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Tuesday, November 24, 2009

Consumer Confidence?

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.9KZzbkg3AQ&pos=1
Consumer Confidence in U.S. Unexpectedly Increased (Update1)

How can the U.S. Government claim the economy is improving when everybody except government employees knows otherwise?

Why all you need to do is include the First Time Home Buyer Tax Credit purchases and the Cash For Clunkers purchases and the economy looks like it is becoming more active.

Of course once everyone who can be hoodwinked into making these purchases will have finished making their purchases in a short time. At that point, everyone else who is already homeless and jobless and can't afford to buy anything will be a major component of the economy. So the U.S.Government will need to come up with another fraudulent way of pretending that the economy is improving. Maybe they can pretend that as 1,000s of business going bankrupt sell off their inventory, that this increase in sales is proof that the economy is recovering.

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