TV News LIES

Wednesday, Feb 10th

Last update05:20:13 AM GMT

You are here News Editorials Prairie2: Best to Wear a Hat

Prairie2: Best to Wear a Hat

E-mail Print PDF

best to wear a hatNew unemployment claims fell again last week and are starting approach the levels we saw just before the Tea Party Sedition movement knocked a sizable hole in the economy. There were 28,000 Federal civilian employees drawing unemployment benefits last week which was 50,000 fewer than the week before. This adds to the $24b tab for the pointless government shutdown.

Federal employees will get back pay for their time off, plus the hourly employees will be getting overtime pay to catch up their work. Government contractors will doubtless be demanding compensation for the snafu conditions that occurred during our brief return to the Articles of Confederation when the Federal Government was basically voluntary.

The GDP grew at a 2.8% rate during the 3rd quarter, which is quite respectable for the Neo-Reagan Era. In the old days of the New Deal that level of growth would have been considered slow. However 0.8 points were attributed to inventory build up in anticipation of growth in the 4th quarter, and could cause a major pull back if that growth isn't realized.

The reason for the increased inventory is that major retailers are again extending credit in a big way for the first time since the Bush Crash in 2006, and the credit card companies are issuing high limit cards in anticipation of a big holiday shopping season.

More...


Most Recent Related Stories...


Alex Baer: Pinging in the Brain

Pinging in the brainSome stories seem to fade as soon as they appear, while others keep popping back into...

Alex Baer: Tales of Doctor Truebeem

Dr. TrubeemIt would be so much easier if election laws specified a new tag line at the...

Alex Baer: Landmark Decisions

Land MarksAnd now, a word about Landmark Decisions:  Boxy.(No, not like the hyper vlogger, nor like those...

Alex Baer: Good 'n' Plenty

good 'n plentyThis way to the time machine:  Back when one had to fight pterodactyls in the schoolyard...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!