Posted by: Rick | Friday, October 30, 2009

GDP Up 3.5%. Wall Street Republicans Start Flip-Flopping

In February they said Obama’s stimulus bill wouldn’t stimulate anything. 

Now they’re saying the economy is on an unsustainable “sugar high” due to government spending, and we need to start raising interest rates to slow things down. 

As Steve Liesman — one of the few sane commentators on the CNBC payroll — scornfully asked last night,  “Isn’t 10% unemployment high enough for you guys?”

Never, never, never, never, never give credence to the Wall Street economic talking heads you see on television.  They’re Republican political hacks who never met a tax cut that wouldn’t solve all our problems.

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