[Prokopton]

We have now completed 27 months of the Obama recovery, which the NBER says started in July 2009. The economy appeared to weaken during the summer, but assuming that 3Q2011 comes in the same as 2Q2011, then over the nine calendar quarters of recovery, real GDP (RGDP) will have grown by a total of 5.34%, equivalent to an annualized growth rate of 2.34%.

Does anyone really believe this?

[Justa]

Nope and no one should believe it. They change the data sets, forumlas and weightings at will for unemployment, GDP, CPI, etc. They publish their changes on the respective websites -so I guess that makes it ‘ok’ for journalists to do the government’s bidding. Even the SGS website misses many of the government’s favorable adjustments of the figures.

This is why it’s “different this time” the economic numbers are not credible so nothing is responding accordingly. Real facts and numbers are public secrets. The rest is pablum to convince the voters things aren’t that bad.