Sunday, August 02, 2009

still think american imperialism doesn't fund your experience?

Then just what are you experiencing?

From Floyd Norris writing for the NYT,
One area where that can be seen is shipments of durable goods produced by American companies. The rate of such shipments fell by more than 20 percent during this recession, and would have declined further were it not for increased production of weapons.

In no previous downturn since 1958, when the figures began being recorded, had the decline been as much as 14 percent.

The drop is all the more remarkable because such shipments rose at a relatively restrained rate in the preceding period of economic growth, particularly when military sales were excluded.
read the whole article here.

more from raw story here.

more from mish.

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