Midknight Review -- new and revised: GDP is stuck in a slump. Here is what we can expect.

Economic growth slightly faster than first thought
WASHINGTON (AP) - The economy grew slightly faster last summer than first thought, benefiting from stronger spending by U.S. shoppers and improved overseas sales of U.S. goods. The Commerce Department reported Tuesday that the economy expanded at a 2.5 percent annual rate in the July-September...

Notes: understand this this 3rd quarter report, a measure of GDP, wil l be revised in the coming weeks. It may turn out that this is little more than "legitimatized propaganda" for the Administration. There was all that talk about growth in 2009. In the end, "real" GDP compared to 2008 actually declined but that did not make the headlines. This year, the third quarter is averaged into the previous two quarters, 2.0 % and 1.7 %. Growth at 2.0 % is not strong enough to produce more jobs than we are losing. Most experts agree that we need a growth rate of 2.5 to 3.0 percent to create a positive jobs report.

Yesterday, we carried a report that the stale economy may be with us through 2011.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

GDP is stuck in a slump. Here is what we can expect.

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