Government Overestimating Growth

Well who knew that the Bureau of Economic Analysis would not be dealing straight with the folks when they come out with their economic reporting? After month after month of the administration telling us we are in recovery mode, the folks are still asking ‘where are the jobs?’

Turns out, not only is this a jobless recovery, but a recovery-less recovery too! Looking around, you don’t need Ezra Klein writing in the Washington Post to tell you that. But he did . . .

The economy grew at an annual rate of just 1.3 percent in the second quarter of this year. What wasn’t expected is that the BEA would go back and admit it’s been overestimating growth for the past three years. “For 2007-2010, real GDP decreased at an average annual rate of 0.3 percent; in the previously published estimates, real GDP had increased at an average annual rate of less than 0.1 percent.” {emphasis added}

Keep a sharp eye out to see if the rest of the legacy media jumps on this story. But don’t hold your breath.

Putting Country Over Party

Listening to the storyline of Democrats in the House of Representatives over the budget and debt ceiling debate, you might think there is some message coordination going on.

If you want a government that does not spend more than it has, you must be a terrorist. If you reject the growth in government and government policies that are not economically sustainable, then you must be a terrorist. Jeff Foxworthy could do a bit on this.

Referring to an opinion piece in Politico by William Yeomans, Rush said . . .

It has become commonplace to call the Tea Party faction in the House ‘hostage takers.’ But they have now become full-blown terrorists. They have joined the villains of American history who have been sufficiently craven to inflict massive harm on innocent victims to achieve their political goals.” This is William Yeomans writing. Mr. Yeomans, what in the name of Sam Hill do you think Barack Obama is?

Look at this array of examples of how the elected Democrats portray Republicans, and tea party folks specifically. Below are some quotes from the house floor . . .

STENY HOYER: (rotunda noise) The Republicans are holding hostage the credit of the United States of America.

DEBBIE “BLABBERMOUTH” SCHULTZ: …our Republican colleagues to hold our economy hostage.

DINGY HARRY: The Republican Party is holding our economy hostage.

CHUCK-U SCHUMER: (rotunda noise) It didn’t say, “Hold America hostage.”

LOUISE SLAUGHTER: …hold the debt ceiling hostage.

SHELDON WHITEHOUSE: One party is holding the country hostage.

JOHN OLVER: The debt limit has never before been held hostage.

BARBARA LEE: Republicans are holding our economy hostage.

EARL BLUMENAUER: …willing to take hostage the debt ceiling.

JASON ALTMIRE: Stop holding America’s credit rating hostage.

ROSA DeLAURO: The Republican majority continues to hold the American economy hostage.

CHRIS VAN HOLLEN: Let’s not hold the entire American economy hostage.

JOHN LARSON: …ideological HOSTAGE situation…

LLOYD DOGGETT: The only belt they’re really tightening is right around the neck of those hostages.

JAMES CLYBURN: Holding the American economy hostage.

JESSE JACKSON, JR.: This President is being treated differently!

SPEAKER PRO-TEM: (gavel banging)

JACKSON: No other President has been stuck up, shook down, or held hostage!

 Limbaugh continues . . .

We’re not holding anybody hostage. We are the hostages! We are equal time. We are paying the ransom all the time. We are the hostages. Our country has been kidnapped, and you’re asking a ransom from us in the form of higher taxes and less liberty and less freedom each and every day — and you dare to write pieces calling us terrorists! We don’t fly jet planes into buildings. We’re not killing people. We’re not putting people out of work. We’re not taking their money. We’re not destroying their savings. We’re not taking over the oil companies. We’re not taking over the car companies. We are not the ones in the process of destroying the U.S. healthcare system.

Bottom line. We’ve seen and heard this kind of rhetoric from Democrats before. It is still name-calling, only now we are being compared to Hamas, Hezbollah, and al-Qaeda.

Limbaugh continues . . .

I don’t want to hear any more crap from Democrats about “civility.” I don’t want to be preached to one more time by these holier-than-thou, better-than-everybody-else, smarter-than-everybody-else craven villains about “civility.” I have to tell you, folks (and I know that I am not alone): I am mad as all get out. The Democrats and their cohorts and the Drive-Bys have collectively ratcheted up this divisive, uncivil, reactionary language to trash the Tea Party — and, by extension, conservatives. We’re not terrorists! We’re not killing people. We are Americans who disagree with you! We’re Americans who disagree with statism. We are Americans who disagree with socialism, communism and liberalism.

Consideringstand-by-country what the Obama administration has done to “remake America,” you and I, the American people, are the real hostages. Ironically, it is the tea party people who have followed Obama’s advice to “put country over party.”

Link: Media Reality Check: During Debt Talks, Liberal Media Savaged Tea Party as Ignorant, Irrational Terrorists