A Counter to the "Real" Economic story

Hello everybody, today I would like to bring up a "Real" Story on the Economy. Well, obviously it is not real, most of it is just a lie. The story was posted on the La Canada Young Democrats blog, and my job today is to counter that statement because I have been challenged by Democrat to do so. I will start by countering the very beginning of his story, to summerize it, it blames Republicans for giving Obama the 10 trilloin dollar debt and the Iraq War. Here is my counter, the $10 trillion is a number that accumulates after adding together all the promisies the government made whenever Democrats were in office such as Social Security during Franklin Roosevelt's presidency and Medicare during Lyndon Johnson's presidency. The Iraq War was neccesary, it was a matter of national security and is more important than anyother matter. Safety First! The War added about $2 trillion to the debt. The next point made by the Democrat's is that they think Wall Street investors don't use the GDP (Gross Domestic Product) because it is "too infrequent". This is wrong because those investors do use the GDP, for goodness sake it is the economic chart for this country. But, it is flawed, it isn't that investors aren't using it, they are, but they shouldn't be and I will tell you why. The GDP is missing to major parts of our economy, 1) food and 2) energy. This is why they get a false reading and that is why things are looking good for the Dow Jones, because it is not including the suffering energy industry and the food industry. In my opponent's argument the leading indicator is not specified, in fact the leading indicator is usually measured by bonds and yields which have proven over the past to not always be correct. So who is to say that this climb in the Dow Jones is correct or not. It can very well mean that we can dive into a second low which will have more consequences to it. I must admit though unemployment is a common lagging indicator but it will only follow what it is being lead by. Now, that "fact" about jobs, that more are being made the lost is a complete lie. From September 2008 to February 2009 unemployment has risen from 6.2% to 8.1%. And today all you have to do is turn on the news to here that unemployment have reached double digit numbers. So, it is a complete lie when someone say that we are making more jobs than we are losing because the numbers dont lie. Now with all of this in mind plus the mounting promises that Democrats are making, such as their version healthcare reform, will overwhelm them whitin the next 18 months and result in multiple victories for the Republicans in the House of Representitives and in the Senate. Which will put a hault on Obama's socialitistic policies and eventually lead to a 2012 victory for the Republicans. About that last little paragraph in my opponent's statement about short term gains are true, they are and will always be short term gains. The best examples of that is "Cash for Clunkers" program. For the duration of the program, auto sales were doing great, once the program ended on monday, within that week, many auto companies reported a 50% drop in sales, which hurts the current indicator (which is measured in the company stock) which will effect the lagging indicator (which is unemployment) and cause unemployment to go up. If you have read this whole statement and are reading this sentence now, well than, I am impressed. I would like to congradulate you for reading this statement and gaining more knowledge abot Our Country's Real Economic Story.

The Young Republicans of La Canada Flintridge