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What you don’t know can hurt us

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What you don’t know can hurt us

Unread postby shakespear1 » Sat 16 Feb 2008, 12:36:41

It seems that gov. data is for those that dig and pay for it. Putting it on a website in one convenient place apparently is too expensive for the Bush government that wants to keep the government off the peoples back and save it money.

Read on ...

$this->bbcode_second_pass_code('', 'The Bush administration’s latest move is to simply hide the data. Forbes has awarded EconomicIndicators.gov one of its “Best of the Web” awards. As Forbes explains, the government site provides an invaluable service to the public for accessing U.S. economic data:

“This site is maintained by the Economics and Statistics Administration and combines data collected by the Bureau of Economic Analysis, like GDP and net imports and exports, and the Census Bureau, like retail sales and durable goods shipments. The site simply links to the relevant department’s Web site. This might not seem like a big deal, but doing it yourself–say, trying to find retail sales data on the Census Bureau’s site — is such an exercise in futility that it will convince you why this portal is necessary.”

Alas, as the economic conditions worsen, the administration decided to shut down this “necessary” website, citing “budgetary constraints.”')

Rest here

Economic Data

Even FORBES thought it was a great service !!!
Men argue, nature acts !
Voltaire

"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."

Alan Greenspan
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Re: What you don’t know can hurt us

Unread postby shakespear1 » Sat 16 Feb 2008, 14:22:45

At the Brad Setser Blog a nice piece on how things look in the US

Breaking the Problem Apart
Men argue, nature acts !
Voltaire

"...In the absence of the gold standard, there is no way to protect savings from confiscation through inflation."

Alan Greenspan
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Re: What you don’t know can hurt us

Unread postby jasonraymondson » Sat 16 Feb 2008, 14:44:06

$this->bbcode_second_pass_quote('shakespear1', 'I')t seems that gov. data is for those that dig and pay for it. Putting it on a website in one convenient place apparently is too expensive for the Bush government that wants to keep the government off the peoples back and save it money.

Read on ...

$this->bbcode_second_pass_code('', 'The Bush administration’s latest move is to simply hide the data. Forbes has awarded EconomicIndicators.gov one of its “Best of the Web” awards. As Forbes explains, the government site provides an invaluable service to the public for accessing U.S. economic data:

“This site is maintained by the Economics and Statistics Administration and combines data collected by the Bureau of Economic Analysis, like GDP and net imports and exports, and the Census Bureau, like retail sales and durable goods shipments. The site simply links to the relevant department’s Web site. This might not seem like a big deal, but doing it yourself–say, trying to find retail sales data on the Census Bureau’s site — is such an exercise in futility that it will convince you why this portal is necessary.”

Alas, as the economic conditions worsen, the administration decided to shut down this “necessary” website, citing “budgetary constraints.”')

Rest here

Economic Data

Even FORBES thought it was a great service !!!


One less bomb would pay for the site for like 5 years
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Re: What you don’t know can hurt us

Unread postby TWilliam » Sat 16 Feb 2008, 15:18:05

$this->bbcode_second_pass_quote('', 'A')las, as the economic conditions worsen, the administration decided to shut down this “necessary” website, citing “budgetary constraints.”


"Budgetary constraints".

Unh hunh...

More like a game of "Hide the Sausage"...
"It means buckle your seatbelt, Dorothy, because Kansas? Is goin' bye-bye... "
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Re: What you don’t know can hurt us

Unread postby jasonraymondson » Sat 16 Feb 2008, 15:38:08

$this->bbcode_second_pass_quote('TWilliam', '')$this->bbcode_second_pass_quote('', 'A')las, as the economic conditions worsen, the administration decided to shut down this “necessary” website, citing “budgetary constraints.”


"Budgetary constraints".

Unh hunh...

More like a game of "Hide the Sausage"...


Ya, I heard dick and bush finished a game of that last night
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Re: What you don’t know can hurt us

Unread postby drgoodword » Sun 17 Feb 2008, 14:35:42

"Budgetary constraints?" Sounds familiar...

M3 does not appear to convey any additional information about economic activity that is not already embodied in M2 and has not played a role in the monetary policy process for many years. Consequently, the Board judged that the costs of collecting the underlying data and publishing M3 outweigh the benefits.
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