Pollyanna, stop whining! - Setting Pessimists Straight

[Xipe Totec]

For example, the pessimists are all talking about the fact that real GDP will be revised downwardly to an annualized growth rate of about 1% in the second quarter. What they don't tell you is that this low number was caused by a 35% surge in imports. That's right, consumers and businesses bought more from overseas (lots more), and since imports are a negative in the GDP accounts, it made the economy look worse. When we adjust for this, American households and businesses increased their spending at a 4% annual rate in the second quarter--over and above inflation.

http://www.forbes.com/2010/08/16/pessimism-recession-economy-money-opinions-columnists-wesbury-stein.html

Yes, you heard right. The 'economy' is doing dandy because we're back to buying cheap crap from overseas. :eyes:

[xchrom]

1. Down the rabbit and through the looking glass. Recommend. Nt

[old mark]

2. USA!!! The Greatest Country In The World!!! (Soon to be replaced by China...)nt