As gas prices rise and inflation is settling in, will we call inflation growth?
Friday, May 7th, 2010 at
4:00 pm
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Filed under: Call accounting
What the Left refuses to understand is that the GDP always goes up when you crush the value of the dollar. We do this by ordering the Treasury to print more money. And who generates that order? You got it…President Obama.
Anyone denying this clearly skipped Econ 101.
Given that this recession has been a huge deflationary period, we needed a little inflation. They’ll still call it growth and get by with it until the hyperinflation from all the extra cash injected into the economy hits. I don’t see how they’re going to be able to suck it back out quickly enough to avoid it.
The GDP came from Cash for clunkers (1%) and I heard that the program ended costing the taxpayer $24,000 per car when it was all said and done. The other growth came from government spending.
Let’s see what happens next Quarter.
I’m sure inflation will not be mentioned at all.
By the way: Ever see so many we’ll buy your gold commercials in your life? How about the offers to sell you gold (plus a charge)? I wonder what all of that means to Liberals?
They probably haven’t noticed or these channels don’t run commercials like that on their stations.
The more 0bama announces the recession over, the quicker oil prices will rise.
Oil investors are like vultures on a high wire, peering down on the lemmings, just waiting for their chance to grab up more profits ! More ! More! More !
All the while 0bama is criticizing insurance company’s for their profits that rarely get to 10% in pretax profits.