3rd quarter GDP revised...UP!

[GFB]

I know some of us believe bad news is held back, and shows up later in a revision, but if you're paying attention, this year brought continued revisions UPWARD.

3rd quarter GDP revised upwards to 3.9%


http://online.wsj.com/articles/u-s-thir ... 1416922352

[John in Plano]

Why isn't President Obama and the Democrats being congratulated on righting our economy ?

[GFB]

Why isn't President Obama and the Democrats being congratulated on righting our economy ?

If you think they did it..feel free.

[John in Plano]

If the numbers were going in the opposite direction President Obama and the Democrats would be getting slammed.

[GFB]

If the numbers were going in the opposite direction President Obama and the Democrats would be getting slammed.

They're getting slammed for being incompetent..and they got slammed on November 4th.

Economy or no economy, the American people know this President is bad news..it just took them too long to realize it.

(Geesh, another attempt by me to discuss economics..some people are just so...POLITICAL!)

[jellowrestling]

If the numbers were going in the opposite direction President Obama and the Democrats would be getting slammed.

They're getting slammed for being incompetent..and they got slammed on November 4th.

Economy or no economy, the American people know this President is bad news..it just took them too long to realize it.

(Geesh, another attempt by me to discuss economics..some people are just so...POLITICAL!)

That sums it up pretty nicely. The honeymoon is over, the scales have finally fallen from their eyes, and the American people finally understand that the system has self-correcting mechanisms which it is difficult for even someone as incompetent as the current POTUS to undermine. There is a reasonable chance that the next President will actually be competent, and we will see a roaring recovery. Those who refuse to see Obama for what he is, of course, will remain delusional and say that Obama's plan is finally kicking in. The will say something like, "Now that Obama is gone, the racists are no longer keeping the economy from improving.

[planosteve]

There has been no real recovery and there won't be one. All there has been is an orgy of spending and money printing. The next crash is right around the corner regardless of what the govt. does.

[GFB]

There has been no real recovery and there won't be one. All there has been is an orgy of spending and money printing. The next crash is right around the corner regardless of what the govt. does.

Thank you, Mr. Good News.

[GFB]

There has been no real recovery and there won't be one. All there has been is an orgy of spending and money printing. The next crash is right around the corner regardless of what the govt. does.

Thank you, Mr. Good News.

.. and we 'll NEVER recover?

Should we all just leap from the nearest ledge ?

[planosteve]

There has been no real recovery and there won't be one. All there has been is an orgy of spending and money printing. The next crash is right around the corner regardless of what the govt. does.

Thank you, Mr. Good News.

.. and we 'll NEVER recover?

Should we all just leap from the nearest ledge ?

Might be a good idea for those that can't handle the truth.

[GFB]

Was that your Jack Nicholson?