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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (74227)1/22/2000 9:36:00 AM
From: Freedom Fighter  Read Replies (3) of 132070
 
Mike,

>>So far, all of the adjustments have made the administration look much smarter than they would have looked had they not cooked the books.<<

As you probably know from my numerous rants on this thread, I find this sort of stuff very offensive. It's difficult to trust many economists because they are essentially political hired guns. And the task of gathering and understanding all the data is beyond the scope of mere mortals. Aren't there any public watchdog or truly non-vested groups that are intellectually curious about what is really going on?

I think there is intellectual merit to many of the changes that have been made, but there are reverse sides and other issues that never get enough press or public debate.

Do they perhaps keep two sets of books at the Federal Reserve and other statistics gathering agencies.

One for public consumption and one for reality's sake?

Wayne
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