Growth revised lower, inflation higher (CBS) ... you mean our Govt Lied?

[cthrumatrix]

Growth revised lower, inflation higher

By Rex Nutting, MarketWatch
Last Update: 8:47 AM ET July 29, 2005

Instead of growing at a 3.1% annual rate from in the three years from 2002 through 2004, the economy actually grew at a 2.8% pace, the government said.

The government also reported Friday that gross domestic product increased at a 3.4% in the second quarter of 2005. See full story.

A downward revision for investment in information technology equipment and software was the major cause of the weaker growth estimate.

The revised data show the recovery since the recession of 2001 was weakest in the post-World War II era. Read the full report.

http://www.marketwatch.com/news/story.asp?guid=%7BE5F40DB7%2D5B66%2D4DF9%2DBE78%2DD3B447D04F5B%7D&siteid=mktw&dist=

everyone alive experiences more inflation than the govt "officialy says".... just like the job story BS

[ewagner]

1. Conundrum

We've all been convinced that the * administration has been cooking the books for the last five years. The question is: Are they "uncooking" the books now or are the books still cooked and there is another motive for the latest tasty recipe?

Opinions?

[annabanana]

2. here's the new yardstick.....

statistics coming out of the government before 1 1/2 years have gone by.... are LIES!!

(If you want to know the truth, well , you're just going to have to wait a couple of years.. I hope that's OK with the investment set)

[still_one]

3. watch them spin it

they have been spinning the high fuel prices not affecting the economy which is so full of it

[cthrumatrix]

4. becuase their CPI measure does NOT include it