Wow! That supply-side economics works like a charm, doesn't it?
From today's washingtonpost.com.
Yes, you read that right, folks. This downturn compares with the one in 1982, which was supposedly caused by Jimmy Carter, and his damned high interest rates. Only... interest rates aren't particularly high, the money supply hasn't been tightened, and inflation hadn't supposedly been a major factor leading up to it... Hmmm... mysterious...
This is all about supply-side, folks. Read my post at Please Cut the Crap Later today, and I'll explain it to you...
In the meantime, thank God the Democrats are running things.
From today's washingtonpost.com.
The 3.8 percent decline in gross domestic product from October through December compares with a 0.5 percent decline in the previous three months, and modest growth for the first half of the year. For all of 2008, gross domestic product -- a broad measure of the goods and services produced by the economy -- rose 1.3 percent, compared with 2 percent the year before. It is the weakest showing since 2001, when the aftershock of the collapse of the technology industry and the Sept. 11 terrorist attacks held annual growth to just 0.8 percent.
Yes, you read that right, folks. This downturn compares with the one in 1982, which was supposedly caused by Jimmy Carter, and his damned high interest rates. Only... interest rates aren't particularly high, the money supply hasn't been tightened, and inflation hadn't supposedly been a major factor leading up to it... Hmmm... mysterious...
This is all about supply-side, folks. Read my post at Please Cut the Crap Later today, and I'll explain it to you...
In the meantime, thank God the Democrats are running things.
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