Thursday, November 6, 2008

The Numbers Game

The MSM has been telling us that this is the worst economy since the Great Depression. Some quick numbers:
  • Unemployment: 6.1% (September 2008)
  • Inflation Rate: 4.94% (September 2008)
  • Mortgage Rate: 5.625% ($250K, 15-year fixed, November 4, 2008)
  • Dow Jones Industrial Average: 9625.28 (4 November 2008 close)
  • Nasdaq: 1780.12 (4 November 2008 close)
Remember these numbers, because in three years, the same MSM will be telling us that President Obama's economy is booming with an 8% unemployment rate, 12% inflation, mortgages at 10%, and a stock market around 10,000.

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