War Lost; Economy in Tatters; GDP Revised Up

I have taken some well deserved whacks at FOX News. But I must confess I could not watch the DNC without them. We had MSNBC on last night to hear Rep. Harold Ford, and as I was trying to switch away before I had to hear Keith Olberman, he said (I quote from memory but I do not exaggerate): "[President Clinton] will have to give a good speech to support Obama, because they have to live in this country too. She's thinking about 2012, but if we elect another Republican we may not make it to 2012."

Brit Hume, conversely, has been gently chiding the Democrats for their dire descriptions of the misery in Bush-McCain-Amerikka. Hume said the other night "You'd think we were living in Belarus." Apologies to Minsk and all, but if you've caught even the keynotes, wow -- who knew things were this bad?

Just as General Petraeus won the war while the primary Democrats were arguing about surrender options, one wonders if the Depression, Recession, Slowdown might not cooperate until November. The WSJ reports Economy Grew 3.3% in 2nd Quarter,
Much Higher Than Initial Reading

Gross domestic product rose at a seasonally adjusted 3.3% annual rate April through June, the Commerce Department said Thursday in a new, revised estimate of second-quarter GDP.

Originally, the government had estimated second-quarter 2008 GDP climbed 1.9%. First-quarter GDP increased 0.9%.

This is a media post and not a politics post. If we had 9% growth, I don't think the NYTimes would drop its gloom-and-doomism until January. But if oil falls and housing stabilizes, will the Keith Olbermans of the world be able to make the bad times last until November?

DNC2008 Posted by jk at August 28, 2008 10:34 AM