09 March 2008

Why Is This In The News?

In the British Police Force there is apparently an investigation into possible infiltrations by Al Qaeda.  At least there was.

MI5 agents are watching the four suspects — who work at different police stations around London — and gathering evidence needed to make arrests.

If these are infiltrators, won't they just stop their activities until the heat is off?  Or just take off and return home to fight another way?  Whoever leaked this story should be shot.  The staff at the Daily Mail responsible for publishing this should be arrested for interfering with an investigation and possibly endangering national security.

I hate the traitorous mainstream media.  An investigation spanning over 2 1/2 years is probably blown now.

Posted by: Stashiu3 at 21:22:42 | No Comments | Add Comment
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01 March 2008

But Wait... Haven't We Been in a Recession? Part 2

More doom and gloom from the MSM.  Here they say:

Analysts said the two new reports Friday were just the latest danger signals that the country was edging perilously close to a recession.

But wait, they go on:

Other than two negative months in August and September of 2005, which reflected the disruptions from Hurricane Katrina, inflation-adjusted consumer spending has not been so weak since November and December of 2001, when the country was struggling to emerge from the last recession.

But was that really a recession?

The classic definition of a recession is two back-to-back quarters of declining gross domestic product.

Notice it doesn't say anything about adjusting for inflation, does it?

From Wiki

The U.S. economy shrank in three non-consecutive quarters in the early 2000s (the third quarter of 2000, the first quarter of 2001, and the third quarter of 2001). Strictly speaking, the U.S. economy was not in recession during this period -- the common definition being "a fall of a country's real gross domestic product in two or more successive quarters."

Go figure.

Posted by: Stashiu3 at 23:36:23 | Comments (4) | Add Comment
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25 February 2008

But Wait... Haven't We Been in a Recession?

Apparently not.  Despite the doom and gloom forecasts, wailing about the housing crisis, jobless claims, and F-E-E-L-I-N-G-S that we're in a recession and have been for oh, about 7 years (roughly), we're not.  We haven't had a recession that entire time, including right after the 9/11 attacks.

The media has been trying to push us into one so they can point to how tax cuts, the Bush Administration, Global Warming, and making fun of John Kerry have all led to a failed economy.  Even the linked article can only point to expectations of "reduced growth".  Last time I checked, something that was still growing didn't meet the definition of something that was receding.

Just sayin'

Posted by: Stashiu3 at 16:55:00 | Comments (7) | Add Comment
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