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Here Is The Reason For The "Surge" In Q3 GDP
Back in June, when we were looking at the final Q1 GDP print, we discovered something very surprising: after the BEA had first reported that absent for Obamacare, Q1 GDP would have been negative in its first Q1 GDP report, subsequent GDP prints imploded as a result of what is now believed to be the polar vortex. But the real surprise was that the Obamacare boost was, in the final print, revised massively lower to actually reduce GDP!
This is how the unprecedented trimming of Obamacare's contribution to GDP looked like back then.
Of course, even back then we knew what this means: payback is coming, and all the BEA is looking for is the right quarter in which to insert the "GDP boost". This is what we said verbatim:
Don't worry thought: this is actually great news! Because the brilliant propaganda minds at the Dept of Commerce figured out something banks also realized with the stub "kitchen sink" quarter in November 2008. Namely, since Q1 is a total loss in GDP terms, let's just remove Obamacare spending as a contributor to Q1 GDP and just shove it in Q2.
Stated otherwise, some $40 billion in PCE that was supposed to boost Q1 GDP will now be added to Q2-Q4.
And now, we all await as the US department of truth says, with a straight face, that in Q2 the US GDP "grew" by over 5% (no really: you'll see).
Well, we were wrong: it wasn't Q2. It was Q3, albeit precisely in the Q2-Q4 interval we expected.
Fast forward to today when as every pundit is happy to report, the final estimate of Q3 GDP indeed rose by 5% (no really, just as we predicted), with a surge in personal consumption being the main driver of US growth in the June-September quarter. As noted before, between the second revision of the Q3 GDP number and its final print, Personal Consumption increased from 2.2% to 3.2% Q/Q, and ended up contributing 2.21% of the final 4.96% GDP amount, up from 1.51%.
So what did Americans supposedly spend so much more on compared to the previous revision released one month ago? Was it cars? Furnishings? Housing and Utilities? Recreational Goods and RVs? Or maybe nondurable goods and financial services?
Actually no. The answer, just as we predicted precisely 6 months ago is... well, just see for yourselves.
In short, two-thirds of the "boost" to final Q3 personal consumption came from, drumroll, the same Obamacare which initially was supposed to boost Q1 GDP until the "polar vortex" crashed the number so badly, the BEA decided to pull it completely and leave this "growth dry powder" for another quarter. That quarter was Q3.
Source: Q3 GDP report: second revision, Q3 GDP report: final revision
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Easy peasy.
Western countries must simply allow deadly pandemics to achieve 200% GDP in 6 months
Yeeeehaw, the Santa rally is gonna fly right down yer chimney now
It’s just a good thing all that Obamacare GDP boost goes to the insurance industry, pharmaceutical industry and government and not to discretionary consumer spending.
Obama prosperity.. for the 1 per cent.
Spending a tremendous amount of money on healthcare is just not ... healthy.
MOAR GDP to come?
ObamaCar: Automobile Insurance Subsidized Hope Act
So the more people spend because they are ill, the greater our productivity. Orwell is smiling somewhere...
Smoke And Mirrors, And Obama ...
The Affordable Care Act in action!
Assuming the government isn't completely dishonest, and doesn't try to double-count the Obamacare contribution to GDP, then this "fudge factor" won't be available for Q4. Although there is usually a seasonal spike in employment, low oil prices may counteract that as fracking wells get capped and oil industry unemployment increases. If the fudge factor isn't available, Q4 could be pretty bad. Does that sound correct?
Administration.
Healthcare costs are down.
Healthcare costs raised GDP.
Hey, whatever you need to hear at the time.
I'm sure the 15% plunge in Christmas shopping will be very Bullish for the GDP.
what's it gonna be next quarter...hookers and drugs????
How about caskets and funerals from all the dead banksters???? That's gotta be generatin' some good GDP right there.
Ummmm This stuff is really beginning to make my gonads shrivel when I see it.
AND WHATCHU DIDN'T SPEND ON OBAMACARE YOU WILL MAKE UP FOR IN Q2 2015 IN YOUR OBAMACARE I GOITS NO HEALF CARE TAX.
Saul Alinsky's 8 levels of control to create a social state. Note what big 'ol #1 is. And now it's part of the GDP!!!
How to create a social state by Saul Alinsky:
There are eight levels of control that must be obtained before you are able to create a social state. The first is the most important.
1) Healthcare – Control healthcare and you control the people
2) Poverty – Increase the Poverty level as high as possible, poor people are easier to control and will not fight back if you are providing everything for them to live.
