The US Government Just "Adjusted" Away $40 Billion In Real Disposable Income

Zero Hedge ^

[Perdogg]

Perhaps the Bureau of Economic Analysis was hoping that today's cornucopia of ugly income and spending data would be enough for those who keep track of the US government's Department of Truth shennanigans and ignore the meat behind the numbers. Whatever the reason, the real story in today's Personal Spending data was not the consumer weakness, but the unceremonious revision of historical data, which as the chart below mysteriously whacked away a whopping $40 billion in real (i.e., inflation adjusted) disposable income.

Because as the chart below shows, somehow, somewhere starting in March and continuing through the last month just before the election (the September data was released on October 29 or a week before Obama's reelection), $40 billion in cumulative disposable income evaporated. Where it went, and/or why it had been counted in the first place is anyone's guess. But one thing is certain: 0.25% of annualized GDP was just whacked away. One wonders: how many more such retroactive revisions will we see before reality and economic propaganda myth are finally superimposed.

[Red Badger]

Barely anybody believes anything coming from ‘da gubmint’ any more. And those who do don’t know what they are looking at.......

[Mouton]

But in our five year plan, the wheat will be there, comrade.

[Vortex]

‘similiar to the “Global Warming” Zealots historical modifications ...

[ILS21R]

Required “adjustments” to make Rats look good for 2016 when it starts climbing again.

[Texas Eagle]

Barely anybody believes anything coming from ‘da gubmint’ any more.

Wish that was true. Based on the recent election results, it seems at least 52% of Americans aren't as skeptical as they should be.

Not to mention 99% of tv and print newsholes.

[Don Corleone]

Winston Smith and his gang of revisionist elves are working overtime these days. It reminds me of the old Soviet Union and the glowing reports of bumper crops, huge tractor production and expanding economic outlook under Uncle Joe. It was all a lie of course but there was no other source of information so "What the hell, we believe it". Expect more and more truth manipulation as the days go on. The "Voice of America" is now Free Republic

[Perdogg]

It is ironic that Winston Smith worked with a woman named Julia.

[Nachum]

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/

[Red Badger]

Those who voted for Obozo are the leeches and parasites of society. They do not understand the concept of ‘limited government’, ‘personal responsibility’, or even ‘freedom’.

All they know is ‘da gubmint’ gonna gimme sumpin fo free iffin I vote fo ‘bama’..........

[circlecity]

"It is ironic that Winston Smith worked with a woman named Julia."

We shall meet in the place where there is no darkness.

[I am Richard Brandon]

"Barely anybody believes anything coming from ‘da gubmint’ any more."

Maybe it is time for the GOP to start 'pushing their agenda.' In the last election I received about ZERO pieces of mail from the GOP, and since I rarely if ever watch the alphabet soup mob, nothing from that source either. Very few posters at all along the streets, and no phone calls that I remember.

Did the GOP actually contest Obama?

[Doogle]

adjusted = stole

[Red Badger]

I don’t know what state you are in, but here in Florida we got mail everyday from all sides. Our mailboxes were stuffed with flyers and info cards from SuperPacs, AARP, NRA, NARAL, and any other org that wanted their candidate to win. Our phones were constantly being rung from pollsters, recorded push calls and all sorts of political advertisements. The TV airwaves were bombarded with hateful commercials, one right after another. from both sides.

If you aren’t in a ‘swing state’ I’d imagine that the election was fairly quiet in your area, seeing that all the money was being used for targeting other areas.......

[Roccus]

ICBW, but I believe both campaigns spent little to no money in states they either thought were sewn up or written off.

Didn’t see much on the Presidential campaigns from either party here in North Central WV....EVERY county in WV went Romney.

[RedMDer]

Less than $2.4k to go!!
240 FReepers with $10 or 24 FReepers with a $100 and we are over the top.
How about it FReepers. Any takers?