Mission Accomplished.
October 29, 2009
So, um, I guess this is sort of the Obama Administration’s version of standing on an aircraft carrier in a flight suit.
The U.S. Commerce Department says in a report that the recession is over, as the economy grew at a 3.5 percent pace in the third quarter.
Economists had expected a growth rate of 3.3 percent, but the report says government-supported spending on cars and homes helped boost the economy.
Granted, it costs a little less than landing a fixed-wing aircraft on a boat in the middle of the ocean, but I feel like we have, you know, the same level of reliability here.
Posted in Uncategorized
October 29th, 2009 at 11:56 am
Whew!
Glad that’s over. I guess we should be planning some kind of celebration in the streets.
One question though, does this mean we should stop blaming Bush now?
(Hope you are feeling better today Em)
November 1st, 2009 at 9:39 am
Inventories always start to increase in the 3rd quarter for the Christmas season and to supply the government which begins the rush to spend its remaining budget funds before their fiscal year ends. This is much more noticeable in a down economy.
Taxpayers borrowed $2,400 per car for the clunkers program most of which ended up out of the country, but all of it and more will be stripped from this country’s economy when the loan is paid back with interest. http://bit.ly/2OkQA1
70% of the economy is generated by the population. The population is still hemorrhaging jobs and assets while being saddled with unsustainable debt at loan shark interest rates. In the meantime, the government, while alleging to have saved 650,000 jobs with the stimulus, has imported 1,250,000 foreign workers.
A better indicator would be the over 400, and increasing number, of small banks that are in trouble. They are the ones who primarily finance the small businesses that employ the vast majority of the population. 9 more of them were shut down on Friday.
Don’t pop the cork yet.