Me thinks you're closer to being right than Kudlow. 
Everytime I go to buy gasoline or groceries or clothing or just about anything else I'm continually confronted with the lies my government keeps trying to sell me.
Posted on 05/06/2008 7:31:34 PM PDT by Kaslin
President Bush may turn out to be the top economic forecaster in the country.
About a month ago, he told reporters, "We're not in a recession — we're in a slowdown."
At a White House news conference a few weeks later, despite the fact that reporters pressed him to use the "R" word, Bush refused.
And last Friday, after the most recent jobs report — which produced a much-smaller-than-expected decline in corporate payrolls, a huge 362,000 increase in the more entrepreneurial household survey (the best gain in five months) and a historically low 5% unemployment rate (4.95%, to be precise) — the president told reporters:
"This economy is going to come on. I'm confident it will."
We're in the midst of the most widely predicted and heralded recession in history. Problem is, so far it's a nonrecession recession. Score one for President Bush. In an election year, it could be a big one.
First-quarter GDP growth came in at 0.6%. It wasn't the widely predicted decline, and economists expect that number to be revised up. Gross domestic product growth for the fourth quarter of 2007 was also up slightly, while the prior two quarters averaged over 4% growth.
"It seems unlikely," says Stanford professor Robert Hall, who heads the recession-dating committee at the National Bureau of Economic Research, "that we would ever declare a peak date when real GDP continued to rise."
(Excerpt) Read more at ibdeditorials.com ...
no, because many people (wrongly) think the
economy is doing badly.
Everyone is hiring in Dallas/Fort Worth. What slowdown?
the economy probably looks pretty great from where Kudlow sits. I don’t care what the economic numbers say, a lot of people are struggling with $4 gas and skyrocketing food prices right now, and denying that by pointing to esoteric numbers just makes Kudlow look out of touch. If the GOP goes with a “don’t worry, be happy” strategy this fall, they will go down in flames.
Yep. Corn. Move aside Jed and Granny your texas tea is a thing of the past.
Gas prices high, dropping value of the dollar, high paying jobs being transfered overseas, “creative” mortgages coming due, ethanol production driving up the cost of food (among other things), tax and spend Democrats control Congress and maybe the President (next year), Iran, Iraq ...
Not exactly good conditions for a thriving economy.
Hey, in spite of all of this the economy still isn’t terrible shape.... yet.
Very well said. People like Kudlow and Limbaugh have nothing to worry about. They just keep flinging their pom pons around spouting numbers that don't affect the price of my propane, electricity, milk, cheese or gas.
I’ll bet that he is an “ethanol person.” LOL. Been drinking too much of it I bet.
For now, the GOP has lost its ability to inspire the population. Their anemic vision will greatly hurt them this fall. Voting will not be pleasurable this year.
High prices are not reflective of a bad economy. That’s what causes the disconnect between economists and people struggling to make ends meet. Economists think in terms of classic definitions and macro trends. We think in terms of empty wallets and running out of money before we run out of month.
“Consumer confidence” seems to be important to Economists.
Reflects American’s buying power which is taking a beating these days.
Our economy depends, at least in part, on consumers consuming.
Disclaimer: not an expert.
I’m a fan of Kudlow, but he’s delusional here... Joe Six Pack does not care about the GDP or any other of these fancy economic numbers. It’s the gas, stupid.
It doesn't get any worse than Obama, Pelosi, and Reid. What a trifecta. We will be looking for Rangel and Kennedy to save us from total Marxism. Maybe we could swim to Cuba to have a better life.
Me thinks you're closer to being right than Kudlow. Everytime I go to buy gasoline or groceries or clothing or just about anything else I'm continually confronted with the lies my government keeps trying to sell me.
no, because many people (wrongly) think the
economy is doing badly.
Depends on what you mean by “the economy.” If you mean that which the average American sees and feels when they buy food or feul, then you are the one who is wrong.
i read the wsj everyday.
“i read the wsj everyday.”
Congradulations.
anecdotal accounts of the faltering economy bore me.
because i have a liberal democrat female friend who
has been having a bad economy all of her adult life.
she’s well off. but she prefers gloom and doom.
Why are you here promoting the liberal media lies about a faltering economy? Oh, that’s right, you hate Republicans for choosing John McCain and are trying to do everything you can to give the election to Obama.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.