HOPE, CHANGED: Q3 GDP revised sharply downward — again. “The third-quarter growth looks a lot more anemic than advertised by the Obama administration, especially when one considers the gimmicks that temporarily boosted its performance. Most troubling is Commerce’s poor performance in analyzing economic conditions. . . . If they got pressured into stating overly cheerful numbers, it’s something else entirely. That would be something Congress should investigate … if we had an independent Congress at all.” We will, before the statute of limitations expires . . .
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