> Obama Regime Report < Obama Regime Report: "GDP Down 6.1%, Reflecting Continuing Economic Woes" -Gimme a big "Doh..".....

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Tuesday, November 24, 2009

"GDP Down 6.1%, Reflecting Continuing Economic Woes" -Gimme a big "Doh..".....

It's a simple fact, as much as I wish it weren't true,  that this is what happens when you scare the bejeesus out of small business owners and corporations who, get ready for this economics 101 secret.....provide American's our jobs.

Anyone should know that when the only new jobs created are within or directly for the Obama  led government, the economy tends to suck..and will for as long as the national debt looks more like the distance between the sun and the earth, which is only 94 million miles, so with the debt projected by Them to be 13 trillion, or thirteen hundred BILLION DOLLARS,  the astronomical number this morning Americans are looking at after waking up to then go to work for those who won't.

Just for kicks, the height of a stack of  only a piddly 1,000,000,000 (one billion) of  nearly worthless one dollar bills measures 358,510 feet or 67.9 miles. And that would only reach from the Earth's surface into the outer layer of the Earth's atmosphere.

That's an awful  lot of dough we can never pay back in even the brightest of projections (outright lies really) so I guess "it's the problem for all the dumb kids to worry about later after we're long gone" they obviously figure on that side of the aisle..

I guess no one sent those little memos to this guy....

They don't call 'em "tax and spend liberals" for nothing .....
GDP Down 6.1%, Reflecting Continuing Economic Woes 

 CNBC.com: "The U.S. economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter as exports and business inventories plummeted.

The drop in gross domestic product, reported by the Commerce Department on Wednesday, was much steeper than the 4.9 percent annual rate expected by economists and followed a 6.3 percent decline in the fourth quarter.

GDP, which measures total goods and services output within U.S. borders, has now dropped for three straight quarters for the first time since 1974-1975." continued


The urge to save humanity is always a false front for the urge to rule it. H. L. Mencken

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