tag:blogger.com,1999:blog-15329279.post3420618386102334790..comments2023-08-25T05:18:29.312-06:00Comments on Madville Times: U.S. Economy Grows 5.7% -- Stimulus Still Workingcaheidelbergerhttp://www.blogger.com/profile/03261598066395322681noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-15329279.post-4450982421292345712010-02-01T11:33:04.846-07:002010-02-01T11:33:04.846-07:00"It's kind of like saying my blog hits ar..."It's kind of like saying my blog hits are up, so yippee... even if the increase comes from spam. Quality often matters more than quantity."<br /><br />truth = spam<br />quality = faux statistics used in hypocritical partisan party finger pointing<br /><br />I think Cory has it backwards.<br /><br />Steve SibsonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-78649024507456085852010-02-01T07:40:33.805-07:002010-02-01T07:40:33.805-07:00Michael, I agree that GDP by itself is not a great...Michael, I agree that GDP by itself is not a great measure of true well-being. It's kind of like saying my blog hits are up, so yippee... even if the increase comes from spam. Quality often matters more than quantity. GDP can go up and common people's lives still lack liberty and happiness.<br /><br />I even agree that 5.7 is probably not the final number: as I note above, the Q3 number was revised downward, and teh Q4 number likley will be as well. That's nothing unusual. But I can't agree that it's a "false" number. 5.7% does describe the good-faith estimate of growth in economic activity. People are buying things: specifically, producers evidently bought more materials and turned them into products. That suggests businesspeople see cause for optimism and are stocking the shelves in anticipation of more business. <br /><br />I will grant that we'll have the same unresolvable debate over whether the stimulus is working as we do over whether the Patriot Act is "working." We cannot tell how bad the recession (Depression?) would have been if we had not pumped the stimulus money into the economy. My little girl got the H1N1 vaccine, but this week she developed a bad cough. Are those shots "still not working," or is this cough much less than the possibly fatal flu she would have contracted without them? How can we tell?caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-62513811004644081082010-02-01T06:06:40.724-07:002010-02-01T06:06:40.724-07:00"false 5.7 number"
Cory using faux stat..."false 5.7 number"<br /><br />Cory using faux statistics to lead us away from the truth? Who is surprised?<br /><br />Steve SibsonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-9109471478613525412010-01-31T21:54:07.960-07:002010-01-31T21:54:07.960-07:00cory,
the number was just an estimate for one th...cory, <br /><br />the number was just an estimate for one thing, and most of this 5.7 number is based on inventories - so unsold inventory has increased - an increase like that means nobody is buying anything. so really its "stimulus still not working..." <br /><br />check this out for a quick rundown on this false 5.7 number: <br /><br />http://business.theatlantic.com/2010/01/us_gdp_grew_by_57_in_the_4th_quarter.phpMichael D. Meyerhttps://www.blogger.com/profile/00826435230990141290noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-821261814556874742010-01-31T20:49:15.904-07:002010-01-31T20:49:15.904-07:00Th stimulus was suppose to create jobs. Unemployme...Th stimulus was suppose to create jobs. Unemployment went up. So where is the growth going? Right into the pockets of rich plutocrat bankers. Sounds like what the Progressives wrongly call capitalism. The correct term is corruption.<br /><br />Steve SibsonAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-15329279.post-2089350045241093722010-01-31T15:21:28.429-07:002010-01-31T15:21:28.429-07:00...and I'm looking for a job. The gravity of t......and I'm looking for a job. The gravity of the situation is not lost on me.caheidelbergerhttps://www.blogger.com/profile/03261598066395322681noreply@blogger.comtag:blogger.com,1999:blog-15329279.post-37185205008679734302010-01-31T14:44:55.089-07:002010-01-31T14:44:55.089-07:00Unemployeement is still >10.0 %Unemployeement is still >10.0 %FireBirdhttps://www.blogger.com/profile/15155339581279516096noreply@blogger.com