Comments on: Monthly Treasury Statement Comes in as a Clunker http://www.bizzyblog.com/2008/03/17/monthly-treasury-statement-comes-in-as-a-clunker/ The Business End of the Blogosphere Tue, 02 Dec 2008 19:11:26 +0000 http://wordpress.org/?v=2.5 By: dscott http://www.bizzyblog.com/2008/03/17/monthly-treasury-statement-comes-in-as-a-clunker/#comment-121166 dscott Mon, 17 Mar 2008 13:45:52 +0000 http://www.bizzyblog.com/2008/03/17/monthly-treasury-statement-comes-in-as-a-clunker/#comment-121166 The fact that receipts have either not risen or stayed the same but actually dropped means a negative GDP performance. IMO, receipts are based on GDP. The MSM got it's wish. But like all wishing, be careful what you ask for because you just might get it. Our consolation prize might be the NYT going belly up and of course Air America 2.0 will go bust in October in any event. Since W is not going to be president in 2009, I don't believe the Dem formula of bad economic news is going to help them like they think. It may have helped Clinton when he ran against George Sr. however, this time around, there is no personification in the form of a POTUS to run against. By the way I wonder what Tracey is thinking about the Bears Sterns buy out. Who else is going to have to go down in order to write off those mortgage derivatives? The fact that receipts have either not risen or stayed the same but actually dropped means a negative GDP performance. IMO, receipts are based on GDP. The MSM got it’s wish. But like all wishing, be careful what you ask for because you just might get it. Our consolation prize might be the NYT going belly up and of course Air America 2.0 will go bust in October in any event.

Since W is not going to be president in 2009, I don’t believe the Dem formula of bad economic news is going to help them like they think. It may have helped Clinton when he ran against George Sr. however, this time around, there is no personification in the form of a POTUS to run against.

By the way I wonder what Tracey is thinking about the Bears Sterns buy out. Who else is going to have to go down in order to write off those mortgage derivatives?

]]>