A Little Less Consternation
January 30th, 2009 - 8:49 am
Some good news:
The 3.8 percent annual pace of contraction in the final three months of last year was less than forecast, with a buildup of unsold goods cushioning the blow. Without the jump in inventories, the decline would have been 5.1 percent, the Commerce Department said today in Washington.
For those keeping score at home, the economy shrank at only two-thirds the rate economists feared. So how about Congress chop, say, $200 billion or so off that $900 billion pork package?
Our sales had an unexpected increase the last couple weeks, pretty evenly around the globe too. This week is in the shitter, but that’s normal because most of Asia is shut down.
But the next few weeks should be very telling….
You’re thinking like a normal person. Sorry but you have it backwards. By Washingtons way of reasoning they can now afford to spend an extra 200 billion.
because that’s not what the voters voted for.
The voters voted for hope and change. Maybe they should have been more specific.