Thursday, December 23, 2010

End-of-Year Econo-mishmash...

Fuel prices are a-risin' (national average at $2.99 as of yesterday, and oil price for barrel is currently at $91), adding inflationary pressure.

Stocks are flat due to lower than expected GDP growth.

Good news, though, is that Senator Reid pulled the pork-filled spending budget. (Republican pork was $1 billion, Democrat pork was almost $52 billion.)

Good news, though, is that the GOP landslide last month forced The One to continue the Bush tax cuts for 2011.

UPDATE: Durable goods drops and November consumer spending stays flat once you factor in inflation. Stag-flation, baby!

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