>>The U.S. economy expanded less than thought
Meanwhile...
Posted on 12/22/2011 6:12:37 AM PST by Recovering_Democrat
The U.S. economy expanded less than thought during the third quarter as consumer spending fell short of an earlier estimate, though signs point to stronger growth in the final months of the year.
(Excerpt) Read more at online.wsj.com ...
Downward revision?! I’m shocked.
Downward revision?! I’m shocked.
really. I don’t even bother when the initial announcements are made...they can make the stats read any way they want.
Agenda - Grinding Down America
America is like a healthy body and its resistance is threefold: its patriotism, its morality, and its spiritual life. If we can undermine these three areas, America will collapse from within. - Joseph Stalin
"Socialism is precisely the religion that must overwhelm Christianity. … In the new order, Socialism will triumph by first capturing the culture via infiltration of schools, universities, churches and the media by transforming the consciousness of society." Antonio Gramsci - Marxist - teacher of Saul Alinsky
"Dishonesty and incompetence so often goes hand in hand, because one is used to hide the other"...
Notice how every estimate is over the top inaccurate to the benefit of the administration and has to be revised down (with subsequent announcements which are given little press attention).
Government reporting. Jumbo shrimp. It’s all the same, an oxymoron. We all know the farce, report one set of numbers for the headlines and then revise them downward later in the dead of night. And the corrupt MSM plays right along.
For those who want to know the figure....
Gross domestic product, the broadest measure of all the goods and services produced in an economy, grew at an inflation-adjusted annual rate of 1.8% in the July to September period.
Mission accomplished, though, the earlier headlines had their impact. Bastards!
But, but, but ...job claims are DOWN.
Oh, I guess it’s because THERE’S NO GROWTH.
But we’ll still hear that there are less job claims, and that it’s a good thing!
The truth is — America is dying from within. We’re bleeding out. In the end, we’ll end up in total shock, unable to function at all.
We need to stop the bleeding. We need to stop the outward flow of truth, of mortality, of freedom, of patriotism — to this great land. We don’t and we’re dead.
Putting on bandaids like Romney and we’ll continue the slow bleed.
Completely agree.
“Economic Growth Revised Lower for 3rd Quarter “
Noooooooooooooooooooooooooooooo. Really?
So the first-time claims for unemployment dropped to 366,000. On its face it might sound ok, but interestingly NOTHING is said about temporary holiday hiring.
Ah, well... we’re in the “let’s-feel-great-about-Obamunism-again” mode. The unemployment numbers will be engineered downward to drop below 8% by October... magically just in time for Americans to believe in the wonders of socialism and re-elect Obama.
The article states that economist expected no revision...HA.. which makes posters on the FR much smarter that Ivy League trained economists....
"Captn' we're running through an ice field and we're already scraping icebergs."
"Hey, what are you trying to do, keep me from my next commission? My plans are set. Full Speed ahead!"
And all we hear the last month is “every number indicates we are rebounding!”.....liars all. Local AM and FM news, TV, Papers, Network TV. ALL OF OUR POLITICIANS - ALL OF THEM. Everything looks great, the quietly they go back and correct past weeks/month’s data.
Yes and the public is falling for it. Obama is up to 49% on Rasmussen today.
Yes, but the new unemployment number is down to 364,000 new claims.
[Wanna bet that that will be revised upward soon? By next October the numbers will be astounding. I look for UE to be just under 7% (6.9%) — only to be revised upward after the election. We will be astounded at the amount of manipulation of the numbers that can and will occur in the coming months. And the Pubbies think they will have smooth sailing to get their candidate elected. By October, the MSM and Dems will have polished the t*rd so much that ‘it’ will shine.]
But fear not. The stock market is up 50 points and will be up over 100 by days end.
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