Thursday, December 24, 2009


Or possibly the lack of same.

I remember thinking, back in October when the press breathlessly announced that the economy was growing at 3.5%, that I wasn't seeing much evidence of this. I mean, shouldn't there have been an uptick in help wanted ads?

Sailor Curt found a fellow who thought the same thing, and was skilled enough to do some serious looking at the economy at the time, and he didn't find anything either. The number has since been revised down twice, and the official word is that the economy only grew at 2.2% in the 3rd quarter.

Better than nothing, though, right? Well maybe not. Karl Denninger is unknown to me, so his opinion carries as much weight as mine right now, but it may well turn out that he's an economic boffin of the first order. In any case, he appears to have done his homework, and continued to keep an eye on the official heralds of the government.

Here, for example, he notes that in the GDP report, it turns out that government growth was 8% in an industry that makes up 30% of the economy. This means that government contribution was 2.4% for the 3rd quarter, and the rest of the economy was down .2%, which is more in keeping with my own observations and reports on the gun shows.


Anonymous said...

Thank You!
Merry Christmas!!

Unknown said...

Really great blog!

As long as people vote democratic or republican, things will never change in this country and our quality of life will
continue to degrade.

As you know, the media and other controlling sources make us think that we only have two choices for
the presidency in our nation.

Did you know the first third party in our country was the anti-freemasonic party? They were
good people that stood against evil and offered our country a third choice for leadership. Leadership that stood against
the tyranny, suppression, and oppression that we face today.

We need real change and to get our nation off of the oil and corrupt pharmaceutical industry standard. Please review our
website, contact us with any questions or comments, and help us anyway you can.


Adam Vohrer
Vice President of C.C.R.G.

Citizens Committee for Restructured Government (CCRG)