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I Know You Won’t Believe This But

The economy isn’t quite as rosy as they have been telling us.

Fallenmonk, reporting from the ever bustling metropolis of Indianapolis, tells all in Written on an EtchaSketch.

I was shocked to learn they had to adjust the GDP downward for 11 of the last 13 quarters, and they need to raise the debt limit again. I guess we’ll be waiting a little longer for the tax cuts to work their “voodoo” [not to be confused with the religion, unless Reagan is one of your saints].

“Borrow and Spend” – it doesn’t work, has never worked, can never work – so let’s try it one more time for the Gipper.

4 comments

1 andante { 07.31.07 at 1:17 pm }

In the usual “kwitchyerbitchin” chorus, the economy is just grand if you’re an overpaid CEO, a trust fund baby, a celebrity, or the member of other assorted miniscule minorities.

And since these people are the only ones the media finds worth listening to – of course, all is well.

2 Bryan { 07.31.07 at 1:26 pm }

When these people are the media’s friends and neighbors, who else are they going to talk to, especially since their bosses all hang out together.

3 oldwhitelady { 08.01.07 at 7:12 am }

Well, I didn’t know it was that bad, but I figured the economy hasn’t been that great, especially with gas prices so high. It’s gone down at least 40cents since the beginning of the summer. The gas buying has eaten into profits other companies might have realized.

4 Bryan { 08.01.07 at 9:49 am }

It hasn’t just affected profits, it has increased the cost of almost everything, and the FED with raise rates causing more pain for people who have adjustable rate mortgages, and those buying cars. If you aren’t getting cost of living raises, you are falling behind.