“Surprisingly” Bad Economic News


Bob Livingston
Personal Liberty Digest
August 16, 2010

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Have you noticed how often the elitist “economists” in government, academia and the media are surprised by bad economic news?

They are constantly “surprised” by high unemployment numbers. They say the low manufacturing numbers were “unexpected.” They claim they didn’t “foresee” such a great trade imbalance.

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When the Fed Open Market Committee met in June it said the economic recovery was “proceeding” and was likely to advance at a moderate pace. At the time they were talking of “tightening” monetary policy to fend off inflation.

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