Numbers drive people crazy so let's keep it simple. The U.S. G.D.P. (Gross Domestic Product) is about 25% of the entire world's G.D.P. The European Union's G.D.P. is a little more than the U.S.'s but around 25% also.
So, still keeping this simple that means that the combined U.S. and E.U. G.D.P. is about half the world's G.D.P. (As a side note China is only 10% of the world's G.D.P. They're important, but not that important, yet!)
Now, with the understanding that half the world’s economy comes from just two great economic engines the U.S. and the E.U. it's important to the world that these two engines stay fiscally sound.
But when it's learned that 25% (E.U.) of the world’s economy has for years instituted fiscally unsound principles (Socialism) and that the other half (U.S.) is quickly adopting the same unsound principals (Socialism) the entire world should take notice.
It’s no secret that this straying from proven economic principles (Capitalism) is due to politicians' irresponsible leadership, self-interests, power grabbing, the buying of votes and outright thievery.
This is still a now one hundred year old battle between an already failed Socialist economic model and the economic model that’s brought the entire world to where we are today, Capitalism.
You may wonder why in the U.S. the current controlling leadership (Socialist) ignore any and all economic data. You may also wonder why they have never provided the American people a budget for the past four years.
Well, again keeping this simple, you can't compare apples and oranges, so they don't even try. This explains why the U.S. leadership (Socialist) ignored the unemployed while nationalizing nearly 18% of the U.S. G.D.P. by creating a national health system.
You see all economic statistics up to now are based on a Capitalist economic model, not a Socialist model; they can't be compared.
Example, a Socialist model compares numbers of how many people are being fed by the government (food stamps) while Capitalist models track how many people have jobs in the private sector. Unemployment numbers aren't important and have no meaning to Socialists, while the number of people relying on the government for handouts is very important. Are you starting to get this now? I hope so, because not only is the future of our country at stake, the future of the world is at stake.
Of course I could go on and on all day comparing the two, but I think you now know what I'm getting at. If the current U.S. controlling leadership (Socialist) is allowed to continue for another four years it very well could be the end of a quickly dying U.S. and world economy.
With luck, still keeping this simple, little spits of information like this one can trickle out to the masses to help correct an eventual decline into an economic and social abyss.
- N.P. Contompasis