Wednesday, August 3, 2011

She of the Angry Perm and limited math skills

(Ed Note: Full credit for 'She of the Angry Perm' is from Monica Crowley from The Five on Fox News.)

Okay, for the month of July, I started a new drinking game where every time the talking heads from the left (Obama, Biden, Wasserman Shultz, Carney, anyone who works for MSNBC, etc.) says the word 'balance', as in "a balanced approach" I had to take a drink. I've been hammered drunk for the entire month of July. Fortunately, the debt nonsense is over. So, after my three-day raging hangover I decided to take a look-see at what the aforementioned talking heads' latest talking point is. Drum roll please - Surprise everyone. Apparently, when no one was looking, the economy has suddenly turned around!

Whew! That's a load of my mind. Maybe now I can get back to some serious drinking… right after I take a quick look to see what's on MSNBC. Oh, hey there's good ol' Debbie Wasserman Shultz talking up the economy on MSNBC (emphasis mine):
"Well, we're going to focus on what we know is the number one priorities on Americans ease minds right now, that is creating jobs and continuing to get this economy turned around. If we have to drag the Republicans with us, then we'll do that, but, you know, it's been a whole lot of months, eight months they have controlled the house with no jobs bills coming to the Floor. Hopefully now with this compromise on the debt ceiling behind us, with the opportunity, with the economic to sit down and focus on longer-term deficit reduction that will have some balance(damn gotta take a drink) and ask some sacrifice for our most fortunate,"
"We are creating jobs each month in the private sector."

Well thank you Debbie, now I can nurse my hangover without worry, right? Let's just take a quick peek at some of the latest economic news. I'm sure Ms. Wasserman Schultz's research is spot on.

Oh, looky here, some economic news this week from the Bureau of Economic Analysis that came out July 29th:

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 1.3 percent in the second quarter of 2011, (that is, from the first quarter to the second quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.4 percent.

A whopping 0.4 percent! Holy cow looks like Angry Perm girl's got a point.

Look some more sterling news today from Reuters:

Overall manufacturing fell 0.8% in June, new orders down 1.9%

Wow, only down 1.9%! She's really on a roll!

And lastly, let's take a look at the latest Job numbers from ADP via CNBC:

The pace of private sector job growth slowed in July with employers adding 114,000 positions, a report by a payrolls processor showed. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 100,000 jobs. June's private payrolls were revised down to an increase of 145,000 from the previously reported 157,000.

Wow, well done Debbie! Well done indeed. I swear these guys should have Charlie Sheen stumping for them, all they do in the face of any bad economic news is simply say "I'm Winning!" Okay, back to drinking!



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