China's economy has no blip at the same point in 2008 the USA has. Why? Because China's practices supply side economics and when there are recessions in places like the USA, China already has ready products to pick up where the USA recovery was beginning. We know for a fact the big box stores never even felt the Great Recession because their products are cheap.
Now, the income and wealth inequality occurs in huge and measurable ways because the bottom 80% or so never reap the rewards of their labor while they are the people that produced the goods and GDP.
The TPP wants to redistribute the wealth in the USA's GDP depriving the Working Poor and Middle Class in their claim to wealth.
...In 2007, (click here) the share of after-tax income going to the top 1 percent hit its highest level (17.1 percent) since 1979, while the share going to the middle one-fifth of Americans shrank to its lowest level during this period (14.1 percent).
Between 1979 and 2007, average after-tax incomes for the top 1 percent rose by 281 percent after adjusting for inflation — an increase in income of $973,100 per household — compared to increases of 25 percent ($11,200 per household) for the middle fifth of households and 16 percent ($2,400 per household) for the bottom fifth....
This article is from 2007 at the brink of the beginning of the Great Recession. Even before the Great Recession the wealth distribution in the USA was way out of balance.
That pie chart is actually worse today and promises to continue getting worse if the TPP is invoked.
The problem with any trade agreement is that it adds competition to the American market place. In the 1970s it was the Japanese car companies. As the population in the USA has grown and more quality is demanded from car manufacturing the competition became more level and today there is healthy competition. But, that competition came after the collapse of the industry in the USA and after it had survived the trade assaults of the past.
“This isn’t a business as usual recovery (click here) for the United States – the pace of growth is slow in historical perspective,” OECD Secretary-General Angel Gurría said during the Survey launch in Washington with Jason Furman, Chairman of the Council of Economic Advisors.
“Steadfast action is needed to implement the reforms that will bolster the economy’s growth potential and make it more inclusive and greener. In this regard, I particularly welcome President Obama’s recent announcement of concrete measures to cut carbon emissions.”
What this report identifies is the USA's late development of clean energy. The cost of the climate crisis is holding back the best economic outcomes of the USA.
When realizing the amount of RECOVERY and rebuilding the USA chronically is undertaking adds to the COST of products and trade in the USA. If there were trouble free economics that would be inaccurate to state.
Yes, there was climate distrubance before in Earth and USA history, however, the degree at which that disturbance occurs today in 2014 places the USA at a disadvantage right from the start in it's economic growth. The climate crisis is more than a drag on the USA economy, it is now impacting the USA national debt and inhibits THE BEST of the USA economy to be realized.
Eventually, the RECOVERY from the climate crisis in the USA will outpace military spending annually.
It is a foregone conclusion that the more money in the hands of the Middle Class the greater the economic growth of any economy. What happened in the beginning of 2014 that altered the economic growth of the USA?
This article is from 2007 at the brink of the beginning of the Great Recession. Even before the Great Recession the wealth distribution in the USA was way out of balance.
That pie chart is actually worse today and promises to continue getting worse if the TPP is invoked.
The problem with any trade agreement is that it adds competition to the American market place. In the 1970s it was the Japanese car companies. As the population in the USA has grown and more quality is demanded from car manufacturing the competition became more level and today there is healthy competition. But, that competition came after the collapse of the industry in the USA and after it had survived the trade assaults of the past.
“This isn’t a business as usual recovery (click here) for the United States – the pace of growth is slow in historical perspective,” OECD Secretary-General Angel Gurría said during the Survey launch in Washington with Jason Furman, Chairman of the Council of Economic Advisors.
“Steadfast action is needed to implement the reforms that will bolster the economy’s growth potential and make it more inclusive and greener. In this regard, I particularly welcome President Obama’s recent announcement of concrete measures to cut carbon emissions.”
What this report identifies is the USA's late development of clean energy. The cost of the climate crisis is holding back the best economic outcomes of the USA.
When realizing the amount of RECOVERY and rebuilding the USA chronically is undertaking adds to the COST of products and trade in the USA. If there were trouble free economics that would be inaccurate to state.
Yes, there was climate distrubance before in Earth and USA history, however, the degree at which that disturbance occurs today in 2014 places the USA at a disadvantage right from the start in it's economic growth. The climate crisis is more than a drag on the USA economy, it is now impacting the USA national debt and inhibits THE BEST of the USA economy to be realized.
Eventually, the RECOVERY from the climate crisis in the USA will outpace military spending annually.
It is a foregone conclusion that the more money in the hands of the Middle Class the greater the economic growth of any economy. What happened in the beginning of 2014 that altered the economic growth of the USA?
...After spiking (click here) in February and early March, prices have remained above $4 per MCF. In the past month, they've even ticked higher.
And the companies that supply natural gas are benefiting.
For example, oil and gas giant ExxonMobil recently announced its average U.S. natural gas sale price increased 49% last quarter. The price rise helped the company beat earnings estimates despite a drop in total oil and gas production....
What natural climate structure (and yes it is a gaseous structure) destabilized because of the lack of ice in the Arctic Ocean AND the movement of equatorial warm air to the Arctic Circle.
What natural climate structure is now returning frigid temperatures AGAIN to the lower latitudes of Earth?
Both years were experiencing the Polar Vortex displacement because of the hot air transport from the Equator to the Arctic Circle while temperatures over the Arctic Ocean have risen higher than any other location on Earth.
The Polar Vortex results in lower latitudes due to the heat transfer systems this blog has charted since October 3, 2002. The Arctic Ocean no longer has enough ice to 'counter' the heat transfer from the Equator, therefore as the hot air comes over the frigid air, it displaces the frigid air to lower latitudes.
Those actual and valid physics results DIRECTLY into economic shifts in the USA. When monies leave the hands of the American Middle Class it has a drastic outcome in other economic sectors. While Wall Street energy companies are happier than a pig in shit, the rest of the economy experiences reductions in economic gains. This is EXACTLY what OECD is referring to. The USA is not consistent in it's economic stability to qualify as a high income partner globally. The climate crisis is why and Inhofe is nothing more than a story teller for whomever wants to listen at FOX News.
What natural climate structure is now returning frigid temperatures AGAIN to the lower latitudes of Earth?
Both years were experiencing the Polar Vortex displacement because of the hot air transport from the Equator to the Arctic Circle while temperatures over the Arctic Ocean have risen higher than any other location on Earth.The Polar Vortex results in lower latitudes due to the heat transfer systems this blog has charted since October 3, 2002. The Arctic Ocean no longer has enough ice to 'counter' the heat transfer from the Equator, therefore as the hot air comes over the frigid air, it displaces the frigid air to lower latitudes.
Those actual and valid physics results DIRECTLY into economic shifts in the USA. When monies leave the hands of the American Middle Class it has a drastic outcome in other economic sectors. While Wall Street energy companies are happier than a pig in shit, the rest of the economy experiences reductions in economic gains. This is EXACTLY what OECD is referring to. The USA is not consistent in it's economic stability to qualify as a high income partner globally. The climate crisis is why and Inhofe is nothing more than a story teller for whomever wants to listen at FOX News.
