should be discussing boats,sailing and friends before allowing this board deteriorate to a political discussion in which we all know our point of view is the only true point of view.rorik wrote:Somalia and their piracy.... we barely have a functioning government here in the USA. And our economy is in even worse shape. What makes anyone think we could institute a functioning government and economy halfway around the world in a country with a completely different history and culture?
As for our economy vs. Somalia... we don't have any more money than they do. Our Federal Reserve bank is the single biggest buyer of US treasuries on the planet - to the tune of roughly $74 billion a month, every month. All of it goes to fund daily operations and interest on the debt. Our printing of currency at that rate fuels inflation around the globe. Which is fine if you live here and your average food cost is 10 % of your income. But in places like Somalia, Egypt, Tunisia,etc, food costs often equal half of a months earnings. So when inflation is 15%, they have to choose between eating and shelter.
Inflation in the US is not measured in the same manner now as when Carter was in office. If you do use those same metrics, we have roughly the same rate of inflation now as then - 15%. Not the 1-2% that the BLS tells us.
Unemployment accounting changed when Eisenhower was in office. Using the same metrics as were used in the 1930's... we have a national average unemployment rate of about 19%. And climbing.
The only thing keeping the entire US ship of state afloat is our ability to sell our debt. Keep in mind our FED is the biggest buyer. China has become a distant 2nd, and has even become a net seller of US treasuries. If we lost that ability, we would look just like any other "developing " nation. We would be broke overnight. I'm happy to get get graphs and charts if needed.