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Friday, November 07, 2014

US economic growth is all an illusion

John Crudele writes in US economic growth is all an illusion:
As voters were coming out of the polls on Tuesday, pesky reporters were asking why they voted the way they did — and what was going through their heads?
The most popular response — from 45 percent of the voters — was the economy.
Indeed, the whole idea that the US economy is doing well is simply a hoax perpetrated by government figureheads.

Crudele gets it right:

The economy isn't really doing what the statistics say it is doing.
Our nation's economic statistics are nipped and tucked, massaged, managed, fabricated and dolled up.
In short, our statistics are wrong and Main Street folks know it.
Read more here.