"Real" GDP

From the BEA website: GROSS DOMESTIC PRODUCT AND CORPORATE PROFITS: Second Quarter 2008.

Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 3.3 percent in the second quarter of 2008.

Domestic profits of financial corporations increased $24.7 billion in the second quarter, compared with an increase of $37.3 billion in the first.

Are you fuckin' kiddin' me?

Financial companies had NO true profits in either Q1 or Q2. In fact, they were busy taking writedown after writedown marking down even past profits as fake.

Guess someone forgot to tell the government statisticians.

BWAHAHAHAHHAHAHAHAHHHHHHHHHHHHHH!!!