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Post by unlawflcombatnt on Sept 28, 2007 17:35:18 GMT -6
Construction Spending for August was $1,166.667 billion, which is -$2.4 billion less than July's originally posted $1,169.074 billion. This is a -0.2% change. This decline, however, is not what was reported. Instead, a +0.2% gain was reported for August. This "gain" was the result of a downward revision of July's Construction Spending results by the Census Bureau. The previously published $1,169.074 billion was reduced to $1,164.430 billion. This resulted in today's number being higher than the downwardly manipulated July total. In addition, June's previously published total of $1,173.246 billion was manipulated down to $1,170.494 billion. The Census Bureau's revision of history is even greater going back to August 2006. Total Construction Spending for August 2006 was originally published as $1,200.686 billion. Today's $1,166.667 billion is down -2.8% from last August. (The current report states a decline of only -1.7%) Once again, however, August 2006's original Construction Spending has been revised downward (and several times at that). The currently published number for August 2006 is only $1,186.254 billion. This $13.7 billion less, or a -1.1% change. Once again, we have economic growth from statistical manipulation-- by reducing previously published numbers to make current numbers look like improvement.
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Post by jeffolie on Sept 28, 2007 17:50:03 GMT -6
The government is nothing if it is not consistent. It consistently lies and manipulates.
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