GDP growth was 3.3%. Projections were for 1.9% growth. Stock market is up, the value of the dollar is up, the price of oil is down, and goods are selling faster.
But if you watch the alphabet networks, you might still be under the impression that we are headed for, if not actually in, a recession. Why? Because they are leftists and a good economy makes the party in power (hint: starts with “R”) look better, and then they may do better in the upcoming election. Also, they think news of America getting stronger won’t be as interesting.
Yup, it’s a recession alright. Nevermind that if you were listening to conservative (read: non-broadcast non-alphabet networks) or even objective reporting, you saw that it was dicey for a minute, and there are rough times ahead still, but it was only (going to be) a slowdown and the economy is going to pick up toward the end of the year. You would also know that it was the Democrats in Congress who started the current slowdown in the US economy (by regulating some of the economy, not leaving it alone, by the way). But you wouldn’t know what was happening on American Idle, so of course the above is news to you, and probably a pack of lies. Remember to vote for Obama in the general election this December!
If it gets you to stop spending more money than you make, though, go ahead and think it’s a recession. Yeah, it’s a regular depression. Right. Everybody panic. Right. Faster than expected growth. Look out, it’s 1932 all over again. Right.
We just won’t talk about a national debt of $9,000,000,000,000. That’s okay as long as the food gets to the supermarket, right?