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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: techguerrilla who wrote (20041)	6/6/2003 9:51:23 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

my takeaway, bigtime deception in USGovt econ reporting serious liberties are being taken to deceive on the labor market it is getting worse, just like corporate earnings now both corp earnings and job losses are beating expectations what a joke, but the illiterate innumerata are buying it in 1999 we had the fictitious new economy in 2003 we have the fictitious economic recovery this time it truly is different the USGovt had no vested interest in the New Tech Economy but this time around, the USGovt has a vested interest, linked to the Treasury Debt and GSE (FannyMae) Debt they must keep the credit bubble inflated the sad overarching fact I discern is that we have now entered a new dangerous stage of money creation the USGovt must now accelerate the money supply growth in order to sustain a meagre 0-2% economic GDP growth personally, I believe they are lying about even the 1.5% GDP growth recently reported the Austrian Winter is here $4.5 new credit dollars to create $1 new GDP while 87% of the GDP is devoted to debt service we are spinning our gears with nothing to show for it except a base of jobs, which is shrinking FRAUD DESERVES THE WORST OUTCOMES THE USDOLLAR IS THE WEAPON OF JUSTICE HERE I EXPECT IT WILL WIELD TERRIBLE BLOWS EVENTUALLY The Labor Department's latest statistics reflected more than the persistence of economic weakness. It also reflected changes in statistical methods that analysts said could muddy interpretations of the report. In an annual "benchmark revision," the department updated its payrolls data from April 2001 onward. The department also changed the way it calculates payroll data and it expanded the number of job categories. The results showed that job losses this year weren't nearly as steep as previously thought. The Labor Department said businesses cut 131,000 jobs since the beginning of the year, compared with a previous estimate of more than a half million. / jim