There’s still much for Zippy the Commie to do.
I only turn on cnbc when Mr. Santelli is likely to be on, and Mr. Griffith as well. The rest, including the ‘money honey’ can take a hike.
No where close. We still have four years to get to Zimbabwe.
Obama’s economy is really running at the BEST it can right now, which is quite pathetic. He’s got the Fed printing $85 billion a month and is shovelling it out through Gov’t as fast as he can. According to foolish Keynesian Central-Planners like Obama, things should be going gangbusters.
What to watch out for is how BAD an Obama economy can be. There’s a lot of downside with ideologue socialists following fantasy.
The Euro-peon-ization of America rages on!
GDP has been overstated for at least the last six quarters and scarier still a Q4 .1 % contraction is also inflated after adjusting for government spending. In Q3, government was 35% of GDP growth while it has historically accounted for around 13% of the economy. Now look at national debt as a percentage of GDP. Growing from low 60% in 2008 to low 80% currently. Levels previously seen only in the years right after WWII. Throw in some under reported inflation figures and we could be wishing we were just another PIGS!
Stevie, when you spend more, that's not a reduction. It doesn't matter that you wanted to spend 15% more than you spent, you spent more, so you didn't reduce spending.
Is that really so hard for you to understand, Stevie?
This morning ABC radio news had an expert who excused the low number saying it reflected a major cutback in defense spending. Anyone know if this is correct?
What’s problem, the Market is at an all time high.../sarc.
Ummm, we WISH we were only as bad off as Europe...