Thursday, September 27, 2012

Liberal Narrative Blames Drought For Poor GDP, As If 1.5 Percent Growth Were Good

GDP for Q2 is revised down today to 1.3 percent annual rate, from 1.7 percent a month ago, and liberals are blaming . . .  the weather.

They are blaming 0.2 points of the 0.4 point decline on declining farm inventories due to the drought, as if it makes a difference whether GDP is 1.3 or 1.5. Hell, GDP of 2.5 percent represents treading water. Anything less than that is an economy in real trouble. By their own admission, farming is 1 percent of the economy, but the article to the left is already blaming lousy Q3 GDP, which isn't out yet, on the drought, too. This is the lamest excuse we've heard yet, and that's saying a lot.

Last August it was the earthquake and tsunami in Japan, the Arab Spring, and financial turmoil in the European Union which were responsible for everything going wrong for Obama.

In 2010 it was his peeps' fault, whom he told to pull up their socks, get off the couch and go vote.

Before that everything was Bush's fault.

After November Obama gets to blame the American people for all his troubles, none of which are ever his responsibility.