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Surprise! Economic Numbers Are 'Worse Than Expected'
American Thinker ^ | August 16, 2010 | Claude Sandroff

Posted on 08/16/2010 3:30:59 AM PDT by Puzzleman

The current government employment report is just the most recent example of bad news for the economy expressed in depressing unemployment figures that the wizards in the Washington constantly find either "surprising" or "unexpected."

-- snip --

They're all surprised by how their theories fail in the real world because few of them have ever worked in the private economy, and they have no clue how government intrusion in the marketplace burdens the entrepreneur...

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Editorial; Government
KEYWORDS: obama; romer; unemployment; unexpected
This article really tells it like it is.
1 posted on 08/16/2010 3:31:02 AM PDT by Puzzleman
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To: Puzzleman

It is like the movie where they are all waiting for the government ‘crop report’.


2 posted on 08/16/2010 3:34:14 AM PDT by screaminsunshine (m)
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To: screaminsunshine

“Trading Places” (w/ Eddie Murphy and Dan Aykroyd) - one of my all-time favorites!


3 posted on 08/16/2010 3:36:46 AM PDT by nuvista (Obama-care - you think that arrogant Marxist "cares" about you?)
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To: screaminsunshine

4 posted on 08/16/2010 3:38:46 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: nuvista

“Turn those machines back on!!!”


5 posted on 08/16/2010 3:41:45 AM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: Puzzleman

“unexpected”

I hate that word. By whose expectations are the results “unexpected” anyway?

I have a company that has survived for 25 years, profitably. However, for the last two I have been upside down, have laid off half my staff and have not taken a salary since January 1st.

The only saving grace is that I get to post another carry-back on my previous taxes.


6 posted on 08/16/2010 3:43:49 AM PDT by norge (The amiable dunce is back, wearing a skirt and high heels.)
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To: Puzzleman
"Unexpected"

7 posted on 08/16/2010 3:53:23 AM PDT by SkyPilot
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To: nuvista

It...was...the...Dukes!!! It...was...the...Dukes!!!


8 posted on 08/16/2010 3:54:08 AM PDT by stevie_d_64 (I'm jus' sayin')
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To: SkyPilot

“Inconcievable!!!”

“There’s that word again...I do not tink it means what ju tink it means...”


9 posted on 08/16/2010 3:55:48 AM PDT by stevie_d_64 (I'm jus' sayin')
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To: stevie_d_64

10 posted on 08/16/2010 4:03:02 AM PDT by newfreep (Palin/DeMint 2012 - Bolton: Secy of State)
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To: abb

Yep that is it. Reality TV at its best. They all huddle around and wait for the ‘reports’.


11 posted on 08/16/2010 4:06:38 AM PDT by screaminsunshine (m)
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To: nuvista

It seems as though the prices of the stocks are based on ‘reports’ done by the government. If so the stocks are way overvalued. Why would the government make up reports that make them look bad?


12 posted on 08/16/2010 4:09:30 AM PDT by screaminsunshine (m)
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To: Puzzleman

What is sad is that she would be even offered a job at Berkeley. Fail miserably and muck up the largest economy in the world, but Berkeley opens it’s arms because she is one of the intelligentsia. It’s the thought that counts and the horrible people didn’t respond correctly to her stimulus.

I doubt that she will actually teach at Berkeley, it would be tough answering questions from students.


13 posted on 08/16/2010 4:16:32 AM PDT by listenhillary (When will our government stop abusing us and stop hurting our children?)
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To: screaminsunshine

And the effect has been no different: misleading information in order to manipulate the economy for personal gains.


14 posted on 08/16/2010 4:17:32 AM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: Puzzleman

Dontcha know the condition of the economy is because of the mess the previous administration left?

Dontcha know that the Democrat party is made up of brilliant, really really smart, intelligent, intellectual, superior humans who know what’s best for all the livestock in flyover country?

