Hmm: Commerce Dept’s latest GDP numbers don’t add up

Hmm: Commerce Dept’s latest GDP numbers don’t add up

[Ed. – I’ve been seeing for some time that these figures are being heavily manipulated.  So have others.]

Commerce announced on Thursday that the nation’s third-quarter gross domestic product expanded by just a 1.5 percent annual rate. …

But how Commerce got to that 1.5 percent number is truly amazing.

Of the 1.5 percent, 0.45 of a percentage point came from increased health care spending. In other words, mandatory ObamaCare payments caused about one-third of the third-quarter GDP growth.

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Without that forced spending, GDP growth would have been just 1 percent annualized.

But that ain’t all.

Increases in durable-goods spending contributed 0.48 of a percentage point to that 1.5 percent GDP number. Without that increase — on products like cars, refrigerators and planes, which are long-lasting — annualized third-quarter GDP would have been just 1.02 percent.

Here’s the bizarre part: Sales of durable goods have been in a free fall.

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