Actual 3Q GDP Growth below 1%

[edhopper]

http://bigpicture.typepad.com/comments/2006/10/gdp_01.html

The 3Q GDP was reported as a poor 1.6% it was probably closer to .9%!
There is a discussion if the BEA could really manipulate the numbers. But it looks like they pushed them a bit. Accepting a 25% growth number in auto manufacturing in the face of plant closings seems illogical
The fact is the Economy is much worse than the already anemic numbers show. Of course this won't be revised until after the election and the MSM will keep a lid on this story.

[porphyrian]

1. Voodoo Economics Will Never Work.

Why in the fuck do these stupid fucking republicans keep dragging this piece of shit Windows 98 of fiscal policy out of the garbage?

Edit: I can spell, and I can click the Check Spelling button, but I choose not to on occasion.

[edhopper]

3. Are you refering to

"trickle down economics"? I think the slow down is more due to the housing bubble burst. Not that W's tax and fiscal policy hasn't been a disaster.

[porphyrian]

4. It's part of the same chain of causation. - n/t

[bluestateguy]

2. Growth recession

nt