New program: Cash for Robots

Screen shot 2009-10-30 at 8.26.20 AMYesterday, this article in the WSJ reported that the the seasonally adjusted annual rate of the gross domestic product (which is the basic measure of a country’s economic performance and is the market value of goods and services in that country) is up 3.5% in the United States. This means that over the past few months, indicators that people trust to evaluate the market are moving in a positive direction. And even though news media outlets continue to speculate about when the recession might end, there’s actually an official consortium that officially decides when recessions officially begin and officially end. How ’bout that? It’s called the National Bureau of Economic Research (NBER). They were founded in 1920 and they’re a nonprofit / nonpartisan org devoted to better understand of our economy. So, there’s that. They’re staffed by the usual set of national luminaries and award winners, and they’re the ones who, like John Lithgow in “Footloose,” might tell us it’s okay to dance “the economic rebound” at the end of the movie. I may send an email to the NBER and suggest that successful movies directed by Michael Bay be listed on their roster of economic indicators.  Half a billion in box office receipts should count as an official economic stimulus, especially when it involves transforming robots from outer space.

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