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Real story behind March employment numbers and what

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FloridaPat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Apr-10-04 02:15 PM
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Real story behind March employment numbers and what
Greenspan is really doing.

http://www.whatreallyhappened.com/enronmarch.html


"That part of it. Every chance he has, Bush 43 reminds Greenspan that he’s most to blame for his father losing in ’92. That’s crap, of course. But Bush believes those interest rate rises in the months before the ’92 election did his father in. So he’s been fanatical at trying to keep interest rates so low. An increase in jobs too fast would give Greenspan a reason to increase interest rates to keep inflation from rising too much. That’s why the White House told Chao not to come out with a big jump in jobs in January. We were about to say back then that jobs had increased by about 450,000 that month. But at the last minute, we set it back to only about 100,000, which we later ‘revised’ to 159,000. Think about that, will you? How can you trust a process in which we have to revise numbers by more than 50 percent only a couple of months later?"

I nodded. "And just when Bush and Cheney need the bump in jobs, after the Democratic primaries are done and the Dems aren’t getting the media attention, when it’s time to start campaigning, he gets you guys to do that. So even if Greenspan increases interest rates a little from here until November, it won’t be enough to make most people notice. Most people will welcome the seemingly more jobs."

"Yeah, the jobs that are mostly created in India and China and Asia and on our computer files and some blackboards stashed deep within the bunkers under the White House."
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