Friday, January 30, 2009

Economy Not As Bad As Advertised

The United States' economy shrank by 3.8% last quarter, which is the most since 1982.  It still shows that the sky isn't falling as badly as everybody said, because the "experts" expected the economy to shrink by 5.4%.  The media still hasn't stopped stretching the "depression" talk.

 

Here are some of the lowlights of the Senate's version of the ODAB.  So far it looks like the Republicans will probably oppose it, but some Democrats are trying to put together another "Gang of 14."  They'd better hurry up and get it passed, because public support for the ODAB is down to 42%, and shrinking.

 

The Senate passed the S-CHIP extension bill, with 9 Republicans supporting it.  Both Chambliss and Isakson voted against it, however.

 

In response to the $18 billion in Wall Street bonuses, President Obama said that now is not the time for Wall Street firms to be making profits or taking bonuses.  They're still thinking about adding a "Bad Bank" to the bailout, which will cost us another $1 trillion.

 

Exxon Mobil had a record profit last year.  Wait for the Democrats' reaction.

 

Al Gore invoked Venus to defend his claims of global warming alarmism.  Too bad the comparison isn't valid.

 

Schools and streets are already being named after President Obama.  Aren't you supposed to accomplish something before you have stuff named after you?

 

Coke is going to drop "Classic" from its label.  It's the final step towards ending the memories of "New Coke."

 

The Georgia State House passed Larry O'Neal's property tax relief grants bill today, and then decided to adjourn before discussing the assessments bill.  They didn't have enough support because somebody finally pointed out that local governments will just raise millage rates to make up for the lower assessments.

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