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Is Obama trying to destroy the economy?
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Is this the plan of Obama and his communist buddies?
Yes and bring on the one world government!
42%
 42%  [ 9 ]
Yes and Obama is Jimmy Carter's step son called Obamaflation
4%
 4%  [ 1 ]
No...the economy is about to turn around.
9%
 9%  [ 2 ]
No...keep printing money until it runs out, then we will have Obama money!
19%
 19%  [ 4 ]
I don't care because Obama is my God.
23%
 23%  [ 5 ]
Total Votes : 21

Author Message
mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Wed Dec 23, 2009 6:28 am    Post subject: Reply with quote

Kuros wrote:
mises wrote:
Ya-ta Boy wrote:
How many people predicted a year ago that the US economy would grow 3+% in the third quarter this year?


Yeah, I could post a bunch of links pulling the data apart (actually, I've already done so) and exposing the assumptions (GDP isn't "reported" it is modeled and then revised) as nonsense. But you'd not read them and anyways would see them as deviations from the official view of Hope and Change.


Mises' remark is vindicated. The actual official GDP growth is 2.2%


Thanks Kuros.

70% of the 2.2 (which has one or two revisions left) was cash for clunkers. Not exactly sustainable or representative of a recovering economy.
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