Wednesday, October 8, 2008

The fundamentals of the economy are sound

At least they were when McCain said this. Fundamentals are GNP growth (2.7%) and unemployment (6%). Exports are up. Despite Obama's mockery, these are good numbers. If GNP is growing, we aren't in a recession. Six percent unemployment used to be considered normal.
The financial world is sliding down the chute, but the real economy is still doing reasonably OK.

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