Yippie! Hooray! Yahooooo!

Markets are up because the Euronuts are intent on committing economic suicide and the U.S. economic news was great! The GDP was up 2.5%!

WooHoo! Great! There Is No Recession! No Depression

Except that

1) official unemployment is still through the roof

2) unofficial unemployment (those falling off the books like yours truly) is far far worse

and, smelling a rat in the woodpile I went looking and found,

3) About that GDP number

2.5%

Just so we're clear

GDP is defined as " the market value of all final goods and services produced within a country"

Now, I'll kindly direct your attention to the Consumer Price Index, This chart in particular, which is the change in CPI for ALL goods month over month year over year

Down there, at the bottom

Sept 2010 -- 218.439

Sept 2011 -- 226.889

well, that's an increase of 3.9 % (ok, 3.868%) over last year.

Huh.

So EVERYTHING costs roughly 3.9% more than it did last year.

So if the market value of all goods and services is 2.5%, and the cost to buy those goods is 3.9%, doesn't that kinda wipe out any good GDP news? At the very least it says the increase in GDP is ALL because of INFLATION.

I heard this elsewhere locally paraphrasing some fella nationally (sorry to disillusion you but I ain't that smart) so please, tell me what I'm misunderstanding here because to me

IT DOESN'T LOOK LIKE THINGS ARE GETTING ANY BETTER.

Listen, y'all can believe whatever the hell you want.Life is great things are coming up roses go back to your Ameican Idle Dancing with the Farts even some knucklehead pundit on Foxnewsforchrissakesaysthingsarelookinggreat if you want.

Me? I still got problems. And so do 25% or more of wishtheywereworkingamericans.

So I'll go back to the fruitless pointless job hunt and trying to convince MY creditors to forgive 50% of my debt and my friends and neighbors to GIVE me $140,000 so my Too Small To Care About :) bitter clinging white ass can stay somewhat solvent.