DOW at 9200

[GigantorX]

GDP Drop smaller than expected, only 1%.

I have to believe, if the DOW was sunk to 3500 today, people would be blaming Obama's actions.  yet he doesn't receive any credit for raising the DOW almost 1000 points since Bush left office.

Are you that naive to think that Obama deserves credit for the DOW? How about credit for the, now revised, 6.4% in Real GDP decline for the 1st Qtr? Or how about the 1% decline from the previous 6.4% decline for this 2nd Qtr? And just wait until it gets revised, it will be probably much lower, just like all of the Bush Admin's #'s were revised...far after the Recession and implosion hit.

To much manipulation and to many Congressioanl Children playing around, throwing money around, making promises they have no chance of keeping and letting Goldman Sachs take very high positions in very important parts of Govt.

The economy is simply not going to be able to re-balance itself, the massive structural problems are not being addressed, there is another bubble being inflated and nothing is going to change.

Money is simply papering over the real problems and the Govt. is hoping that through the recent media blitz by Ben Bernahke and Co. added with the Media Pumpers, that everyone will think it's all better....until they realize that they are dead broke and have access to no credit and their dollar is worthless.

[Bindare_Dundat]

Are you that naive to think that Obama deserves credit for the DOW? How about credit for the, now revised, 6.4% in Real GDP decline for the 1st Qtr? Or how about the 1% decline from the previous 6.4% decline for this 2nd Qtr? And just wait until it gets revised, it will be probably much lower, just like all of the Bush Admin's #'s were revised...far after the Recession and implosion hit.

To much manipulation and to many Congressioanl Children playing around, throwing money around, making promises they have no chance of keeping and letting Goldman Sachs take very high positions in very important parts of Govt.

The economy is simply not going to be able to re-balance itself, the massive structural problems are not being addressed, there is another bubble being inflated and nothing is going to change.

Money is simply papering over the real problems and the Govt. is hoping that through the recent media blitz by Ben Bernahke and Co. added with the Media Pumpers, that everyone will think it's all better....until they realize that they are dead broke and have access to no credit and their dollar is worthless.

Well said.

[Soul Crusher]

Are you that naive to think that Obama deserves credit for the DOW? How about credit for the, now revised, 6.4% in Real GDP decline for the 1st Qtr? Or how about the 1% decline from the previous 6.4% decline for this 2nd Qtr? And just wait until it gets revised, it will be probably much lower, just like all of the Bush Admin's #'s were revised...far after the Recession and implosion hit.

To much manipulation and to many Congressioanl Children playing around, throwing money around, making promises they have no chance of keeping and letting Goldman Sachs take very high positions in very important parts of Govt.

The economy is simply not going to be able to re-balance itself, the massive structural problems are not being addressed, there is another bubble being inflated and nothing is going to change.

Money is simply papering over the real problems and the Govt. is hoping that through the recent media blitz by Ben Bernahke and Co. added with the Media Pumpers, that everyone will think it's all better....until they realize that they are dead broke and have access to no credit and their dollar is worthless.

Additionally, UE keeps going up as do foreclosures. 

Once the Bush tax cuts expire next year, you can count on another round of layoffs as well.

The current rise in the market is not based on the economy but Federal Reserve money pumped into these firms by the govt.

Finally, there is going to be a massive correction in the fall as the market is grossly oversold. 

[Bindare_Dundat]

[Government_Controlled]

I'll start having confidence in our elected officials, when these charts begin there journey DOWN instead of UP!



GC/DEA_AGENT

[jr]

[Soul Crusher]

Denninger rocks.

i have to laugh at these fools eating up the Obama spin machine saying things are improving. 

Obama, like George Bush, is encourging everyone to shop again with money they dont have. 

Unreal. 

[GigantorX]

From Chris Martenson

http://www.chrismartenson.com/blog/gdp-report-just-plain-wrong/23394

Anyway you slice it, the Govt is seriously massaging the all numbers.

[Soul Crusher]

From Chris Martenson

http://www.chrismartenson.com/blog/gdp-report-just-plain-wrong/23394

Anyway you slice it, the Govt is seriously massaging the all numbers.

Also, the GDP number is masked by 13% increase in govt defense spending. 

The Obamabots refuse to acknowledge reality. 

[GigantorX]

Also, the GDP number is masked by 13% increase in govt defense spending. 

The Obamabots refuse to acknowledge reality. 

Bush II did the same thing nearing the end of his term. Him and the Admin. kept feeding us lies and distorted statistics.

Lots of "Better than expected" U.E. #'s, GDP, jobless claims etc etc all the while telling us, even when things were disintegrating, that there was no recession and the Sub-Prime mess was "contained".

Of course after he was out office we learned that all the numbers that were fed to us were revised far,far downward and we had been in a recession since December of '07. And that includes a worthless Stimulus Bill. The same thing is happening here. Shit, CNN just had on some Admin. mouthpiece pumping up the awful and distorted numbers as "good" and "positive".

[Bindare_Dundat]

The worst is CNBC with Dennis. Karl was on the show discussing these numbers with Dennis but you're not allowed to talk facts and figures becasue that isn't exciting enough as cow noises coming from slapping some shinny red buttons ala Mad Money.

"But those are only numbers.",  Dennis tells Karl, while he's trying to explain debt and real GDP.

 Did I just hear that right? Fuck me. Only numbers folks, they don't matter. Only the numbers on the  S&P matter.