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The "NOT" so good new news their not telling you

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posted on Dec, 3 2009 @ 08:42 PM
Well this week there have been some real kinks in the feel good Armor...
So lets begin with a short list
U.S. mortgage rates fall to record low: So much for the theory that we have a rebound in the housing market right

Obama Says Private Sector Must Lead in Creating Jobs he did ask for any wild idea that could create new jobs, as long as it doesn't cost the government anything.

I already posted this one
Retailers report surprise drop in November

And to close it's not just home owners losing their houses to foreclosures
IRS sells SD Indian tribe's land to settle debt a sale the tribe says is illegal under federal laws protecting Indian land.

posted on Dec, 3 2009 @ 09:14 PM
reply to post by DaddyBare

Yes, it is a fun shell game. We are damned if we tell the truth of the failing economy, so make sure you have all your money and supplies, and also sell everyone else the story that it all looks good, otherwise it will get worse. Market Watch

Productivity revised down
Nonfarm business productivity increased at an 8.1% annual rate in the quarter, revised down from the 9.5% estimated a month ago, the Labor Department reported Thursday. Read the full government report.

Reported as a green shoot last month.

Unit labor costs -- a significant marker for inflationary pressures from wages - fell 2.5%, revised up from a 5.2% decline reported a month ago.

Reported as a green shoot last month.

In the second quarter, productivity increased at a 6.9% annual rate. Unit labor costs were unchanged in the second quarter, revised from a 6.1% decline, based on new data on wages.

Again is that green shoot moldy?

posted on Dec, 3 2009 @ 09:27 PM

Spending on U.S. construction projects was flat in October and revised data now indicate that spending has not risen since April, the government reported Tuesday.

The report suggests weaker growth in the third quarter than previously believed.

Overall, spending on construction projects barely changed in October, following a revised fall of 1.6% in September, the Commerce Department said. This was the biggest drop since January.

The revision was startling because September was previously estimated to be a gain of 0.8%.

There was also a big downward revision to August. Spending fell a revised 0.9% in August compared with the previous estimate of a slim 0.1% drop.

Market Watch

Lies, lies, and more lies.

LOOK!!! A green Shoot!

Surprise fall in new claims for US jobless benefits
Google news

The four-week moving average, which smooths out week-to-week volatility, was 481,250, a decrease of 14,250 from the previous week's revised average of 495,000.

The four-week moving average has dipped below the half-million level since 2008 amid a combination of reduced layoffs and seasonal adjustment factors.

The number of Americans receiving unemployment benefits, however, increased.

The Labor Department data showed the number of seasonally adjusted insured unemployment during the week ending November 21 was 5.465 million, a rise of 28,000 from the preceding week's revised level of 5.437 million.

This is insanity. We are being fed bad news as good news.
What a strange world we live in.

[edit on 3-12-2009 by Absum!]

posted on Dec, 4 2009 @ 08:10 AM
One more not so good story to kink off your day
Britain faces return to Victorian levels of poverty

A snippet from the story reads

Labour's strategy for tackling poverty has reached the end of the road and Britain risks a return to Victorian levels of inequality, according to a major two-year study seen by The Independent.

With 20 per cent of the population still stuck in poverty, the report calls for sweeping reform of the tax and welfare systems under which higher earners would finance more generous, universal benefits. The £43,888-a-year ceiling on national insurance contributions (NICs) would be abolished, so people earning more would pay NICs at 11 per cent on all their income above that level, instead of the current 1 per cent.

God bless us every one... said tiny Tim... good thing too, as now the government is eyeing those blessing from the more well to do

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