1 So, I was out of town yesterday... antyhing interesting happen?

2 1.6.. that's at least the "right direction," correct? Oh wait...

3
I feel like I've been touched in my "no no" spot.  Hard.

4

1.6% of that is Bush's fault.

5 The final numbers are due Sept. 30

Hmmm, I wonder if the October surprise will be radically inflated numbers to be revised mid-November.

6 That 1.6% will be revised downward as well to. In actuality there is no growth at all. And if we didn't count government jobs it would be negative.

7

Can you imagine if someone like Soros was doing this for leftwing causes?

http://tinyurl.com/23f8nul

The MFM would be on that like a fat lady on a cupcake.

8 Hope you bitter clingers are enjoying he awesome Recovery Summer I've fixed up for you.  Now watch this drive.

9 1.6  is the new B+

10

we are going to grow our way out of this recession.

at least it was higher than crazy jim cramer's estimate of  0.5

11 Decimal points are obviously racist, I deem the revised number is 16%.

Recovery summer is again on track.

12 I feel like I've been touched in my "no no" spot.  Hard.

Posted by: Dang

 

Morons have these?

13

worst fruit popsicles ever

 

Fruiti Pops Inc. of Santa Fe Springs, California has recalled its mamey (mah-MAYÂ’) frozen fruit bars because of a possible link to a rare U.S. outbreak of typhoid fever.

The company said Thursday that the fruit bars were distributed in California, Arizona and Texas since May 2009.

14 The economy's transforming from Smeagol to Gollem.   

15 The economy grew at a much slower pace this spring than previously estimated

I BLAME BOOOOOSH!!!!!!!!!!!

16 The markets had priced in pretty much everything from 1.0 to 2.0 percent, so this wasn't "unexpected." The MFM however, reserves the right to trot out their favorite adverb should Wall Street head south later in today's session.

Q3 number is now the most important, especially the Residential Investment (RI) component.  The only real reason why Q2 numbers weren't negative was that RI was up by 17%.  That number was not revised in today's release.  But it also comes at the end of the first time homebuyer tax credit.  RI is the most reliable leading indicator for GDP growth.  Where it goes, GDP usually follows a quarter or so later.  RI dips have presaged five out of the last six recessions, and the sixth was the post 9/11 recession.

Wreckovery Summer, indeed.

17 Hey! Things could be worse, right?

18

 

Barry: The car is in (D) not (R). We're going in the right direction. 3 gazillion new jobs created or saved. Err.....not as bad as it could be....ummm.....Everyone just STFU, I'm trying to buy some shrimp.

19 I was on the eastern shore of the Chesapeake for a few days, and took a look at a large development that was started a few years ago. 70 houses built, with land for another 200 or so. The model home of one of the builders (there are three) is a 2800 square foot semi-custom house that was originally listed at $600k.

Today's asking price? $389k.

Hope and change? My ass.

20

Wait until I take credit for Victory in Iraq - your heads are going to xplode.

21 crap, I forgot to tip you GCT.  brb.

22 I just read the dumbest thing on Google finance: Dow futures are up because the revised downward GDP number beat expectations. Wall Street is pretty much just a fantasy land now.

23 I got something they can touch....

24 I think the "lives touched" thing is an outrageously stupid strategy for the Dems but maybe not just for the obvious reasons.

Apart from being completely bogus and unmeasurable (as was "jobs saved or created") it also brings into sharp relief the idea that "the government wants to touch your life." That's exactly what people don't want, and that's exactly the message that the people have been sending for the last year or so.

GTFO. It's anathema to the Dems but it's what everybody wants and needs from the government right now. They literally cannot comprehend it. Even if they could, they don't want to do that so fuck you.

25

Don't forget boys & girls^* , this is all... Funexpected!

^* and others...

26 You can't say "bad touch" and not link Bloodhound Gang.

27 26 pull my finger

Posted by: the invisible hand at August 27, 2010 09:36 AM (S5YRY)

My vote for thread winner:

1. It's true

2. Obscure

3. Includes fart joke

28

Bloomberg.com is spinning on all cycles:

Slowdown in U.S. Economy less than Estimated

Aug. 27 (Bloomberg) -- The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated, as companies reined in inventories and the trade deficit widened.

Economists projected a 1.4 percent rate of growth in the second quarter, according to the median estimate in the Bloomberg survey in which estimates ranged from 0.5 percent to 2.2 percent.

See? It was supposed to be revised down to 1.4% but only got revised down to 1.6% so everything is just dandy.

29 29

Bloomberg.com is spinning on all cycles:

Slowdown in U.S. Economy less than Estimated

Aug. 27 (Bloomberg) -- The U.S. economy grew at a 1.6 percent annual rate in the second quarter, less than previously calculated, as companies reined in inventories and the trade deficit widened.

Economists projected a 1.4 percent rate of growth in the second quarter, according to the median estimate in the Bloomberg survey in which estimates ranged from 0.5 percent to 2.2 percent.

See? It was supposed to be revised down to 1.4% but only got revised down to 1.6% so everything is just dandy.

