Tuesday, December 22, 2009

Revisionist guessing

What has happened to our 3rd quarter GDP growth?It started at 3.5%,was revised shortly after that to 2.8% and now has been dropped again to 2.2%.That's nearly a 40% drop from the original estimate.I assume these are weathermen making these assumptions because they are the only ones that could be that far off base and still keep their jobs.Normally,you would think the adminstration would run and hide behind numbers like these,but I think this will not be the case here.This will play into their sales pitch for needing a 2nd stimulus jobs bill.Just sit back and watch.Here's the link from Fox News.More to come...


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