Remember always wait for the revisions, as the first release GDP is an ESTIMATE. By the third release all the facts are baked it and the truth comes out.
How did that revision cycle work last quarter … The first estimate of the quarter GDP came in at 1.8% and then got revised downward to the final print of 1.1%.
Since the lamestream is an Obama supporter, all they told you about was “yea — yield 1.8%” and you probably never heard the bad news revisions, which came later.
Ask yourself why the government inflation index, NOW excludes food and fuel costs? Why? They remember that is the ruling class, what happened to Jimmy Carter, that’s why … Never again will we allow that to happen. Isn’t food and fuel costs you incur most? Kill the middle class, just hide it …
You’re being played. And they are doing it again with GDP … The truth lost in a sea of government generated statistics, so you will feel better and never know the truth why you don’t.
Income inequality rose faster under Obama than Bush or Clinton…
1st Q GDP revised to 1.1% from 1.8%…
Commerce Dept revises numbers back to 1929…
How The US Just Added $550 Billion In Growth: Full GDP Chart Pre- And Post-Revision
Full GDP Revision Broken Down By Component
Roll presses. Print it …
U.S. GROWTH: 1.7%
So now we pick up the story, start at an anemic 1.7% and go from there. All the economies worldwide are down. Unlike our very own great depression, where America stood alone under the assault of FDR and his alphabet soup administrative how to best run your life, agencies. But now Obama has included the whole world in his miserable USA economy. Where the USA if we had the same numbers of people working today as when he took office our real unemployment would be over 11%. And you wonder why they have to revise the way the government does accounting to levels and statistics not seen since the Great Stock Market crash of 1929.
So always wait for the real number and don’t play the lamestream media’s silly game.
Print print print !!!
So the story now is GDP rose for the quarter from 1.1.% to a roaring 1.7% … The truth is it likely went down, the real story is personal consumption nose dived. Se the facts for yourself.
Feel good now?