3Q GDP increase decreased again.
Remember that 3.5% growth in Q3? You know, the one that supposedly represented us bouncing back, and not in a dead-cat sort of way? Yeah. Not precisely: NEW YORK (CNNMoney.com) — U.S. economic growth in the third quarter was much weaker than the previously estimated, according to the government’s final reading released Tuesday. Gross domestic product, the broadest measure of the nation’s economic activity, grew | Read More »
Global Military Dominance?
Who needs that? Surely not us. One connection that’s not talked about often enough is that between economic superiority and military superiority. They obviously go hand in hand. Your two most prominent examples being how we marshaled our resources in the 40’s to defeat the Socialist Nazis and how we did so again in the 80’s to defeat the Communist Soviets. One involved bloodshed and | Read More »
Hiatt: ObamaCare Brings U.S. Closer to Bankruptcy
While the dollar hits a 15 month low, and gold hits an all time high, and the editorial page editor of the Washington Post (no less) is warning: “The bill also could take America a step closer to bankruptcy. And for progressives in particular — for those who believe that government has a mission to help the poor and protect the vulnerable — that prospect | Read More »
GDP = “Government Domestic Product”
Much was made of the 3.5% annualized GDP growth that was reported this week. The Bush-Blamer-In-Chief stated that the figures were “an affirmation that this recession is abating and showed the steps we’ve taken have made a difference”. Really? Have they made a “difference”? Have they accomplished anything that will last beyond the massive amount of American taxpayer money that has been thrown at the | Read More »
GDP fall nearly matches record. Oh, what could have been.
GDP falls much harder than expected: NEW YORK (CNNMoney.com) — The U.S. economy shrank at an annual pace of 6.1% in the first quarter — almost as much as it did in the fourth quarter of 2008, according to a government report Wednesday. The drop was much worse than expected. According to economists surveyed by Briefing.com, expectations were for a drop of 4.7% in gross | Read More »
The Truth About The Economy
Here’s some shocking economics for you… The US ranks #1 among all nations in terms of GDP. The nations that rank #2 and #3 are two countries that the US defeated in WWII and then rebuilt in America’s image: Japan (#2) and Germany (#3). Just the difference between the US at #1 and Japan at #2 ($9.4 trillion) is greater than the bottom 158 countries | Read More »
Foreign Trade, John McCain, and Barack Obama
First off: a heartfelt Happy Anniversary and best wishes for continued success to RedState’s good friend Rush Limbaugh. The headline from yesterday’s advance estimate of second-quarter GDP was that the US economy grew at an annual rate of 1.9 percent in Q2. This was disappointing news because private forecasters had been expecting a number well above 2%. Additionally, growth in each of the past three | Read More »
Nope, No Recession – Yet
Is the U.S. economy in a recession? The Democrats and the media have been saying so for a while, but the funny thing is, “recession” is a word and it has a meaning, and the fact that the economy is throwing off a lot of scary indicators and people in particular businesses or jurisdictions are losing jobs may mean the economy has problems, but it | Read More »