Posted on | November 22, 2011 | 11 Comments
The L.A. Times:
The U.S. economy grew more slowly than previously thought in the three months ending Oct. 31, the Bureau of Economic Analysis said, revising the nation’s third-quarter gross domestic product downward to growth of 2% from its previous estimate of 2.5%.
Has there been a quarter in recent memory where the GDP numbers haven’t gone down, and the unemployment numbers gone up in recent memory?
It seems that there is an automatic .5-1% bias in whichever direction helps the Administration. It’s as though the margin for error is always favorable for the Ruling Class Overlords, even though the revisions should have some normal distribution. Haven’t got sufficiently irritated yet to see if the the figures and revisions are all available publicly somewhere.
We need to communicate to our elected officials that we are going to support and reward an honest, clear depiction of exactly how screwed we are. Conversely, they need to know that (a) we’re on to the shenanigans, (b) the jig is up, and (c) they shall be thumped in the court of public opinion for this nonsense.
Any candidate who seems like they will Merely Institutionalize The Tendency toward the silliness Might Instead Try Telling the truth in a more blunt, less polished and focus-group-tested way.
Update II: linked by Daily Pundit, answering my URL question.