ViceZilla’s Views

In a matter of 3 months the GDP growth rate dropped from 4.9% to a barely noticable 0.6%, and Bush and his cronies are telling us that the economy is not anywhere near stagflation. ‘Stagflation’ by definiton means, “a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation).

Ummm, are they talking about the same economy as you and I are living in, or they talking about the utopia known as ‘Bushopia’?

0.6% growth rate can hardly be considered any growth at all. The Labor Department reported Thursday that new applications for unemployment insurance benefits rose by 19,000 to 373,000 last week, and the price of gasoline just keeps going skyward.

So just what, exactly is the Government’s definition of ’stagflation’! Because from where I’m sitting, we’re well past the stagflation point, and getting ready to plummet over the cliff called recession!

Bush the Stagflationator thinks 0.6% is this big

Technorati Tags: Bush, Stagflation, Recession, Economy, FED, Ben S. Bernanke

Tags: Bush Administration //