This is the worst economy since the Depression.

Did you discontinue the cowbell?

Yeah, fuckin'a A, Uncle Hillary, and others nodded their head wisely, that Bush's tax cuts for the wealthiest 1% of Americans would lead to the next Great Depression.

And, based on all that advice, I sold all my stocks, getting ready to position myself to buy cheap when the stock market hit 5000. Stoopid Hillary. When will Bush finally pay the price for relying on market driven economic principles? Why is he sooo lucky!!!!!!

Oh, and WP=WMD => Iraq=WMD

Funny, The N.Y. Times looks as these indicators yesterday, summing them up in an article's opening paragraphs.

So where does the rest of article go? Here's a hint:

But as always with the United States economy, it is not quite that simple. ...

Ah, thank goodness for the N.Y. Times. They make economics easy. With a R. in the WH, it's either "Numbers indicate bad times" or "Numbers belie bad times ahead."

Related link:

NYT almost pulls a muscle making this economy out to be a bad thing.

Dang. Beaten to the punch by the good Doctor.

But what if I used the NYT's as investing advice???????

What kills me is that if Kerry had been elected, he would be claiming that this good news was his doing.

I noticed yesterday that regular unleaded has fallen to $1.93/gallon. So I'm glad to see Halliburton finally opened up all the valves in Iraq.

bout damn time.

When your lead economic prognosticator is Paul Krugman you're bound to have a hard time understanding positive economic news.

It honestly baffles me how these people stay employed much less get prestiguous teaching positions at places such as Princeton. When was the last time Krugman was right, about anything? And yet if anything his star is brighter than ever at the NYT.

I think this dovetails nicely with Dr. Symes previous post on political prognosticators. At the end of the day people vote on economic and security issues. The left has been consistently wrong on these issues for years hence their minority party status.

The NYT is entertaining to read although probably not in the way they intend. But the day I decide to take their advice on issues of economics, well forget it, that day ain't coming.

Jason in TX07:

Technically, those bohonkus mojombos that Ace highlighted are indeed "cowbells" if you are into euphemisms for tits as much as I am.

Thanks for the good news babe Ace. I read about the economy in the Corner and headed over here to read your take on the news. You sure don't disappoint. Unfortunately, I'm easily pleased.

I love unintentional parody:

"While neither he nor others expect that activity to dry up, even a modest tapering off could knock growth down a peg or two. Mr. Shapiro, for one, says growth could drop from 3.5 percent in 2005 to 3.2 percent in 2006."

3.3
2.7
4.0
2.5
3.7
4.5
4.2
4.5

What do these numbers have in common? They are the GDP numbers from the ClintonMiracleEconomy (via www.bea.gov)

Technically, those bohonkus mojombos that Ace highlighted are indeed "cowbells" if you are into euphemisms for tits as much as I am.

you mean like, check out those udders?

"In spite of hurricane Katrina"

Actually, it is BECAUSE of Karina.
Spending to avoid and repair damage is driving the economy upwards.

Cowbell?

Darn, Dave, it's still like $2.20 a gallon up here in VT. Always a little pricier here in the boonies.

yeah Mark, there are certainly variances state to state.. but how high was it there? we hit a post-Katrina high of $2.91/gallon locally. It's fallen almost a buck here, and is about .37 cents/gallon higher than it was a year ago.

2006 elections coming up. I question the timing.

Dave & Mark,
Gas in KC,MO now down to $1.85 per gal. What has been so surprising is the cost of diesel. 3 weeks ago diesel was $3.69 per gallon while gas was hovering at $2.00+ per gal. Diesel now at $2.25 per gal & still falling.

Look for $1.45 per gal or less fuel by mid Feb.

Cowbell?

Personally, I vote to retire the cowbell in favor of Austrian kazungas.

rls, so it really is a fungible commodity, like they taught us in school?

read an article in an industry rag last month about Citgo (wholly owned by PDVSA and Hugo Chavez).. they are having some challenges. 7 Eleven's contracts are up next year and we do not think they will renew. PDVSA's production is down 30% from 5 years ago. They lose a big chunk of the US market, they'll have to ship it to China. Who has no refineries that can process the heavy sweet Venezuealan crude.

I hate that for the little dictator, I really do.

>>
Personally, I vote to retire the cowbell in favor of Austrian kazungas.
>>

Amen. Hey, I liked the old Drudge-y siren. And I loved the cowbell. But the Austrian fraulein, well, she holds a special place in my heart and whatever. Yowza.