Hmmmm? Dontcha know?

/sarcasm/

IMHO


15 posted on 08/16/2010 4:20:20 AM PDT by ripley
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To: Ghost of Philip Marlowe

He who has the report ahead of time wins. Gee, I doubt if any ‘special’ friends get the report first.


16 posted on 08/16/2010 4:26:43 AM PDT by screaminsunshine (m)
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To: Puzzleman
Interesting article. Each evening the network national news shows do their utmost to put a positive spin on the depressing economic reports. Obama is not held accountable. Contrast these same network news organizations if Bush, or any republican, were president. Each evening there would be a 10 minute lead off segment of economic doom & gloom news. Not so with their boy Obama, it's all hopey-changey ‘the sun will come out tomorrow’ stuff.
17 posted on 08/16/2010 4:30:16 AM PDT by BluH2o
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To: screaminsunshine

That and money loaned at essentially 0% interest and the go-ahead to use borrowed money to back HFT programs and currency swaps on the FOREX. Yeah, hard not to win when you are allowed to gamble illegally with other people’s money.


18 posted on 08/16/2010 4:31:25 AM PDT by Ghost of Philip Marlowe (Prepare for survival.)
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To: norge

What’s a carry-back on my previous taxes?


19 posted on 08/16/2010 4:32:07 AM PDT by Vendome (Don't take life so seriously... You'll never live through it.)
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To: Ghost of Philip Marlowe

The four flushers are going to go down.


20 posted on 08/16/2010 4:33:06 AM PDT by screaminsunshine (m)
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To: Puzzleman

Anyone run across a list of the “unexpected” headlines from the last 18 months? I tried searching google, but it’s a hard phrase to word correctly.

That would be a nice piece of info to share with my liberal buddies.


21 posted on 08/16/2010 4:41:31 AM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: stevie_d_64; newfreep
“Inconcievable!!!”  “There’s that word again..."

It means like, a woman is inconceivable when she's insurmountable and impregnable.

22 posted on 08/16/2010 4:45:28 AM PDT by expat_panama
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To: CriticalJ

Try searching a more narrow database, such as the newspaper headlines at paperboy.com - that should get you closer to the list that you seek. Once you compile that list, post it here. I’m sure many would find it to be an effective weapon.


23 posted on 08/16/2010 4:49:47 AM PDT by Charles Martel ("Endeavor to persevere...")
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To: CriticalJ
Try this in google:

economy +unexpected

24 posted on 08/16/2010 4:50:46 AM PDT by paulycy (Demand Constitutionality Now: Islamo-Marxism is Evil.)
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To: Puzzleman
The likes of Romer wake up in the morning refreshed and excited about changing the Keynesian Kenyanesian multiplier in their faulty stimulus models from 1.3 to1.4
25 posted on 08/16/2010 4:58:55 AM PDT by Paladin2
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To: ripley
It's the Old Three Envelopes trick.

Envelope No. 1: Blame it (no matter what "it" is) on the prior administration. Score double points if that was Shrub.

Envelope No. 2: Appoint a commission to study issues. For example, there is an on-going study, now several decades old, looking into hyper-long term joblessness in OH. So far, after those decades dithering, "training" has been concluded as the key as elections have shown. Re-organize to bring focus and clarity.

Envelope No. 3: Seek re-election early and often. The need to "double down" is self-evident to all and the way of the truth and the light. Or, so we are told.

26 posted on 08/16/2010 5:03:32 AM PDT by jamaksin
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To: Puzzleman

When month after month the “economic experts” fail in their predictions, the only reasonable conclusion is that they don’t know what they are talking about.


