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Ed Morrissy at Hot Air always watches federal government statistics and economic reports, providing a good, easy to understand explanation. Today, the U.S. Census Bureau announced orders for manufactured durable goods in January declined 4 percent.
This is a GDP number that is down 55 percent from the first quarter. Will Vice President Joe Biden’s Summer of Recovery tour be canceled, or will he just change up the play list? Has the Associated Press displayed their bias with the first paragraph re-write of the GDP numbers story?
During the past decade, there has been this push to change the definition of words. Don’t like the definition of marriage? Go change it. How about the definition of an expulsion? When I was in high school, if you got expelled, you were expected to never step foot on campus again, period. These days, a…
Not good for the Obama campaign at all.
Ouch. The US Department of Commerce released the advanced estimate 2011 gross domestic product numbers this morning. If you expected 2011 to be better than 2010, sorry .. we fell short … by quite a bit.
Business Insider claims the GDP figure released earlier today is warped by the huge spike in auto sales in August. The report from the Bureau of Economic Analysis’ own report say 1.66 percent of the 3.5 percent growth was specifically due to Cash for Clunkers.