What Does 1.2% GDP Growth Mean to You?

Tuesday May 1, 2007 I realized that I got so caught up in my blog yesterday about the similarity between 2000 and now that I neglected to explain the relevance of the low GDP growth rate. The BEA reported that the economy has slowed to 1.2% growth thanks to slowing residential construction, slowing exports, and slowing business spending. Consumer spending, at $8.3 trillion, is the main driver of growth.

What is the consumer spending more money on? I don't have to tell you that it is higher expenditures in such categories as food ($1.1 trillion), medical care ($1.3 trillion) and durable goods, such as cars and furniture ($1.2 trillion). (See BEA News Release: Full Release) What It Means to You That part I did ... more.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.