Posted by: TheQuietMan at August 27, 2010 09:42 AM (1Jaio)

I'm happy, I'm one paycheck from hitting Hobo level poverty and being hunted by Ace

30 This will be revised down another 2.5% -3.2% after federal spending is factored in

31

See? It was supposed to be revised down to 1.4% but only got revised down to 1.6% so everything is just dandy.

Posted by: TheQuietMan at August 27, 2010 09:42 AM

The cheerleading from Bloomberg, Kudlow, Cramer and the rest of the screaming shills is one of the reasons I fear a major economic meltdown one day soon.

They're against all this gubmint tinkering with the economy, but when Osama Obama's regime spreads phony money in their direction, their ears prick up and they start babbling about "recovery."

These days, the stock market exists primarily to fatten the wallets of those on the inside. When the reality of the Traitor-in-Chief's uncontrolled spending and anti-manufacturing regulations sinks in and real business is finally crippled beyond recovery, October 1929 will look like a shining city on the hill.

32

the ad campaigns this season:
If you vote for a Republican - you're voting for "Crazy!"

If you vote for  a Democrat, you're voting for the further erosion of your liberty, your job, and the American way of life.  You're giving democrats the power to destroy.

Pick.  I think crazy seems ok.

33 Well, I've flipped so many times, I feel like a waffle at the local firehouse breakfast.

34 Gosh, I sure miss the Bush years, when the GDP was originally reported low, but then unexpectedly, but quietly, revised upward a month or two later. Good times, good times.

35 So,expectedly unexpected.

36

Aug. 27 (Bloomberg) -- The U.S. economy remains “weak” and “fragile” and has a “significant” chance of falling back into a recession, said Harvard University economics professor Martin Feldstein.

“I would say there’s still a significant risk, maybe one chance in three, that there will be a double dip, real GDP falling, before we’re in the clear,” said Feldstein, president emeritus for the National Bureau of Economic Research. He spoke in an interview with Bloomberg Radio from Jackson Hole, Wyoming.

“We see a weak economy,” Feldstein said. “We see a fragile economy that is growing at a slower pace.”

What's this guy talking about? We're in Recovery Summer. Barry has the car in (D) not (R).

37 Obama could lick this expectations and transparent lying thing by taking one simple measure: He could change the phrase they use to talk about the success of the stimulus from "jobs created or saved," which is nonsensical, to "jobs created, saved, or destroyed." Viola. Now, no one will question the claim. And the numbers are more likely to be real, too.

38 crap, I forgot to tip you GCT.  brb.

Thanks!

39 Touched = fisted, too, doesn't it?

40

@ 31

Or, in Obamanomics, it'll be revised down another 300%....

/sarc

41 Kudlow is the absolute worst.  Why, those guys, Geithner and Frank, they sure are bright.  Green shoots around the corner.  Why does NRO give that moron a spot.

42

Yep, gotta love how the spinmeisters are touting this as good news.  Lets see; initial GDP was 2.4, was projected to be revised to 1.4 but because it came in at 1.6 everything is coming up roses.  Unless I'm missing something, anything going in the opposite direction from 2.4 isn't a good thing.  Of course there still is the final revision, wonder how that is going to be spun if it goes even lower??

 

43

Revised down from initial estimate of 2.4%, from "anemic" to "crappy".

Sure that's not "fuck me, dood"?

44 What time is uncle benny speaking?

45 Beck just said that the media are saying 500 thousand people are expected so that when the number falls short they can criticize.

how many came for the inauguration of BO?

46

Aug. 27 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank “will do all that it can” to ensure a continuation of the economic recovery, and outlined steps it might take if the growth slows.

“The Committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly,” the Fed chairman said today in opening remarks to central bankers from around the world at the Kansas City FedÂ’s annual monetary symposium held in Jackson Hole, Wyoming.

That puts my mind at ease knowing that they will do the same things that got us into our current economic situation

47 The GDP ration has been increased from 2.4, to 1.6.

48 I belive the 2.4% 2nd QTR GDP was revised down in mid-July from 3.?% wasn't it?

49 Hey, they never specified which summer they meant. Odumbo meant the summer of 2013 really. C'mon we're buying shrimp here guys.

50 Hmmm.  "Lives touched". Does that include the 23,000 or so oil workers whose jobs Obama killed with a stroke of a pen?  They and their families were sure  "touched".


Isn't this sorta like a serial killer asking for mercy because he "touched" the lives of 35 people?

51
 Personally, it'd be a relief to have to again endure deficits and unemployment rates that were prevalent during Bush's administrations.

 Might even bring a smile to a fellow's face.

52 Yeah, remember when 5-6% unemployment was the End of Days?

Good times.  Good times.

53

C'mon guys we're trying to buy shrimp here.

Away with the commoners!

54 I touched Hiroshima.

55 I touched Nagasaki.

56

Anyone who still believes in this Hope and Change BS by election time should be institutionalized for severe mental disfunction.

AND... heaven forbid we go back to those radical things that Booosh and the Rethuglicans foisted on us... you know, like 5% unemployment, 5% growth in GDP, house prices that were greater than the mortgage amount, ... radical things like that.