Economy: Okay

Although it is not receiving major attention in the mainstream media--just a passing mention while BAD "news" would be played up as major--the GNP numbers for the Second Quarter have been revised UPWARD.  Growth was 3.3%.  That is actually HEALTHY--certainly not even close to a "recssion".

What is the reactioin?  Right the first time.  the reaction is the "gloom and doom" reaction that it is good to have this good news, but it doen't change that the economy can't REALLY be "good" until the housing "crisis" is solved AND the financial "crisis" is "solved". 

Buhnk.  Now there ARE things that will KILL the eoncomy.  We can CRUCIFY the economy on a cross of "global warming".  We can CRUCIFY the eoncomy if we continue to REUSE TO ALLOE DRILLING, and devleopment of our other resources (like coal and nuclear power). 

In light of the bursting of the housing "bubble" (that HAD to burst at some point), the economy has done WELL.  You won't hear it in the mainstream media, but it is true.  Are some people hurting?  Yep.  But if you think we can keep all people from ever suffering any pain, then you should be working in the mainstream media.  You need to stay oout of the real world for your own good.

Remember all of those stories about how the initially announced growth of 1.9% was "tepid" and insignificant.  Remember all of those DEMOCRATS who kept saying we are IN a "recession" (not to mention that dufous, McCain, despite his occasional defense of our economy)?  WILL we get CORRECTIIONS and "revised" mainstream media/Democrat views on our economny?  Don't hold your breath waiting, or you will DIE.

P.S.  Did you doubt me on my comparison of oil speculators with media speculators on Gustav?  Well, oil prices were slightly DOWN today, even as the media ratcheted up its SPEUCULATION and HYPE.  Q.E.D.  Oil speuculators are MORE rational than media speculators, and LESS subject to irrational emotion.