"Economy creeping along, new figures show; Slight retail gains driven by rise in auto sales" by Elizabeth Razzi and Ariana Eunjung Cha, Washington Post | August 14, 2010
Economic indicators released yesterday confirmed what tight-fisted American consumers have already concluded: The economy may be recovering, but barely.
Retail sales grew 0.4 percent in July after falling a revised 0.3 percent in June, the Commerce Department reported....
Translation: everything they tell you is a lie; then they "fix" it later.
Who cares anyway?
It's not like the consumer really drives the economy.
This system is SET UP for the RICH with us scrambling for the crumbs.
"Rich spend less, squeezing economy" by Associated Press | August 2, 2010
WASHINGTON — Wealthy Americans aren’t spending so freely anymore. And the rest of us are feeling the squeeze.
The question is whether the rich will cut back so much as to tip the economy back into recession — or if they will spend at least enough to sustain the recovery....
Their cutbacks help explain why the rebound could be stalling. The economy grew at just a 2.4 percent rate in the April-June quarter, the government said Friday, much slower than the 3.7 percent rate for the first quarter.
Please REMEMBER THAT for a LITTLE LATER!
Economists say overall consumer spending has slowed mainly because the richest 5 percent of Americans — those earning at least $207,000 — are buying less....
And yet the PAPER makes it sound like it is YOUR FAULT, consumer!
And the MSM SURE CHANGED THEIR TUNE QUICK!!!
"US consumers spending more; But modest gains aren’t enough to stimulate weakening economy" by Martin Crutsinger, Associated Press | August 31, 2010
WASHINGTON — Americans are spending a little more this summer but hardly enough to rejuvenate the weakening economy, the Commerce Department reported yesterday.
What is needed is a bigger boost in salaries and more jobs. Economists don’t see either coming this year, which is why the economy is likely to limp along.
Still, modest gains in spending were a welcome sign after a string of economic reports last week raised fears of the country slipping back into a recession....
Translation: Some FRESH PROPAGANDA had to be put out!
Still....
that has left the economy stuck in limbo.
That's not growing, that's not recovery, that's the waiting room to hell.
Last week the government reported that the economy grew at an anemic 1.6 percent rate in the April-to-June quarter....
Oh, yeah?
They REVISED IT DOWN from 2.4, huh?
F***ing LIARS!!!!!!!!!!!!!!!!!!!
--more--"
Tired of the DECEPTION in the HEADLINES, America?
"Job market awry, report indicates; As high unemployment continues, other signs point to waning economic confidence" by Christopher S. Rugaber, Associated Press | August 13, 2010
WASHINGTON — The economy is looking bleaker as new applications for jobless benefits rose last week to the highest level in almost six months.
It is a sign that hiring remains weak and employers may be cutting their staffs again....
There WAS NO RECOVERY, America!
YOUR GOVERNMENT ans MSM HAVE been LYING TO YOU the WHOLE TIME!
They TOOK 10 MONTHS to TELL YOU you were in one (just in time to throw the election to Obama. Hmmmmm), and then as soon as they came clean they TOLD YOU a RECOVERY WAS BEGINNING!
What bunch of bulls***ting liars!
Even the lowest mortgage rates in decades are a gloomy sign for the economy....
Who has money to get a loan they won't give you anyway?
And the drop suggests that investors are losing confidence in the recovery.
And THAT is who this whole f***ing system is for!
NOT YOU, consumer!
Mortgage rates track the yields on US Treasurys. They are falling because investors are shifting more money away from stocks and into the safety of Treasurys, which forces those yields down.
And taxpayers get stuck again.
Those yields were pushed even lower this week after the Federal Reserve downgraded its assessment of the economy on Tuesday and announced a program to buy more Treasurys to help lift the recovery.
That didn't work before; why would it now?
The stock market has been falling since the Fed’s outlook. The Dow Jones industrial average dropped 58 points yesterday and is down more than 300 points for the week.
Who gives a f*** about the top 30 profit-gouging corporations and how they are doing anymore? Anyone?
Economists closely watch weekly claims, which are considered a gauge of the pace of layoffs and an indication of employers’ willingness to hire.
The government’s July jobs report, released Friday, showed that the economy lost a net total of 131,000 jobs last month....
Which means it was MORE!
Yesterday’s report on jobless claims indicates that trend may not change soon....
I'm not expecting that it would, not after having been lied to for a year about it by the MSM and government.
The rise in claims is a sign that private employers may be ramping up layoffs, which declined as recently as June, according to a separate government report released Wednesday. Yeah, because the July numbers came in at a loss the government had to go and rewrite some earlier reports.
They don't really expect us to believe a word they say anymore, do they?
It's just a big game, right?
They pretend they don't lie, we pretend not to notice.
--more--"
Wow, JUST IN TIME was that GOVERNMENT REPORT!
Also see: N.Y. factory orders, builders’ confidence slump in August
Economic confidence edges up in August
Foreclosures soar in Mass. in July
Stocks charge ahead on manufacturing data
An uptick from jobs data dissipates quickly
Home sales hint at limping recovery
Dearth of jobs puts more at risk of losing homes
US to aid jobless homeowners
US mortgage relief program falling short of goal
August data show ‘glimmer of hope’ for US retailers
‘Holistic’ approach to foreclosure crisis urged
Bernanke’s testimony focuses on regulatory shortfalls
Slowly, US firms add workers
Jobs, pay cut at Suffolk Downs track
Developers head to the drawing board to cash in on ‘social gaming’
I'm sorry, readers; I'm tired of reading Boston Globe business lies.
