You can't make this stuff up. And how is this at all grounded in reality. I see a lot of business closures where I'm at and few, if any, new ones opening.
Any .3% drag from a partial government shutdown was more than made up for with a stimulus from the sales of barrycades and government hiring of extra security personnel.
So, the quarter WITH the government shut-down has the best numbers in 6 years, yet it is to BLAME for not being 0.03% higher??
Ok...
How can anyone believe any numbers coming out of this government?
They already admitted they messed with the unemployment numbers to skew the election.
And the ravages of ObamaCare on stretched household budgets aren’t even mentioned as the skunk at this year’s economic party? These people have no clue.
Is this the new accounting gimmicks instituted that takes in everything but the kitchen sink now? I don’t believe a damned thing coming out of this government. The daily evidence of a horrible economy is just too evident. If anything, it’s getting worse now with ObamaCare.
Inflation is deducted from the GDP. If the inflation figures were reasonably accurate (instead of completely fabricated) we would have a negative GDP. Because that is the reality of our economy. It is shrinking, not growing.
This is so eerily reminiscent of the soviet’s domestic propaganda in the 60s.
There was a “government shutdown” and a cutback on foodstamps.People were threatend with the end of endless unemployment benefits. The economy improved. Kind of says it all about big brothers effect on the economy, doesn’t it?
Fine. Let’s continue to reduce QE and see what happens with the stock market.
A rise in govt spending offsets a decrease in economic activity. Govt deficit spending (aka increase of national debt) is counted as positive GDP output. It’s like a business taking out a loan and counting it as revenue in their shareholder report.
If this is even remotely true it is very...unexpected.
More BLS BS in fun-with-numbers:
UE jumps. 330,000 expected; 348,000 new claims.
The weekly number also includes the Monday holiday for MLK Day.
If only this news came out before Soetoro's STFU speech.
Wait. Is this the revised number or is this the number to-be-revised after Preezy Pajama Boy is done gallivanting around the country extolling the number?
Anyone believe anything that comes out of this administration is insane.
Obammy and company are f-ing LIARS.
Yeah, right. Like I would believe anything coming from the Obama regime Leftists.
Help the president lead the nation.
The Presidential Appointments Project, led by the Gay & Lesbian Victory Institute, serves as a talent bank for openly LGBT professionals seeking opportunities to improve our federal government’s policies and processes.
President Obama Names Transgender Appointee to Commerce Department
Devin Dwyer
President Obama recently named Amanda Simpson to be a Senior Technical Advisor to the Commerce Department.
LGBT Appointments in the Obama-Biden Administration
To date, the Obama-Biden Administration has appointed more than 250 openly LGBT professionals to full-time and advisory positions in the executive branch; more than all known LGBT appointments of other presidential administrations combined.
Department of Commerce
Michael Camuñez* Assistant Secretary, Market Access and Compliance
Lyle Canceko Director of Outreach and Strategic Initiatives, Office of the Secretary
Gary Gates Member, Census Scientific Advisory Committee
David Mills* Assistant Secretary, Export Enforcement
Paulina Montanez-Montes Confidential Assistant, Office of the Secretary
Peter Pappas Chief of Staff, U.S. Patent and Trademark Office
Ryan Rhodes Special Advisor, International Trade Administration
Jim Stowers Deputy Assistant Secretary for Legislative and Intergovernmental Affairs
Benjamin Walther Member, International Convention for the Conservation of Atlantic Tuna Technical Advisory Committee, National Oceanographic and Atmospheric Administration
Al Boudlin Member, Environmental Technologies Trade Advisory Committee, International Trade Administration
John Connor Director, Office of White House Liaison
http://www.victoryinstitute.org/presidential
They HAVE to be making this up. I know it’s only anecdotal, but personally, grocery prices are up. I have to use coupons, cut out luxuries (as if I already haven’t), gas bounces around, never know what it’ll be, so we don’t drive anywhere. I know we’re not spending more than we should. Bare minimums, and I know so many other people, the same story, just trying to make ends meet. I see gov’t related people with a little more, maybe that explains the numbers. I just... don’t believe this for one frackin’ minute!
The headline is false; the story has it right.
The economy didn’t grow 3.2% in the 4th quarter; it grew at the rate of 3.2%/year in the 4th quarter.
Except it didn’t, for all the reasons that have been pointed out.
They are reinflating the housing bubble with a new liar loan and other programs. That will cause some “growth” in the short term as that phony baloney real estate money hits the middle class economy.
The “economy”
“Activity” continues to grow in Washington-DC Fairfax, which is why PRICES paid for essentials never really fall.
Furthermore, when the next report comes out, of the negative economy (already showing up with the falling stock market), it will be blamed on the “unusual” cold January causing a slowdown in consumer activity.
All a set up to keep Extorting.
The economy did NOT grow 3.2% — what a lie!
All you statistic belong to us!