In response to:

Buffett Boosts Own Morale with Hypocrisy

Curtis104 Wrote: Nov 30, 2012 12:47 PM
Wow, Obummers class envy thing works really well! I don't really care what the rich are doing! Sure it would be nice to be so filthy rich that I don't have to worry about tomorrow, but , unless I win the lottery that isn't going to happen! What I really want is to be able to work a good enough job to live comfortably! But, even that is under fire with this jerk in office! This is Obummer's game, and he plays it well! How stupid are the American people anyway? Can't be too bright to let him play them like this!

The government revised upward its initial reading of third quarter GDP from 2 percent to 2.7 percent in a move that was widely expected by economists.

And everyone said “yawn.”

That’s because the GDP growth was more government puffery. The increase was borrowed or freshly minted money. The government merely accelerated spending, filing one hole, while digging another- deeper- hole, in Obama’s latest 60-year-same-as-cash financing offer.  

At least that’s what the markets have felt apparently- reacting with shrug to another wave of “good” news coming out of the government about how great things are for the folks back...

Related Tags: Hypocrisy