In response to:

Buffett Boosts Own Morale with Hypocrisy

D G Wrote: Nov 30, 2012 12:13 AM
The quarterly increase of 2.7% annual rate for real GDP was largely the result of inventory shifting. ...... Consumer spending was up only 1.4%..... Business investment decreased 2.%...... Stagnation continues. Since the election, over 1.2 million people have been laid off according to Weekly Unemployment Claims Report, Dept. of Labor. (3 most recent weeks).
SandyJ Wrote: Nov 30, 2012 6:29 AM
And how many are having hours cut because of healthcare costs? That's going to hurt many along the way.
karpe diem Wrote: Nov 30, 2012 1:25 AM
that is why they say there are lies, damn lies and statistics.
Ouklip Wrote: Nov 30, 2012 3:56 AM
The truth, we are in serious trouble. The interest will soon kill us but Pres O will be enjoying hid pension by then.

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