3) Debt – Increase the debt to an unsustainable level. That way you are able to increase taxes, and this will produce more poverty.
4) Gun Control – Remove the ability to defend themselves from the Government. That way you are able to create a police state.
5) Welfare – Take control of every aspect of their lives (Food, Housing, and Income)
6) Education – Take control of what people read and listen to – take control of what children learn in school. <<<--- Common Core
7) Religion – Remove the belief in the God from the Government and schools
8) Class Warfare – Divide the people into the wealthy and the poor. This will cause more discontent and it will be easier to take (Tax) the wealthy with the support of the poor.
They're running their treasonous playbook by the numbers and every one of them at the same time.
No need to worry about the 15% plunge in Xmas spending at malls. Look at the 25.745% rise in beer/spirit consumption.
Obviously this is bullish.
Well take my fuckng breath away, bitchez/folks!
https://www.youtube.com/watch?v=fUis9yny_lI
Saul Alinsky didn't write that. All of this focus on Obama is dangerous, and I'll tell you why:
1) It reenforces a false idea that if it weren't for Obama all of the corruption would disappear. This apple is rotten to the core and swatting one bug off of it isn't going to make it edible.
2) It supports the thinking that Republicunts would have done anything different and/or will do things differently if they can win future elections.
3) It allows your opponents to dismiss your other arguments as racist extremism. George W. Bush and Obama have almost identical ideologies with the exception of abortion and gay rights, two issues that mean nothing to the economy, so when you blame Obama but let W off the hook, what other reason is there for all this hatred?
4) It scares off people who are on the fence about the important issues on this website (ending the Fed, sound money, attacking crony capitalism, simplifying the tax code, etc). Some curious newbie reads an article here and thinks, "hmm, maybe these guys have some answers," only to get to the comments section and read "derp, derp, dat Obama just like Stalin, derp, derp" and think "oh, just some more crazy rednecks."
If you complain about government but support one of the parties (even only in attacking one much more than the other) then you are an accomplice in their crimes. America has become like a child of divorce moving back and forth between two abusive parents, somehow on each election day convincing themselves that moving back in with the other parent will stop the abuse, and somehow forgetting why they left them in the first place.
Blaming Obama for everything is the war cry of the Republicunts and so whether you identify with them or not, when you join in, you are echoing their message. If you are naive enough to think that the GOP will ever end the Fed, To Big To Fail, debt bubble economics, or crony capitalism then I guess you deserve what you get when you cheer them onto victory some Tuesday in November.
It's sounds correct to me; it makes sense; but what's actually going to come out the other end of the governments sausage making machine; I have no idea.
Us. We Are the Sausage.
>> So the more people spend because they are ill, the greater our productivity. Orwell is smiling somewhere...
"Sickness is Health."
"Sickness is Health."
Lying is Truth.
Digging and filling holes improves our standard of living.
Decorated paper is money.
Teacher unions represent the students.
What the he.l, fu.k it all!!
Except now people aren't spending more because they are "ill" per se....they are spending more because the gov-scum has taken over the sector, driven up rates exponentially, and steals money directly from those who don't willfully pay for this shit. And like I said above...next quarter they'll be counting hookers and drugs in the GDP...But even counting o-fuckyou-care is less legitimate than that.
Darwin is crying somewhere......
Darwin Awards for all of Congress!
I KNEW Obamacare would save us all!
You won the internet for today. Thanks for the laughs.
"Obamacare" Ukrainian organ harvesting...
(Jim Willie &) Andy Hoffman on Caravan to Midnight Show – December 19, 2014 (MP3- 2:53:33)
http://blog.milesfranklin.com/andy-hoffman-on-caravan-to-midnight-show-d...
thanks for that link! I had been trying to find it but didn't look on the Miles Franklin site...duh! ;-)
The capacity of right-wing nuts for unhinged conspiracy theories never ceases to amaze me.
Directly related to left winger insanity. Bring on the centrists!
It looks like they have finally realized they can engage in the hypothecation of data.. hey it works for investment vehicles, why not for GDP fluffing?
- it's not like anyone is going to call them on it..
@ ekm1 :
just been to local supermarket with wifey for fucking christmas stuff... the masse that go same time buy same shit... i knew there was an world wide overpapulating, but today i definitivly visualized it.
i wanted a gun, put barrel up, shot twice to shout 'em fucking go home you too much !!!
fucking fat fucks bumping into you, go with carts in all ways, letting em middle paths... fucking insane, the basic human think he is alone on earth, and do not estimate neither care about his mates, this is a problem.
