Extreme Liberal's Blog

Where Liberalism Is Alive and Well!

5.7% Growth In 4th Quarter, The Stimulus Worked!

I’m sure all the haters will have reasons why this isn’t real, or wasn’t because of the stimulus, or was because of some other reason…..BITE ME!

Real gross domestic product -- the output of goods and services produced by labor and property
located in the United States -- increased at an annual rate of 5.7 percent in the fourth quarter of 2009,
(that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the
Bureau of Economic Analysis.

I’ve been watching the signs of the recovery for the last 6 months, lots of good or “not so bad” news has been coming for a while, but it has basically been ignored by the media because it doesn’t fit into their current narrative, that President Obama’s presidency has been a failure. Chew on this, bitches.  When I see the slanted journalism that paints this picture of failure, I find comfort in the fact that reality will catch up with them and make them look like fools. You can only hide the truth for so long, eventually it finds its way into the public consciousness. President Obama’s speech the other night was one of the first steps in showing the reality of the last year, not what the right wing, Jane Hamsher, Arianna Huffington and Cenk Uygur have been trying to paint. I wonder how they are reacting to this?

About these ads

January 29, 2010 - Posted by | Media, MSM, Politics | , , ,

6 Comments »

  1. I know everyone is going to say, but where are the jobs? As most economists will tell you, there is always a lag between when growth picks up and when the jobs are produced. I have relatives that are working this month and even in Michigan where unemployment is the worst, people are going back to work in my town.

    Comment by ExtremeLiberal | January 29, 2010 | Reply

  2. Here’s the transcript for the entire GOP smackdown today Obama gave them:

    http://www.whitehouse.gov/the-press-office/remarks-president-gop-house-issues-conference

    Comment by KayInMaine | January 29, 2010 | Reply

  3. These numbers are all estimated right now. You also need to take in account inventory liquidations which will probably drop it closer to a 2.2% growth. Again, these are not the final numbers, but any growth right now is a good and welcome sign.

    Comment by Browncoat | January 29, 2010 | Reply

  4. We’ll see where it ends up, it is just the last quarter too, but things are going up which is good. The recession is over….

    Comment by ExtremeLiberal | January 29, 2010 | Reply

  5. I wouldn’t go that far.

    Comment by Browncoat | January 29, 2010 | Reply

  6. Here in Maine there is lots of roadwork being done. Under George Bush? Hardly any was done! People are working. Not only that but the parking lots of the big box stores are filled compared to what they were for the last 2-3 years of Bush. Americans were suffering under Bush and he did nothing to help. President Obama is SLOWLY fixing the mess. It’s going to take years…no doubt about it. But it’s happening! The dollar has also gained strength but I don’t see the wingnuts talking about that. How come? Is their reality crumbling?

    The only thing that could knock progress on it’s feet would be another huge attack on our nation. I’m sure Dick Cheney is aware of this fact. Spit.

    Comment by KayInMaine | January 30, 2010 | Reply


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.

Join 156 other followers

%d bloggers like this: