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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: flatsville who wrote (58581)	1/17/2001 8:00:06 PM
From: Mike M2	Read Replies (1) of 436258

Flats, you are trying to fit the facts to suit your politics. Yes, it is true that the Boskin commission recommended ways to understate inflation and the BLS implemented as a politically expedient way to slow the growth of entitlements but I challenge you to show me where Boskin recommended that the COMMERCE DEPARTMENT apply hedonic pricing to computers and other products to overstate GDP and productivity. It is obvious that the Commerce Dept. objectives were to create the illusion of an economic miracle fueled by strong growth and productivity in order to please their boss Bill Clinton when in reality we were experiencing the greatest credit bubble in history. It is true that understating product price inflation overstates real GDP and productivity but the hedonic pricing of computers used in computing chain weigthed GDP as reported in the COMMERCE DEPARTMENTS SURVEY OF CURRENT BUSINESS produces scandalous distortions WHICH IMO SERVE ONLY TO DECIEVE the investing public. You are mistakenly blaming the BLS for the hedonic hoax as it relates to GDP growth and productivity which is published by the Commerce Dept. Mike

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