10/30/2003

7.2% 3 Qtr GDP??? Holy Shit!!!

Best since 1984, and "you know who" was president then. After the Reagan tax cuts. Shhhh, don't tell Liberals that tax cuts work.
Simply great great news and it is 7.8% if you discout inventories (inventories are subtracted from growth when they compute the numbers). But look how Reuters spins all this into a negative: "UPDATE - US jobless claims fall, employment costs rise". The always Left will spin this as the worst possible news. It is amazing. Jobless claims are down too, but not by much. Unemployment will drop to 6% or 5.9% on November 7. Look for a big number in December. A large part of the number is exports, and the Left spin on this is that we manufacture nothing. Mexico manufactures and we "put the stuff together" and this GDP is a fake. The Left dominate the media and get ready for them. Do NOT look for a repeat of this number for the 4th quarter.

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