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Willisms

« Read... | WILLisms.com | Da Jihadi Code »

Trivia Tidbit Of The Day: Part 337 -- GDP Growth 5.3%.

Way Awesome-

Thanks to tax relief, the economy is booming (.pdf):

5point3gdpgrowth.gif
-click for larger version-

Policies matter. Elections matter. Majorities matter.

For more raw data, visit the BEA's website.


-------------------------------------

Previous Trivia Tidbit: Woman: Woah, Man.

Posted by Will Franklin · 25 May 2006 10:34 AM

Comments

Yes, but this only impacts those who work !
(no help for those who do not or refuse to)

Posted by: Chief RZ at May 25, 2006 11:01 AM

Would the left dub this as "Chimp-o-nomics"?

"Way Awesome" indeed.

Will and Ken - this is a very, very good blog.

Continued success to you (and the economy).

Posted by: snowballs at May 25, 2006 08:38 PM

And continually, the MSM will under-report the story that GDP is growing at 5.3%, but over report that inflation is growing at 3% based on higher fuel prices. Under report core inflation at 2.0%, but over report housing slowdown and higher mortgage rates. Over report the Fed raising short term rates that are so far below average for the last 30 years it is not funny.

Here is the thing--higher gas prices affect all of us, but the flip side is that other prices are not rising. Why are other prices being kept in check? Why are we not paying more and more for food and other goods? Why is inflation not taking off? One word--WALMART.

That is right, the evil of all evils also happens to be the reason why inflation over the last 20 years has remained in check. You see, despite the fact that mom and pop businesses alledgedly are shutting down everywhere Walmart goes, the fact is that Walmart is forcing their suppliers to improve their supply chain and increase efficiency in order to turn a profit. Walmart has singlehandedly forced a wave of innovation in supply chain management that eliminates inventory and stocking and all of the other inefficiencies of running a retail chain. And if you want to stay in business, you either copy Walmart or are done. Target has implemented the JIT ordering and uses many of the same advantages Walmart does, thereby keeping consumer prices in check.

So thanks to Walmart we get the double benefit of low inflation and rapid GDP growth. And California and the Liberal A-holes out there that rail against how Walmart squeezes their employees and suppliers, fail to realize that this forces new efficiencies that are the only reason things are staying in check.

Funny thing is, you want to talk about the real problems in this country with financial issues for working Americans, it is not gas prices, but college tuition prices that are rising through the roof. But we can blame Walmart for their tactics that hurt America, but we never blame the Liberals in Education that have raised prices far outpacing inflation and are squeezing middle class Americans out of college and bringing in more and more poor and rich people who either get student aid or have the means to pay cash.

Posted by: Justin B at May 27, 2006 04:43 PM