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Buffett Boosts Own Morale with Hypocrisy

DHWood Wrote: Dec 01, 2012 11:59 PM
Time to step away from your computer and turn it in to the save the people from killer oil authorities, as much of your computer required oil to be made. See you later, so glad you're not a hypocrite.

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