You need to relax, brother
Probably the result of too many meds courtesy of our glorious healthcare. Praise him for helping the GDP.
Miffed
Snorting very finely ground Vicodin can getchur edge up. What's needed is to win the Supermarket Sweep and first raid the pharmacy for all the Marinol and Lorazepam which'll chill the huffing stuffing.
Though I completely agree, my suggestion is to take a few more drinks until you pass out.
Consumerism = forget Jesus Christ at Christmas
My dear old granny used to say "Oh that's just the drink talkin'!" when grandpa got riled up about something. But yes, agree fully with what s/he is trying to convey. As for Jesus Christ at CHRISTmas, I went to the three biggest department stores here to get just to get some Nativity scene figurines to hang on our Christmas tree and found nothing!! Had to go to a little gift store run by a Chinese lady to find anything at all. "They" really are trying their bloody hardest to delete Jesus Christ entirely from Christmas.
santa clause
is the consumers christ
Everybody knows there ain't no sanity clause....
Dude, regardless of whether one is or isn't, likes it or not, Christianity is under siege, worldwide, while apologists abound for the Religion of Peace....
Your Progressives at Work
Lots of nativity and general xmas stuff on sale here in Vietnam....and cheap too.! Not exactly known as the center of the Christian universe.......but hey, guess at least the amerikans left one good legacy over here.
;)
That was the French bringing Christianity to VietNam.
I am not a Christian but what you wrote is sad. USA is becoming an atheist police state. We are glad we left.
I am not a Christian but what you wrote is sad. USA is becoming an atheist police state. We are glad we left.
My daughter the nurse has her own apartment now...I wanted to buy her a nativity scene. Preferably one as nice as I bought my wife 25 years ago.
There were none this year.
In a few years we will receive the real Christ in all His glory.
.
I can say for fact working for a hospital on the financial side of things that while it's in "Healthcare" its not actually being spent on healthcare as in money to hospitals or services or product - this boost was for insurance companies and the tech companies that built up the websites and systems to implement it.
Yeah, recall during the "debates" those charts of the dozens of additional layers of bureaucrats being added to "healthcare" delivery. Hey someone's got to pay for all those salaries. Ridiculous.
My healthcare program.....
Eat real food.
Exercise every day.
Get plenty of sleep.
Cheapest and no unpleasant side-effects.
Spending a tremendous amount of money on healthcare is just not ... healthy.
Considering that most of that spending goes to insuarnce companies, pharmaceutical companies, hospital owners and other 'non direct care providers' (who are all making record profits) instead of actual providers like DOCTORS is there any wonder it's so damn expensive?
The US spends more healthcare money NOT providing actual care of patients.
But then you still CAN get a free Rascal Scooter from the gov if you're morbidly obese - makes it easier to get around Walmart.
http://media.parentsociety.com/wp-content/uploads/2014/11/Walmart7.jpg
Did someone actually buy Obamacare ? I thought it was a figment of the governments imagination.
and now everywun is so much helltheer becoz they spent so much more on helth care. It's so good to see mericns caring so much and spending so much on looking after their helth!
Unfuckingbelievable. Actually it's not. It's only the biggest scam in the history of the world and the 'conspiracy theorists' having been telling everyone for years. If the human race makes it.. and that's a BIG IF... historians will look back at this time period in unbridled astonishment at the gullible stupidity of the American people. Merry Christmas Humana/BCBS/AETNA/CON-ARTISTS.
"Historians will look back at this time period in unbridled astonishment at the gullible stupidity of the American people."
I have long been looking for the proper words to describe how historians will view this period. Now I think I've found them.
Now all I need is the proper font to use on the tee shirts...
I'll take one in black. Large.
You got it. But as I'll be marketing these in the USA I'm only going to make them in size XXXL.
2037 history book preview...
“as more corrupt and oppressive legislation was being passed, millions of stupid Americans were seen chanting ‘Yes we can’ after the puppet usurper selected by the fascists lied to their faces.”
at that point they were saying ~ "OW My Balls"
Historians will call this a golden age because a ni66er got elected president, and won the nobel peace prize. The truth has already been whited out, or completely fabricated by a marketing team.
Did you get to Utah yet?
http://m.youtube.com/watch?v=Vsas7JI4quw
Point Break brah.
Point Break is in my top 10, can watch every few years and enjoy. Watched the gas station scene being filmed in Redondo at Catalina and Broadway, across the street from Dive 'N Surf.
https://m.youtube.com/watch?v=1CD0hrD9Lp0
with a pour of burbon in it ..
