[Lazlo in PA]

Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.

[Tulane]

Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.
_____________

Lol, Lazlo...I thought the exact same thing.

Any chance you want to wager it gets revised down next quarter?

[SeekAndFind]

At this point in time when Reagan took over ( after the Carter recession ), the US GDP was growing by above 4%.

Same was true of Bush 43 after the DOT COM bubble recession and the 9/11 attacks.

That is what we should be aiming for if we want unemployment to fall significantly below 7%.

[cuban leaf]

—Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.—

I’m not. It’s based on ginned math.

Ever seen this:
http://www.youtube.com/watch?v=zPkTItOXuN0

Go to 8:40 if you don’t want to watch the whole thing. It’s very enlightening, regarding how they calculate GDP.

It’s a fantasy number.

[AD from SpringBay]

It must be easier to fake employment numbers than it is to fake the GDP. Great Leader needs a Czar to help remeasure GDP.

[chiller]

Agreed. Months, even years ago, I sensed good things for '12 because Obie's policies could not, would not succeed. They just needed time to ripen, and fall apart during campaign season. I'm breathing easier every week as another leg of the Obama administration crumbles.

And the farm child labor provisions--though withdrawn--serve a purpose to demonstrate what could be ahead.

SC decisions, Fast and Furious.....lots more to crumble.

[tiki]

I figure that it will be “unexpectedly” revised downward on May 31.

[GOPRaleigh]

This.

“Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.”