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MORE Government Economic Lies

 
Emmeric
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User ID: 754308
United States
02/01/2010 11:57 AM
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MORE Government Economic Lies
Stocks climb as manufacturing, spending increase
[link to finance.yahoo.com]

Get a load of this line:

"The government also says Monday that consumer spending and personal income rose in December."

Now is that a fact? We might (MIGHT) dismiss the rise in consumer spending as the last gasp of consumerism for christmas, but I seem to recall merchants claiming sales were FLAT.

But this really grabs me - the part about personal income.

HOW CAN PERSONAL INCOME RISE WHEN MILLIONS ARE LOSING THEIR JOBS EVERY MONTH?

Which of you out there has received a 30% raise to cover the job losses in the income aggregate? ALL of you, if we're to believe the government.

Then there's this:

"Factories are increasing production as customers replenish inventories."

What factories? About the only thing America makes anymore is socks. I guess we're all buying millions of pairs of socks? Or we all bought socks for christmas.

This is beyond retarded. Reporters don't even bother to check facts - they just print the crap they're fed.

yeahsure
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Anonymous Coward
User ID: 879652
United States
02/01/2010 11:58 AM
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Re: MORE Government Economic Lies
so sick of the lies, its all finally got under my skin.
Anonymous Coward
User ID: 855814
United States
02/01/2010 12:01 PM
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Re: MORE Government Economic Lies
Chocolate rations up 2 grams this month!
Anonymous Coward
User ID: 793891
United States
02/01/2010 12:08 PM
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Re: MORE Government Economic Lies
I hear their bullshit lies all the time, and their not consistent at all. It seems like they just say what ever to make people think everything is just fine. Like a lie on TV changes anything real in someones life.
Emmeric  (OP)

User ID: 754308
United States
02/01/2010 12:09 PM
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Re: MORE Government Economic Lies
Here's another:


Obama says budget built on smart investments
Obama announces budget plan focused on economy; says big deficits were largely inherited

sosbs


So Obama blames Bush for spending more than Bush because Bush is forcing Obama to spend more money than Bush.

Damn that Bush!

scratching
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Emmeric  (OP)

User ID: 754308
United States
02/01/2010 02:36 PM
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Re: MORE Government Economic Lies
I'm going to add this link which makes me wonder how much of these analyses are written by treasury officials....

[link to www.kitco.com]

Click the "Daily metals Commentary" by NS Futures. Scroll down to the "Gold Market Fundamentals" and read the last two sentences (can't copy/paste the Adobe shit).

In there it claims gold should keep going down because the economy is bad.

blink

But when the economy is good, gold gets dumped for equities.

Further, with a bad economy, the dollar remains low and falling due to stimulus and money printing causing gold to rise.

Yet, in this asinine report, we find that gold should be falling now, too. If the economy is good, gold falls. If the economy is bad, gold falls.

Who writes this shit?

Over the past month, I have noted the same kind of BULLSHIT about the dollar.

When the news is good, the dollar goes up because people "expect the fed to raise rates." When the news is bad, the dollar goes up because it is a "safe haven."

The reality is that foreigners are dumping the dollar in the tens of billions (treasury purchases). That means only the Fed is buying the dollar because Buffet sure the hell ain't.

See here:

[link to www.treas.gov]

So if the dollar raises on good news AND bad, and we're expected to know this by the offered analysis, then my question remains, who writes this shit?
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
Anonymous Coward
User ID: 69144
United States
02/01/2010 02:38 PM
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Re: MORE Government Economic Lies
Yep, its amazing how many lies are in the papers these days. They will say anything to keep the crooked system afloat.
Emmeric  (OP)

User ID: 754308
United States
02/01/2010 02:41 PM
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Re: MORE Government Economic Lies
Ah! Here we go:

Real consumer spending, that is, adjusted for inflation, rose a seasonally adjusted 0.1% in December after a 0.4% gain in November.


"Seasonal Adjustment" is admitted on the BLS government site to be a completely fabricated number based on nothing.

So the government squeezes out a POINT 1% increase - for you mathtards that is a 1/10th of 1% - and they had to lie to get that figure.

[link to www.marketwatch.com]
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.
It's hot here

User ID: 774404
United States
02/01/2010 02:43 PM
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Re: MORE Government Economic Lies
This is such BS...just wait till the end of the 1st quarter and they've adjusted the Q4 growth #'s down 3-4 times. Spending shrank to the lowest point in 40yrs, inventories shrank so now that they were at their lowest, they're happy that inventories had to be built back up? Holy crap, it's like watching a 3yr old at a buffet in front of the dessert line...I want that no I want that, this one is better no that one is. We're just fucked folks. Thanks for the find Em.

rant

Last Edited by It's hot here on 02/01/2010 02:44 PM
It really is!

I never drink water, fish fuck in it.
W.C. Fields

Ignorance and obscurantism have never produced anything other than flocks of slaves for tyranny...
Emiliano Zapata
Anonymous Coward
User ID: 855814
United States
02/01/2010 02:45 PM
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Re: MORE Government Economic Lies
GROWTH!!! ana GROWTH!!! ana GROWTH!!!

cheercheercheercheer sheeplebah
Emmeric  (OP)

User ID: 754308
United States
02/01/2010 05:41 PM
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Re: MORE Government Economic Lies
Sheep is right. But I don't even think they expect us to believe it.
When blacks have identity it is called pride.
When indians have identity it is called culture.
When Jewish people have identity it is called history.
When WHITES have identity it is called Racism.





GLP