1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Gov to edit estimates on economy going back to 2001

Discussion in 'Economics and Financials' started by padre31, Aug 1, 2009.

  1. padre31

    padre31 Premium Member Luxury Box

    99,465
    37,345
    0
    Nov 22, 2007
    inching to 100k posts
    http://www.bloomberg.com/apps/news?pid=20601087&sid=aNivTjr852TI

    It amazes me that anyone with more than a room temperature I.Q would read or bother to put any trust into economic numbers released by the .Gov.

    Here, not only was the economy in much worse than we thought in 2008, in 2001, it really wasn't that bad.

    For example:

    Nice, so what you purchase for dinner, if it goes up in price, does not count, as it is "fresh", what you buy at McD's for .99cents "counts" because they can lower their prices via market monopolization for bulk frozen food sales.
     
    maynard and gafinfan like this.
  2. gafinfan

    gafinfan gunner Club Member

    Hey, just pick a number and then make it say what ever you want it to say! Thats the US Government way!!:lol::shifty:
     
    padre31 likes this.
  3. 2socks

    2socks Rebuilding Since 1973

    8,143
    2,103
    113
    Nov 27, 2008
    Atlanta
    Inflation is coming and they know it........Obama's way of manipulating us again

    Kind of like it was always a 2 year plan and 4 million jobs created or (saved)

    I believe Lincoln said you can fool some of the people some of the time(52%)

    but you can't fool all the people all of the time (48%)
     
    padre31 likes this.
  4. Agua

    Agua Reality: Try It!

    5,257
    1,725
    113
    Apr 28, 2008
    Holy cow that's about as "in your face" as you can get. Haven't looked at financial press in a few days; what's the take on this BS? I know already, but wondering if any gut buster comments have been generated.
     
  5. padre31

    padre31 Premium Member Luxury Box

    99,465
    37,345
    0
    Nov 22, 2007
    inching to 100k posts
    Another timely bump, this stuff was all predictable.
     

Share This Page