""Historians will look back at this time period in unbridled astonishment at the gullible stupidity of the American people.""
If you study history there is one universal conclusion; Humanity is flat out stupid and insane.
History indicates that humans have been pretty stupid since the beginning. 100 to 80 years ago, the people though Carl Marx was a genius (the Paul Krugman of the era). About half of the global population believe his ideas were devine. Europe turned to a mix of Communism and Socialist Fascism. Before that Religion was the farce of the era. People believed the Earth was flat and at the same time believed the universe rotated around a flat plain.
It was once quipped, "The only thing one learns from history is that people learn nothing from history." (Or words to that effect.)
""Historians will look back at this time period in unbridled astonishment at the gullible stupidity of the American people.""
No way! There will be no Historians. Last year did not exist.
Who controls the past, controls the future. Who controls the present, controls the past. God, Orwell was such a smarty pants.
Here's your new Bama-fone, proll.
Here's your new Bama-internets, proll.
Here's your new Bama-browser, proll.
Here's your new Bama-emailer, proll.
You're secure now. You're welcome.
All proceeds go to the children - http://teespring.com/historianslookback
You are assuming there will be historians.
Government has always been about stealing and democracy is the most subtle con of them all.
That's why the one-percenters got rid of monarchies in the 20th century.
Indeed. They realized bribing people with their own wealth is very profitable.
From those who can to those who can't to others who can't.
The nice thing about democracy is that you've always got half the population openly criticizing the govt. The disappointing thing is that you still got no-one openly criticizing those who are in charge.
When they can't be bothered keeping up the pretence, they'll bring back the Monarchy ... until such time as they need to hide behind a Democracy again ...
So called Democracy is just the tyranny of the many over the few.
Given the average level of intelligence and the lack of a well informed citizenry, a truly scary thing.
That's the propaganda but I stopped believing when I realized that if citizens really did have voting power then the world would operate differently. eg: Results of referendums would not be ignored, high profile MSM election promises that result in landslide losses for politicians would result in the proposed legislation disappearing - not being rehashed four years later. Perhaps the media and Diebold machines have "voting" sewn up in your area in the world so you can't see it. But in my area of the world, I have clearly seen that big business' opinion has priority over the wishes of the people. Politicians saying "I have to do this because the people voted for it" is all bullshit. There's plenty of stuff that the people voted for that just gets ignored.
When people started talking about the possibility of Jeb Bush vs Hillary Clinton in 2016, that is when I came to the conclusion that "Democracy" = "Time-Share Monarchy". Really? Out of 300 million people, the voting public can't stray away from two families?
Ain't Socialism-Crony-Corporatism grand?
It's called Fascism... no need to re-invent the wheel.
Socialism: Take from Peter, GIVE to Paul.
Reality: Take from Peter, LEND to Paul and charge INTEREST.
"Socialism" = the Propaganda.
"Fascism" = the Reality.
Okay, the Obama Phone might be Socialism. But who paid for the phones?
Take from Peter, BUY from Mary, GIVE to Paul. Who's the "other" "winner"?
Also check out the details of various housing "subsidies". Who's the real winner there?
It didnt go to ins industry it went to the fat cat cocksuckers in the front offices because the salesman have mostly quite and I really hope they choke on it and go bankrupt. Yes ai am a soured American and there are 6 million retired ins salemsn just like me who has had thier lives destroyed by Obamacare and that piece of shit web site hope they like thier tax incomes in washington.
Try eating that monthly premium payment. Or paying rent with it.
What a fucked scenario.
But that is what you get when you let THE HEALTH INSURANCE INDUSTRY LOBBY WRITE A HEALTHCARE BILL.
Good thing I bought the extra KY.
Don't forget to deduct it. Only if you itemize of course..................
I 'heart' central planning.
Thank God for Obamacare. FORCED household expenditures that go up double digits every year are very stimulative to the economy. We'll never print a negative number ever again.
And we all thought it was a BAD thing when the government took over 1/5 of the economy. How misguided we were. Shame on all of us. We might not get to keep our doctors (or any doctor), but we definitely get to keep our permanently robust economy.
I'm gonna go puke now.
I just have 1 question:
If wages are flat (they are actually down), and consumer spending is waaaaay up on healthcare spending, what are consumers spending LESS on, and why is that not reflected in the gdp numbers?
