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Dems and DEMS; Did You Hear About the GDP? Bet Not!

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Bloviating Zeppelin: Dems and DEMS; Did You Hear About the GDP? Bet Not!

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Monday, October 31, 2005

Dems and DEMS; Did You Hear About the GDP? Bet Not!


There are Dems and there are DEMs.

We all know the Dems are Democrats. What's a DEM? My new name for the MSM (Mainstream Media), the DEMs: Defeatist, Elitist Media.

The world is cracking; Bush's approval rating is the lowest of anyone, ever (a lie). Global Warming will cause oceans to rise a foot next year (a lie). Everyone in the Bush Administration is being indicted (a lie -- and Libby's indictment is pretty flimsy -- like I can remember what I had for dinner last Thursday). Everything is BAD and getting worse! It's all because of that evil, deadly, uncaring, contemptuous, arrogant, warmonger Bush! Arrggh! We're all gonna die!

What a load. How about this:

WASHINGTON (Dow Jones) - Growth in the U.S. economy picked up in the third quarter to a 3.8% annualized rate, the Commerce Department said Friday.

Or:

Economists surveyed by Dow Jones were expecting GDP to increase 3.6% in the third quarter.


Economists said the report shows the economy in good shape before the hurricanes struck the Gulf Coast. But they said the jury was still out on the impact of the storms.


Stocks rose after the report was released.


Bonds were initially lower on the faster-than-expected growth rate.


Inflation cooled down. Core consumer prices increased at a 1.3% rate in the quarter, the slowest quarterly increase since the second quarter of 2003.


That report was issued Friday, October 28th. Today, US incomes grew by 1.7% in September. Per gallon gas prices have dropped, in Sacramento, Fornicalia, by 15-cents in the last week, to an observed $2.62.

My question: were you aware of this? Did the DEM alphabet networks scream it? Big newspapers make it their top of the fold headline?

Aw, heck no; that would give some kind of credence to the Bush Administration and, for gosh sakes, we sure can't have that!

DEMs: Defeatist, Elitist Media.

By the way, steal my DEM logo and use it everywhere applicable.

5 Comments:

Blogger Mahndisa S. Rigmaiden said...

10 31 05

Well you told the truth, as much as it will hurt some, it needs to be told! Thx and I highlighted your site on my blog roll update for the week! EXCELLENT MOTTO! ha ha ha.

Mon Oct 31, 09:11:00 AM PST  
Blogger Bloviating Zeppelin said...

Mahndisa: Hey, thank you! I am quite honored!

And steal the logo for insertion into any- and everything you write. Send it to friends. Send it to enemies. I'd like to start a tidal wave of DEM logos showing up everywhere!

Mon Oct 31, 09:15:00 AM PST  
Blogger bigwhitehat said...

The New York Times: All the news thats fit to complain about.

How often do you say to yourself, "Hmmmm wonder if that is true?"

The old guard media needs to die with Cronkite.

Mon Oct 31, 10:33:00 AM PST  
Blogger Bloviating Zeppelin said...

BWH: I ask myself that question all too frequently: is this information correct? Has it been backgrounded? Is there more than once source or is this some form of agenda-driven hearsay?

The DEM should wonder no longer why blogging and bloggers exist, and why they have more power. And why newspapers are losing ground, and TV news as well -- uh, except for Fox.

DEM seem to think they have a death-grip on what constitutes news and are not about to brook any form of competition from us pajama-wearing bloggers -- the nerve of us!

It's all about Dems AND DEMs.

Mon Oct 31, 11:15:00 AM PST  
Anonymous Dave said...

GDP is an indication of spending on the US soil.

Interesting post. The funny thing is that small businesses are suffering right now, the average workload has gone up while pay has stayed the same, more people are cash poor, but, hooray!, the GDP is up so there must not be a recession, right?
Then again, it could be the big corporations posting big profits bringing the average earned per head up and skewing the distribution. Naw that couldn't be it. Raw numbers are never misleading. It's the people who put meaning to the numbers that mislead, right?

Kind of how the news of various oil companies posting big profits, while most of us grit our teeth when we fill up our tanks. How can they post profits while my spendable income goes down? I understand the law of supply and demand, so it is easy to see how, ie supply goes down, demand goes up, prices goes up, profits goes up -- simple. But using that example, it is easy to see how a corp showing a profit, and by extension the GDP, is in direct opposition to how the people feel the economy's weight.

Also, don't forget Government spending accounts for approx 15% of the GDP (ref: motley fool @fool.com), ... has the goverment increased spending this year (last month *coughhurricanescough* past year *chokeiraqgasp*)? And what did the BEA report? "Real disposable personal income decreased 0.9 percent after increasing 1.5 percent in the second quarter." "Federal government spending increased 7.7 percent."

And its analysis:

"The higher GDP growth rate in the third quarter resulted from inventories—which continued to be drawn down, but at a slower pace than in the second quarter—and from faster growth in consumer spending and Federal government spending. These were partly offset by a slowdown in exports. Inflation, as measured by prices for domestic purchases, increased 4.0 percent in the third quarter after increasing 3.3 percent. Excluding food and energy, prices increased 2.2 percent following a 2.1-percent increase. Real disposable personal income decreased 0.9 percent after increasing 1.5 percent in the second quarter."
ref: http://www.bea.gov/bea/newsrelarchive/2005/gdp305a_fax.pdf

Now, let me see if I have this correct: inventories are up, spending is up, disposable income down, inflation up, prices up.

And another not on the above list, savings is down. I would quote an article, but would you believe one from the MSM? So, on this assumption, we are spending more, saving less and the economy is good?

Is the weather nice up there on your ivory tower? The streets are calling... and they want to some of your optimism.

Tue Nov 01, 03:17:00 PM PST  

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