Two months the media and Obama Administration were trumpeting the announcement that third quarter GDP had grown at an annualized rate of 3.5%. Unfortunately, their celebrations were a bit premature the Commerce Department today announced their final estimate of third quarter GDP… Not surprisingly third quarter GDP was a lot lower than they originally estimated: […]
Cash for Clunkers
Third Quarter GDP Rises to 3.5%… But…
From Reuters: The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance. Signaling the end of the worst recession in 70 years, the Commerce Department on Thursday said the economy expanded at an […]
Cash for Clunkers, a Clunker, Says a Liberal Democrat
Ouch, keep in mind that Congressman blowing the whistle on problems with the supposedly “wildly successful” cash for clunkers isn’t a Republican or even Blue Dog Democrat… He’s a liberal Democrat: The federal government has only reimbursed auto dealers for 2 percent of the claims they’ve submitted through the popular “cash for clunkers” program, a […]