Is the White House manipulating the economy?

White House Week

So Where, Exactly, Did These Numbers Come From

Is the White House manipulating the economy to boost congressional Republicans? A wild theory, but just plausible enough that Wall Streeters are joking about it. Here is what Merrill Lynch economist David Rosenberg told clients in a morning note: "Good thing we're not conspiracy theorists: oil prices down 25 percent from their highs, a huge upward revision to payrolls and now we see that the fiscal deficit came in well below expected ... far below the $423 target set by the White House. Can it be that there is an election less than a month away?" Rosenberg had no further comment, but some economists do think the White House may poor-mouth its deficit estimates so as to generate a pleasant upside surprise if better numbers come in. Rob Portman, director of the Office of Management and Budget, said OMB economists try to make the most accurate forecasts possible, but their forecasting model does tend to underestimate tax revenue from time to time.

Here's the link: Is The White House Cooking the Books?

I ask, can we trust anything about this administration?

They are being selective about indicators and, in some cases, manipulating the data about the economy, but not the economy itself.

It's not intellectually honest. I tell you that.

Meanwhile, the saudi's ARE manipulating the economy by keeping gas flowing and the fed by not changing rates. but that's their job.

Part of Alaska Pipeline goes off line and gas comes down. Now usually it goes up as when the gulf oil went off line. What is with that? Big money runs the country and no way will big money let anything get in their way. Or it how I see it. Rarely have they ever let power slip out of their hands even if sometimes the every day people dip in with some control

So, yes.

There is no such thing as a free market. It's all down to who the market (as shaped by laws, regs, taxation) favors.

During the Clinton years the monthly employment numbers often came in at 300k+ month after month. The US population has grown by nearly 20 million since Dubyha came into office, millions of jobs have been lost to outsourcing and the monthly job growth numbers are routinely less than 200k. Economists have long said that the US needs 200k+ new jobs each month just to accommodate new workers entering the job market net of retirees - so my question is..........

how can unemployment be so low? Have you seen more stories of large mass hirings or massive (GM, Ford, etc.) layoffs?????


:hurts:

unemployment expired last month.

Now, she simply doesn't exist.

Perhaps a better view of unemployment might be to compare those figures with the numbers of persons getting food stamps, going to food banks, living in shelters and on the streets -- it's a good bet the vast majority of panhandlers are not counted in the unemployment figures, because they don't get assistance, have no fixed address.

There is a population of several million that has been officially disappeared.

time ago. We need a massive overhaul in this country...massive. We're lied to by the people who are paid by us to serve us. It's time to put an END to this BULLSHIT!

How many times have we heard 'economy's great! due to our pro-growth policies'. Of course, they're not talking to the Have-nots.

But, it's the Have-nots' fault they don't go out and find a job at minimum wage or by the piece; there are plenty of jobs out there that they just won't do! :sarcasm: