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Politics : Politics for Pros- moderated
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To: LindyBill who wrote (263679)8/29/2008 3:42:00 AM
From: Neeka   of 793927
 
He said that our economy has made great progress under this president. He said that the fundamentals of the economy are strong.

And he's right:

March 10, 2008
Pretty Darn Good...(An Update on "Two Recession Bush Presidency?")



Figure 1: Log personal income less transfers in 2000Ch.$ (blue) and log nonfarm payroll employment. Real personal income calculated by subtracting off transfers from personal income, and deflating by the personal consumption expenditure deflator. Source: BEA and St. Louis Fed FRED II, accessed 8 March 2008.



Figure 2: Log industrial production (blue) and log manufacturing and trade sales, in Ch.2000$. Source: Federal Reserve Board via St. Louis Fed FRED II, and BEA, accessed 8 March 2008.

I don't have the Macroeconomic Advisers monthly GDP series, but I do have the e-forecasting.com series. That GDP series has been flat for months.

my note: latest GDP series up 3.3%



Figure 3: Monthly real GDP, flash estimate, at SAAR. Source: e-forecasting.com, release of March 7, 2008.

econbrowser.com
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