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Friday, November 13, 2009

Consumer Sentiment in U.S. Unexpectedly Decreased

http://www.bloomberg.com/apps/news?pid=20601087&sid=aVNepSupYx_8&pos=2
U.S. Economy: Consumer Sentiment Unexpectedly Falls (Update1)

Government economists are currently surprised that there is a decrease in consumer confidence in our economy.

The professional cheats / frauds / liars that work as government economists are probably the only people on the planet who are suprised at this.

These are the same people believe that an economy can be considered recovering while expecting the unemployment rate rise for the next 12 months (or more). These are the same people who didn't even see the recession coming until it was here for more than a year. These are the same people who claim the unemployment rate is about 10%, but, if you include people who gave up looking for work, and people who used to work full time and are now working part time instead, then the current the unemployment rate is closer to 20%. These are the same people who created the cash for clunkers which went bankrupt a week after it was started. These are the same people that believe that bailing out businesses that are going bankrupt is good for the economy. Where does the bailout money come from? They are paid off from money stolen (taxes) from businesses that managed to function correctly and avoid bankruptcy.

So when these government economists are surprised every time they claim the economy has recovered, and the economy continues to nose dive even lower, I am NOT surprised.

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