Idiot of the day: Putin
A random fluke that sent oil prices to bubble levels has produced a very small dead cat bounce of his GDP, making him think it was not because he was simply lucky. Sure, comrade colonel (or, should I rather say, citizen colonel :), it was not because you were simply lucky but rather because you were extraordinarily lucky. Here's hope that if oil goes to $150, the economy will eke out another 3.1% growth under your wise leadership.
"The situation really has been quite complicated," admitted Putin. "It is now far from benign but the gloomiest predictions were not realized -- and not because we were simply lucky."
Putin, who battled through his speech despite a heavy cold, confirmed the government's prediction for 3.1 percent growth in 2010 but said it could be higher. Finance Minister Alexei Kudrin has said four percent is possible.
"The recession in our economy has ended. We also have very good starting conditions for moving forwards," said Putin, adding that statistics for the first quarter of 2010 had inspired optimism.