Posted on 12/22/2011 6:12:37 AM PST by Recovering_Democrat
The most glaring problem will be: All of the “rosy” budget and deficit projections which they have utilized over the past 2 years ALL assume 4% growth of GDP. As if we weren’t screwed before - we’re really screwed now. Baseline budgeting - what a sham!!!!!
I can't answer your question. But the BEA may have historical news releases you could peruse.
You can expect that next October the MSM will have glowing economic reports that will be revised way down in December.
ilgipper wrote:
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What was the original number? It is down to a lackluster 1.8%, but my brain is so overrun with economic numbers these days, I cannot recall what they initially announced.
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I think it was originally 2.5%. Then it was revised down to 2.0%. And now it’s 1.8%. But of course, the media willingly and gleefully use the original false “estimated” numbers to prop up Obama and mention next to nothing about the downward revisions.
Honestly, the government under Obama and the media are so evil and despicable. Collectively, they are nothing more than the eye of Satan.
“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.”
How does the first half of that sentence lend any credibility to the second half?
If the last “estimate” was wrong, why should I give credence to the next forecast?
and always with this sop: though signs point to stronger growth in the [fill in a sometime-in-the-near-future blank].
I recall it was SOP during the Clinton Administration as it was such a consistant tactic it couldn't be missed, and was brought to attention by numerous Conservative radio hosts at the time.
Other than that I don't know.
“HUSSEIN IS THE WORST. EVAH.”
No, he’s the 4th best, EVAH! Just ask him.
Meanwhile, CNBC says “The Economy is finally beginning to fire on all cylinders again!”.
NBC Propaganda in action.
If these people could convince the sheeple that 4.2% Unemployment under Bush was “The WORST ECONOMY SINCE THE GREAT DEPRESSION!”, why can’t they convince the sheeple that malaise and inflation is “RECOVERY!”?
“Should be good for another 500 point rise in the Dow.”
With the FED buying equities now, they can make the markets say anything they want, all on your dollar.
It’s called “Twist”
We have to conclude that the Federal spending is a double edged sword. If they didn't spend that borrowed money hundreds of thousands of government workers will be forced to ‘make more money in the private sector’ just like they always claimed that they could. But that would also free up credit an capital for private sector growth.
“Should be good for another 500 point rise in the Dow.”
OIL = up = federal govt. = pensions/retirements/increase bureaucratic agencies = government contractors = false pension market up = high commodities= unemployment for all else = what they call the economy.
follow oil’s rise to the above = false market
We all knew it would be reduced and it was a scam to try to boost the economy. And of course they release this news the afternoon before the holiday weekend. I think I told someone when they announced 3QTR GDP that they’d revise it over Christmas or New Years break.
I seem to remember it happening during the Bush administration a few times.
Looks like the weekly unemployment numbers are being reported later on Thursday than before.
Nevertheless, happy days continue to be here again — Heil Hussein!
They have been fudged since clinton... obama put it in hyperdrive.
LLS
...and often in 1983 and 1984.
It annoys me when posters ascribe the current state of affairs as incompetence on the part of Obama. He may be stupid. He sounds like it. However he is doing what he set out to do. Why don’t more people see that?
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