Posts Tagged ‘Commerce Department’

Revised Data Show 6 Years of Steep Economic Growth

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Revised figures show robust growth 2009-2014(2014-07-30) — The White House today released revised economic data from the Commerce Department that shows the recession and stagnation of the past six years was actually a time of booming economic growth.

“Commerce periodically reviews the numbers and revises its estimates,” said White House spokesman Josh Earnest (which is his real name). “The president was delighted to see that the latest revision marks the start of the turnaround on or about January 20, 2009. His second inauguration spurred another surge. These revisions won’t surprise anyone who really knows the president, or at least none who work for him.”

Earnest attributed the new upbeat perspective on economic growth to “President Obama’s skill in crafting executive economic policy, new insights in mathematics from Common Core, and some recent personnel changes at the Department of Commerce’s Office of GDP Review.

GOP: Obama Tanks Economy to Distract from Scandals

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(2014-06-25) — Just hours after the Commerce Department revised economic growth figures for the first quarter of 2014 dramatically downward, a spokesman for Republicans in Congress said President Obama is “tanking the economy to distract from Benghazi, IRS, NSA and other scandals which threaten to bring down his presidency.”

Unemployment line

Republicans released this picture of Americans lining up to learn more about Obama administration scandals involving Benghazi, the IRS, the VA, the NSA and Obamacare.

The U.S. economy reportedly shrank 2.9 percent from January to March this year, according to the new numbers from Commerce, but a GOP lawmaker immediately questioned the reliability of the data.

“I’ll believe the economy is in its worst shape in five years when I see the original emails from the Commerce Secretary to the president,” the unnamed Republican lawmaker said. “Now, the left-wing media will be chattering about the pathetic, moribund economy instead of what we Republicans have been talking about for several years. The timing of this is just a little too convenient, if you ask me.”

The unnamed lawmaker emphasized that he’s not a “conspiracy nut.”

However, he added, “Why do you think they released this horrible economic news in the midst of public uproar about the V.A. scandal, the IRS losing emails and Obamacare — not to mention the president being caught on camera reaching over the sneeze shield at Chipotle?”

A White House spokesman rejected the allegations, noting that, “The president learned about the lousy economy on the news, just like most Americans — or at least like the ones who didn’t already know about it because of losing a job, or losing their insurance, or having their adult son run up from the basement to tell them what he just saw on Twitter.”