John Lott on our Economy

The story, entitled "What the Media isn't telling you about the Economy" appears on the Fox website.  So naturally, the left will ignore it.  Having said that, here are the bullet points:

- Slow GDP growth: GDP rose at an annual rate of just 1.25% during April through June, barely keeping up with the growth in population. The economy has been getting slower and slower since the end of last year. 

-- Durable goods orders plunged 13.2 percent in August. 
-- Median household income has actually fallen. Income has dropped from $53,718 to $50,678 since the “recovery” started in June 2009

I love John Lott.  The man seems only to be swayed by logic.  I think he's part Spock.

Christina Roemer is leaving

One of the WH advisers responsible for creating this chart:


















Is leaving.
About friggin time.

Flashback, Geitner: The economy is improving

Now, keep in mind when he said this:

"The U.S. economy is showing signs of improvement more quickly than had been expected, while aggressive efforts by policy makers around the world have blunted the risk of a much deeper global recession, U.S. Treasury Secretary Timothy Geithner said Tuesday. "

It was July of 2009.

He also pledged:

"....that stimulus measures would be quickly unwound as soon as the crisis had "definitively receded." President Obama is committed to bringing the deficit down to around 3% of gross domestic product once a recovery is firmly established and to limiting future spending commitments through budget rules, Geithner said. "

Uh huh.

Can we start saying "liar liar pants on fire" yet?