Monday, January 29, 2018

Denialation: The Problem That Fixes Itself

The problem with Donny's tax cut for Billy Gates, is that it's a tax cut for Billy Gates...

But as always, don't take my word for it:

"Big picture: Americans increased spending in the final three months of 2017 at the fastest pace in almost two years, reflecting an economy hitting its stride nearly nine years after the end of the last recession."

Actually, "hitting it's stride" exactly 10 years to the month since the last recession started.

Any questions?

Unfortunately, what we have is a society run by industry-captured used car salesmen, who are wholly incapable of telling the truth...

Remember Donny's proud third quarter 3% GDP figure, which inconveniently just turned back into a 2.6% fourth quarter pumpkin?

Well that was Hurricane Harvey and the broken window fallacy at work i.e. more GDP borrowed from the future:

"U.S. car sales fell 2017 for the first time since 2009.

But don't panic -- the dip was fairly modest and the industry is still in pretty good shape."

But then why does Dumbfuckistan not see this coming?

You had to ask...

You see, I had an epiphany over the weekend: Economists are like used car salesmen, in that they don't like to give out bad news. They are constantly selling optimism, because optimism itself is one of the key ingredients in an economic expansion.  

Which is why they are always more than willing to extrapolate insolvency into the indefinite future. And why ALL recessions are backdated.

Because no proven jackass sees them coming. Ever.