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Politics : Ask Michael Burke

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To: BGR who wrote (73705)	1/15/2000 10:18:00 AM
From: Mike M2	Read Replies (1) of 132070

BGR, I object to everything which does not fit my view of the world -g- You may not have seen it when I posted it but the impact of going from real to chained dollars resulted in an average of 38% more growth in GDP for the 3 years 1996-8 that is a substantial distortion. adjusting for inflation is minor over the short run so I don't have a problem with this. Once again, I must reiterate that chained dollar accounting represents spending that never took place- it is a myth. It exists only in the minds of statisticians who wanted to make their slimey boss Bill Clinton look good IMO. I don't have the figures for 1999 handy but I seem to recall it was pushing 50%.

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