10. FSP did not mention Romney for 3 days. Something is wrong.
9. Preliminary reports show wind power to be the second choice to gas fired plant. Risky choice.
8. If generals resign, we will not go into Iran. War is over. Military stocks fall.
7. Wayne Smith retires. Now it will be much more difficult for corporations to screw average citizens.
6. All of the Libby jury showed up wearing red.
5. Al Gore won an Oscar making “Global Warming” an official policy of the United States of America.
4. Someone actually totaled up Bush’s deficit and figured out how much we were in the hole.
3. Obama’s strong showing puts doubts that insiders Hillary or McCain will win.
2. Mysterious Men in Black showed up at Kilroy’s, driving a MIni Cooper and then forgot to “neuralize” him when they left.
1. They lied to us about 9/11. They lied to us about WMD’s. They lied to us about Valerie Plame. Who would ever expect that as we approached an election that they would lie about the fourth quarter’s economic data?
kavips 
8 comments
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March 2, 2007 at 1:53 am
tommywonk
A plausible set of explanations. Now if I could build an econometric model that has all of this factored in, maybe I could make some money.
March 2, 2007 at 9:43 am
Anita
Only very little reasons. What about Chinas stock fall.
March 2, 2007 at 12:02 pm
David Anderson
Deficit? You missed the story highlighted at http://stoptaxing.wordpress.com/2007/01/25/budget-deficit-down-big-time/
March 2, 2007 at 3:08 pm
kavips
David, good to hear from you again. You are correct. Unfortunately I did miss the story highlighted above. Thank you for sharing it. I recommend that every viewer reads it.
However, I was wondering if perhaps you missed some of the details buried in the sentences from that Washington Times’ article you posted, particularly this one:
…..”But the CBO cautioned that the short-term number doesn’t include $30 billion in expected war costs, and that the long-term picture is unlikely to materialize because it assumes giant tax increases with the expiration of President Bush’s 2001 and 2003 tax cuts and with the growth of the alternative minimum tax. Congress and the president have promised to cut at least some of those taxes.”
Notice it assumes GIANT TAX INCREASES with the expiration of Bush’s tax cuts and the growth of the alternative minimum tax.
“When these adjustments are made, the estimates from CBO become a bleak reminder of how much current policy will need to be changed to return the budget to a fiscally responsible course,” said House Budget Committee Chairman John M. Spratt Jr., South Carolina Democrat.
And from the president’s financial planner:
Rob Portman, director of the Office of Management and Budget, said Mr. Bush will show a higher deficit in 2007 and different projections for later years because………. the administration’s budget will assume the tax cuts do not expire.
So it seems that the “good news about the deficit” which you were so gracious to post, is derived from the expectation that a Democrat majority will do away with most of Bush’s tax cuts.
(Now, I know you are somewhat of a partisan, and perhaps someone could say that of me as well,) but this good news from the CBO can only lead an impartial observer to say “Hooray for Democrats!”
“The good fiscal news is thanks mostly to extraordinary revenue growth, rather than spending cuts.”
Thank heavens we have finally again returned to the level to which we were accustomed to when led by the Clinton economic team. Perhaps had this country’s leaders not chosen to tinker with something that was previously working so well………………
” Although Mr. Bush has touted a promised balanced budget by 2012, the CBO’s projections show the balance would be achieved without any help from Mr. Bush — as long as he didn’t propose deeper tax cuts or more spending.”
I am confident that all Americans will join me in appreciating the fact that deficit spending is projected to disappear at the end of the next president’s first term. The problem with your, and fellow Republicans attributing this to the Bush tax cuts, finally growing us beyond the deficit shadow, is that in five years, 2012, this country will again be only as fiscally sound as we were under Democratic leadership 7 years ago.”
I understand your frustrations and those from other Republicans, for your esteemed policies did not work. But I am heartened that your party has realized this and is now flocking to join the Democrats in doing away with those Bush tax cuts which essentially wasted 12 years of our lives.
I will finish with a quote from article you so graciously posted:
House Majority Leader Steny H. Hoyer, Maryland Democrat, said that however good the news, it is still a long way from the huge surplus projected for 2007 when Mr. Bush took office six years ago.
“The reality is that this CBO projection represents a $750 billion deterioration in the budget outlook for fiscal 2007 from the one President Bush inherited when he took office,” Mr. Hoyer said.
Thanks again David for providing us this evidence proving “Taxes are good.”
March 2, 2007 at 8:10 pm
Tyler Nixon
kavips! You figured it out!!
I admit I wish this modification of your line above was closer to truth : “…. your party has realized this and is now flocking to join the Democrats in doing away with Bush who essentially wasted 12 years of our lives.”
Of course, I mean “doing away with” politically…..
March 2, 2007 at 8:10 pm
Tyler Nixon
(I know it’s not actually 12 years……it only feels like it).
March 3, 2007 at 2:55 am
kavips
I was referring to the span of time the budget was and will be in deficit: from the year 2001 to 2013, since it will be four years into the next president’s term before we can undo the damage wrought by these silly give aways.
March 3, 2007 at 8:09 pm
Tyler Nixon
I understood, kavips. I was just expanding your indictment of Bush beyond his war time kickbacks to the wealthy.