Monday, February 26, 2007

In Other News...

On Monday, U.S. officers discovered a factory for making roadside bombs, explosively formed projectiles (EFPs), and other weapons out of Iranian-made components.

...Iran denied any link between themselves and the Shiite insurgents.

Take a look here for the whole article.


Here's another good example of how bad news sells...
Greenspan has predicted that there will be a recession...soon. Apparently, the US economy has been expanding since 2001, and "When you get this far away from a recession invariably forces build up for the next recession..." .

The "U.S. budget deficit...for 2006 fell to $247.7 billion, the lowest in four years..." and "The U.S. economy grew at a surprisingly strong 3.5 percent rate in the fourth quarter of 2006, up from a 2 percent rate in the third quarter.

I don't know about you...but I think that's all pretty good news...I'm certainly not trying to contradict Mr. Greenspan because I have little-to-no grasp of how the economy actually works...but once again, maybe we aren't really going to hell in a hand basket.

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