Wednesday, October 28, 2009

No Kidding

‘Jobs Created or Saved’ Is White House Fantasy: Caroline Baum - Bloomberg.com

Maybe some folks outside of the 40% of people that are conservative and Fox news will finally realize just how stupid a "created or saved" statistic is.

This is a nice little point not covered in the MSM that might make your stomach drop a big if you know anything about business:

No wonder capital spending plans were at an all-time low in the third quarter, according to the NFIB monthly survey.

All-time low? Oh my god! It makes sense, it is just about as sobering as the two wars that are now falling apart under the mismanagement and dithering of his roayal BOness.