Posted on 05/22/2015 5:57:37 PM PDT by E. Pluribus Unum
WASHINGTON (AP) -- There's something strange about the U.S. economy in the first three months of every year: It frequently grows at a much slower pace than in the other nine months.
And on Friday, the government agency charged with calculating the economy's growth rate said it would adjust its methods in an effort to resolve the problem.
The changes could paint a much different picture of the economy's recent performance. Concerns flared when the government said late last month that the economy expanded just 0.2 percent at an annual rate in the first quarter. But many economists have challenged the government's data, and some have argued the first-quarter figure should be as high as 1.8 percent instead.
(Excerpt) Read more at hosted.ap.org ...
http://www.census.gov/foreign-trade/balance/c5700.html
342 billion dollar trade deficit with China, just last year.
A new all-time terrible record.
And it is getting worse, this year.
obamacare...
Paying Santa Clause off. Now give me the millions for the study i solved it
Can I have my grant money now?
Oh, gee, you mean the economy’s not showing signs of a need to raise interest rates?
If the numbers don’t show what you want, just change the numbers. And if that doesn’t do enough, go back and change the earlier numbers the other direction.
Presto! The economy is booming.
lol
economy doing bad? well, then just adjust the numbers to make it appear better!
(by the way, the reason the economy does worse the first 3 months of the year... is because people are tapped out from Christmas!)
A. Bush’s fault.
B. Climate change’s fault.
C. Tea Party’s fault.
D. All of the above are correct.
what, no white privilege?
mystery??
Oh please
“There’s something strange about the U.S. economy in the first three months of every year”
Someone in the Labor Dept. forgetting to add the secret sauce?
Wait’ a government agency that has been fixing the GDP numbers for years to reflect positively for Obama is NOW worried about how those numbers are reported....
LOL...
Funny, I never remember all this mystery and tweaking of numbers before we had a community agitator in place of an actual president.
Just like Rove on election night, except it is a bunch of liberal economists with no clue.
I could have sworn we were closing in on a trillion dollars per year of trade deficits at one point.
China represents 80% of them so that leaves them with an amazing slice of our trade dollars.
They should effectively own the U. S. by now. (it seems)
Mystery solved-—the feckless fool on the hill.
Evidently the fake numbers haven’t been faked enough and “some economists” want to double down on the fakery.
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