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To: GOP_Resurrected
Dear "Everything in the economy is great" crowd.

Did you bother to notice the economy is still shedding jobs?

Hate to burst the bubble of wishful thinking but this quite probably is the high point as we slide into the 2nd part of a W shaped recession.

14 posted on 01/29/2010 8:38:58 AM PST by MNJohnnie ("The trouble with socialism is that eventually you run out of other peoples' money" Lady Thatcher)
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To: All
Real GDP boomed in Q4 and suggests continued strong growth in 2010. If this is a "weak recovery" or "the new normal," please give us more.

I suspect, as do many other commenters, that Q4 GDP numbers will be revised down, as have others recently. Q3 state and local sales tax receipts remain strongly down (http://www.rockinst.org/pdf/government_finance/state_revenue_report/2010-01-07-SRR_78.pdf), and until these figures and others start to show improvement, I'm not ready to join the recovery cheerleading. We all want to see it, but it isn't here yet, and a possible surge in energy prices triggered by continued cold in the northern hemisphere could act as a further drag.

23 posted on 01/29/2010 9:08:53 AM PST by Spartan79
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