You ask too many questions. ;)
BTW- government spending is counted in GDP as well. You should know that Obamacare added 10 MILLION people to the ranks of Medicaid (higher income theshold). By far the largest number of enrollees in any part of Obamacare.
Yes, the Medicaid Estate Recovery Programs will see windfall revenues in the coming decades from people who had no idea what they traded for when the chickens come home to roost.
Are there any stats out there about the number of previously un-insured people (I believe the total was about 40 million) that are now covered under Obamacare?
Not that I would believe it anyway, but always fun to ask pointed questions.
DHS and the Obama administration can't even agree on how many people enrolled in Obamacare, let alone how many had insurance previously. One thing for sure, the demo they're shooting for (lots of healthy young people to pay for all the sick old people) is NOT working out. Adverse Selection is asserting itself strongly.
Food & Rent
Sony films NOT in a theatre near you.
NoDebt, Yes, the govt. in their wisdom realized that police burtality was going to increase and that those most likely to be on the receiving end would need to be forced to take out health insurance to have the private sector take care of the resulting medical bills....central control at it's best.
Obamacare slave tax working as designed...
The libs are falling all over each other on the intertube forums on this news. Blessing Obama for the greatness that he hath showered upon the land and ridiculing as heretics anyone who speaks ill against him or the GDP data. Very scary partisan divided times we live in. The nation really has devolved into two disparate camps that seemingly can no longer live amongst each other.
The same thing happened with republicans in 2005. It's actually not that different.
@base - You mean, like when this was going on... https://www.youtube.com/watch?v=hxMInSfanqg
Yes, and also while I was telling republicans / conservatives that the economy was fake, and inflated by housing, and while they were telling me I was an idiot and stupid for not jumping in. Right, it was at that time.
In any case, that video is hardly of consequence, since the republicans (and Bush at the top) were talking about the "ownership" society and how awesome the economy was. Yes, those were good times. Or have you forgotten?
Because there is no difference.
Aligning and rabidly defending Lib v Con, Dem V. Repub ideologies, embracing them as your own is exactly why we are a controlled enslaved people,
Divide and conquer is the oldest strategy known.
It works. The electorate is divided. The MSM is doing its job broadcasting its assigned "ideologies" 24/7 and the sheeple lap it up like truth.
...yet even here on ZH they are still defending the fact that they are swallowing handfuls of either the red pill or the blue pill. Some refuse to even try and look through the fog.
Funny though that here is Australia the Liberals are our right wing party (the red pill team).
As it was once, too, in America. A good example of how the left has coopted the language. Classically speaking, a true conservative is a liberal. This nation was founded on liberalism. Not, not the weird, twisted, perverted progressive totalitarian state one now sees associated with 'liberals'.
all that really matters is having the right insurance company stocks.
Remember when all you retards were saying Ebola was airborne and we'd all be spitting up blood by Thanksgiving?
Yeah. Just one more thing you assholes are wrong about.
We 'Because Obama-ed' some folks
and those were the ones that had medical problems. premiums(payments) are 6 grand a year, and then you pay the first 6 grand of bills. Nice policy(contract).
and the politicians say proudly, we capped medical costs at 6 grand, not mentioning the 6 grand for to the insurance company. How many people can afford 12 grand a year for their medical needs.
Went to the emergency room in Indonesia, had an EKG, had O2, saw the doctor and was discharged. Cost 8 USD equivalent. Meds 2.5 USD. System across the pond seems a bit expensive
It matters not what the numbers are, but WHO records the numbers.
Yup. Works for weather/climate, and even voting. If you act now, we'll throw in CPI, and letyou name the next Winter Storm!!
and who counts the votes !
The two biggest parts are skim, not actually producing anything.
Amerika: Everything is Awesome!
pods
90% of our economy is skim
9 people standing around watching 1 work at something productive...
Ahhhh, you've seen Pennsylvania construction!
pods
Like Govt. everywhere Pods.
And I mean everywhere.
Consistency is a hallmark of a fine civilization
Pods, re: "Everything is Awesome"...
The parallels that can be drawn on so many levels between the USA at present and the Lego movie are downright scary.
I was in Philly last week - Dat True, Dat True
well, SOMEONE'S got to keep all those shovels from falling over.
Good point! If someone steps on a shovel blade and the handle jumps up and hits him in the forehead...........
OSHA paperwork alone.......
Sheesh!
Down the road from me they built a new section of road, including huge embankments. About 2 miles in lenth, maybe 3.