27 posted on 08/16/2010 5:28:59 AM PDT by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: jamaksin

I love the audacity of those who publish those economic reports...it is the equal of trying to locate an airplane by sound rather than by sight. My advice is use your powers of observation and make your own conclusions. Don’t rely on some dope sitting behind a desk trying to gleen some detail from someone else’s study based on what is being reported to them. If you pass by many strip malls and note all the stores are leasing, that is a clue there is a problem. If you note a bunch of homes for sale seemingly forever in your community, there is a problem. If you pass by a truck terminal and note many idle containers (I did this for years traveling to work to give me a hint on the economy) there is problem. If your children and you cannot find gainful employment, there is a problem. You don’t need to rely upon some guy in a pin stripe suit to provide his oracle like wisdom on how things are going. When we use our powers of observation and analysis, we never fall victim to the word “unexpected” attached to an economic report in the “news”, especially today, where the press is a syncophant cheerleader of the programs of the dope in charge.


28 posted on 08/16/2010 5:44:40 AM PDT by Mouton
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To: listenhillary

Christina Romer?

Course of Economy Hinges on Fight Over Stimulus

http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704720004575376923163437134.html

...Economists who say Mr. Obama should have relied more on tax cuts cite research of an unlikely source: Ms. Romer, his adviser. In a study she and her husband, David Romer, conducted before she joined the administration, Ms. Romer found large multipliers from tax cuts, which she concluded “have very large and persistent positive output effects.” Tax increases, she also found, hurt growth.


29 posted on 08/16/2010 6:03:51 AM PDT by Son House (The Bush Tax Cuts Produced Better Results Than All The Democrat's Stimulus Bills Combined.)
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To: Paladin2

Course of Economy Hinges on Fight Over Stimulus

http://online.wsj.com/article/NA_WSJ_PUB:SB10001424052748704720004575376923163437134.html

...A study of 91 fiscal stimulus programs in 21 developed economies between 1970 and 2007 by Harvard’s Alberto Alesina found tax cuts were more stimulative than government spending.


30 posted on 08/16/2010 6:05:52 AM PDT by Son House (The Bush Tax Cuts Produced Better Results Than All The Democrat's Stimulus Bills Combined.)
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To: Mouton

Good comments on practical observation.
On a recent 1600 mile road trip, I notice that a lot of interstate billboards are still “available”.
This started in 08 and has continued. Don’t remember it previously.


31 posted on 08/16/2010 6:07:03 AM PDT by nascarnation
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To: Son House

Same article

Ms. Romer argued last year that this “multiplier” for government meant every dollar spent created about $1.50 worth of demand.


32 posted on 08/16/2010 6:13:26 AM PDT by listenhillary (When will our government stop abusing us and stop hurting our children?)
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To: norge

Good reports are unexpected.

Bad reports are expected.

When will these people learn?


33 posted on 08/16/2010 6:15:10 AM PDT by killermosquito (Buffalo (and eventually France) is what you get when liberalism runs its course.)
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To: nascarnation

If you went through Missouri. There was a move to ban billboards on interstates and the advertising companies built thousands and thousands of new billboards to get them grandfathered in before the law was enacted.

The law didn’t pass, and the busybodies made the situation 10 times worse trying to use the government hammer to create their utopia.


34 posted on 08/16/2010 6:17:16 AM PDT by listenhillary (When will our government stop abusing us and stop hurting our children?)
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To: nascarnation

Good one and one that I had not thought of before. Others I watch are the local help wanted ads, not so much for the number as the type positions available and what people are buying at the botique bottle stores...if they are passing on the high end wines and spirits in favor of something “less expensive”.


35 posted on 08/16/2010 6:18:03 AM PDT by Mouton
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To: Puzzleman
In other words.......;

You have been repeatedly lied to, misinformed about the actual condition of the economy and spoon fed information designed to manipulate your outlook of the MaObama Administration.

This way, they can still blame Bush for why they cannot “fix” this thing. They also make it sound like their Socialist methods are so superior, that some other force is defying and defeating them for no good reason. Surprising, Unexpected, Puzzling, has been the lead phrase every time they issue a report.

Unless that is, if the statistics appear to favor their agenda, then it comes out as “Exactly as we have planned!, CBO estimates PROVE that the bill (Worth over a Trillion Dollars.) will be “Deficit neutral”. (cute little buzz word.) Or, “My economic stimulus program HAS saved the economy from the “BRINK” of dire depression and destruction.” Or, that; “The economy will improve over the Summer months, and be back on track by this Fall. Unemployment numbers will also go down as we predicted.”

“Unless that sneaky evil Bush doesn't Unexpectedly Surprise us or ruin our plans again!”

36 posted on 08/16/2010 6:23:28 AM PDT by PSYCHO-FREEP ( Give me Liberty, or give me an M-24A2!)
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To: listenhillary

Instead, it’s probably closer to 10¢ on the $1. Romer should be declined a private sector job till she does the math and tells the truth


37 posted on 08/16/2010 6:26:15 AM PDT by Son House (The Bush Tax Cuts Produced Better Results Than All The Democrat's Stimulus Bills Combined.)
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To: Son House

University of Berkeley has her covered. They don’t need no steenkin private sector.


38 posted on 08/16/2010 6:30:46 AM PDT by listenhillary (When will our government stop abusing us and stop hurting our children?)
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To: Puzzleman

Good post, great thread. Two can play the economic war game the progressives/totalitarians have foisted upon free people. Defund their economy.

“It’s the economy, stupid.”

After the 2010 & 2012 elections defund their collectives.


39 posted on 08/16/2010 6:48:50 AM PDT by PGalt
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To: Puzzleman
They're all surprised by how their theories fail in the real world because few of them have ever worked in the private economy, and they have no clue how government intrusion in the marketplace burdens the entrepreneur...

That's exactly the point I was going to make. All of these 'surprises' are proof of how idiotic and inexperienced these people are.

Obama and Carter need to become the poster children for why we should NEVER allow inexperienced people to run for pres_ent. They are just too dangerous and naive.

40 posted on 08/16/2010 6:53:37 AM PDT by DustyMoment
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To: Charles Martel; paulycy

Thanks for the tips.

Alas, there is too much noise from other headlines.

When time permits, I’ll see if I can find the info in some other way.


41 posted on 08/16/2010 7:49:27 AM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: Vendome

I’m not an accountant, but mine told me, in words I can understand, that a loss carryback allows me to retroactively apply net operating losses to reduce my company’s taxes in a previous year.

I’m sure there are lots of rules, but that is his worry not mine.


42 posted on 08/16/2010 8:03:36 AM PDT by norge (The amiable dunce is back, wearing a skirt and high heels.)
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To: CriticalJ

Try searching Questia as well. You can narrow the search to newspapers only, then search within results to drill down to “unexpected” references tied to “economy”, “recovery” or whatever.


43 posted on 08/16/2010 8:13:35 AM PDT by Charles Martel ("Endeavor to persevere...")
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To: Vendome
What’s a carry-back on my previous taxes?

My accountant just offered to do this for me. I am a Realtor and have lost money in my business for the last two years, so I can average my income out from past years, not sure exactly how may years they can go back maybe three-five and move some of the high tax paying years forward and claim a refund. Received a $4700 refund check. Not a welfare check but a refund from the very high taxes I paid in '05 and '06.

44 posted on 08/16/2010 8:40:42 AM PDT by thirst4truth (The left elected a mouth that is unattached to an eye, brain or muscle.)
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To: abb

But, but,Mr. Duke....what about your brother?


45 posted on 08/16/2010 8:49:05 AM PDT by Texas Songwriter
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To: abb

“Looking good, Billy Ray.”


46 posted on 08/16/2010 8:50:39 AM PDT by dfwgator
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To: expat_panama

Like a large protective dike in Holland???

[Somehow I feel I may be going to hell for this comment...;-)]


47 posted on 08/16/2010 4:29:23 PM PDT by stevie_d_64 (I'm jus' sayin')
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