U.S. Posted Budget Surplus of $59.1 Billion in April... first surplus since 2008 (user search)
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  U.S. Posted Budget Surplus of $59.1 Billion in April... first surplus since 2008 (search mode)
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Author Topic: U.S. Posted Budget Surplus of $59.1 Billion in April... first surplus since 2008  (Read 976 times)
King
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Posts: 29,356
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« on: May 11, 2012, 04:55:36 PM »
« edited: May 11, 2012, 04:57:54 PM by King »

No, it really happened Simfan. I'm just not sure if it will be sustained or if this is a one time thing.

As the full article points out, and wormyguy alluded to in an attempt to appear clever, April is more often than not a surplus month for reasons that should be obvious.  A slip back into deficit is not just likely but expected.

A surplus was recorded in 44 of the last 58 Aprils.  Whereas 2009, 2010 and 2011 were among those 14 'bad' Aprils, 2012 was not one of them.  Therefore, an economic recovery is indisputably underway.

*Sarcasm* I am glad to hear that 2008 was an "indisputably" strong year from an economic standpoint! Great logic, my boy! *End Sarcasm*

Sadly, the bears are right and the bulls are going down.

You are trying to make either two of the following points:

(1) Budget surpluses equate economic collapse

(2) America was in a recession in April 2008

Both of them, if correct, are negatives for your candidate if true.  How non-partisan of you to try and point it out.

The stock market is a leading indicator

And the Dow Jones is up 5,000 points since Obama's inauguration.
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