There were never more than 4 people actually buildiing the road at any one time. There were however enormous earth moving machines in use.
well, the phunny part is... it is just a continuing cycle. ha ha phunny... as in the joke is on you.
the next corrupt group of politicians will get into office, make corrupt policies and take lobbyist kickbacks- in your interest, of course, and the never ending ass fucking train will never slow down until the whole thing just collapses...
don't think you are getting a musical chair when the song stops either.
HAVE A NICE DAY!
I certainly know my x-wife who lives off me for the past 10 years is…
In Florida, it is like 120%.
It must be hard to coordinate data manipulation. I suspect that any totalitarian government must eventually consolidate number fudging. Watch for it.
GDP was 5%?!? "It's a Festivus MIRACLE!" Let the airing of grievances begin!
I am freaking dying...LOL "It's a Festivus MIRACLE." The tears... LOL
Turn on your TV and listen to the economists wax eloquent about "blistering consumer spending" . LOL.....compulsory Obummercare
has saved the economy.
I long ago stop belieiving any numbers from any government or "official" agency. They're all rigged now to convey the latest narrative.
I don't even think they know what the narrative is supposed to be anymore. Leviathan is so damn big and unwieldy now it just flails about, spewing forth new rules and statistics.
pods
Nice imagery!
Citizens must now believe nothing from the government!
Here is a reminder asto the reason why:
http://www.thewire.com/politics/2013/07/americans-finally-have-access-am...
.Gov: setting records for deception and corruption. 2015 will be their best. year. ever.
Death to tyrants.
Little more chart porn. Total liabilites vs GDP....
http://research.stlouisfed.org/fred2/graph/?g=VhR
but det dusn't matter! All that matters is servicing that det!!! For egzample, if you owe a million billion dollars but your banker only asks yoo to repay ten dollars per week and you have ten dollars in your credit card then you can giv your banker ten dollars and evrything is ok. Cashflow is king! My finanshial planner tolled me sow!
Joyn us. I am a fucking moron and you can too!
Sooner or later it will come to this: everybody lies, but it doesn't matter, since nobody listens.
wow 5% GDP REVISED print...
Dow 18,000 after a 1,000 point correction in 3 days...
and all right b4 Christmas...
its a miracle....
They don't call it a Santa Claus rally for nothing.
All the statistics juggling will not revive the real economy till malinvestments in the financial sector used for bubble creation and market manipulation is not diverted and put to job creation which is the core requirement to revive consumer demand. This is unlikely because the beneficiaries of the current crony capitalism sponsor only the politicians who do their bidding. The current financial system has to reboot for the benefit of the majority of the population.
http://www.marketoracle.co.uk/Article40231.html
Akhil Khanna, your blog was okay until you started spewiing socialist / facist theft from the evil rich.
If I want to read that stupid retarded nonsense, I would not be on Zerohedge. Why dont you go promote your blog on Yahoo or Marketwatch. Plenty of ignorant sheep there to shear.
Maverick
its raining Bentleys - right!!!
Growin' it TM.
I am sure I will hear these lies repeated breathlessly on NPR. Lies trap the liar in a world of illusion. Lies are the realm of short-term thinking. Lies are, above all the refuge of the cowardly. This country is fucked.
Healthcare is like drugs. A few peple get rich, but the entire neighborhood goes to shit. Calling healthcare a GDP generator is like calling a crack house an enterprise zone.
And doesn't that bode poorly for comparisons in 2015, when those healthcare expenditures for 2014 move from the nominator to the denominator for the sake of comparison?
We are in a recession people.
One does not have a recovery where Corporate profits after taxes are flat or negative. And they are negative today.
This artificial, forced spending required by law does not a real economy make.
Don't miss the point of all of this. The great transfer of wealth from the middle class to the top 1% continues.
straight from the department of making shit up
They're really painting the tape on this one.
Spiking the football might be more apt.
Its a one time fudge that will make the subsequent figures harder to fabricate.
Baffle them with bullshit will have to go into warpdrive.
Subsequent figures might become irelevant in case a major war breaks out.
The BEA press release said that Government grew 9.9% during the quarter. I guess this is good, right? /sarc
And estimated SP500 nominal sales growth for the 3Q 2014 was 4% compared with this 5% "Real" GDP growth? Does anyone believe this BS?
End of financial year panic buying by govt. departments is SoP.
Use it or lose it, for this year, and for the next.
Getting double paid by Govt. national and local, used to be the highlight of
my year. Most of the time they never caught it.
Thata would be the reason I will be umeployeed as of 3/31/2015
Makes sense, "ObaMaoCare" premiums went up 50% or more!