Saturday, 16 February 2008

Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

The U.S. economy is faltering. Family debt is on the rise, benefits are disappearing, the deficit is skyrocketing, and the mortgage crisis has worsened. Conservatives have attempted to deflect attention from the crisis, by blaming the media’s negative coverage and insisting the United States is not headed toward a recession, despite what economists are predicting.

The Bush administration’s latest move is to simply hide the data.

And many US economic indicators that are released are cooked. For example, the official "core" inflation rate should not be under 3%. This government figure excludes energy costs and food- typical day to day expenses of every household.

At present the US economy is in much worse condition than has been reported.

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