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Politics : PRESIDENT GEORGE W. BUSH
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To: Steve Dietrich who wrote (290896)8/27/2002 6:06:26 PM
From: Neeka  Read Replies (1) of 769670
 
PS. No comment on the snips taken out of the two articles?

M

Figures on corporate profits were wildly overstated by Clinton administration statisticians during 1999 and 2000, a government report issued last week reveals, begging the question of whether the feds engaged in the kind of bottom-line book-cooking that has recently seen a number of corporate executives being led away in handcuffs.

Hidden in the morass of statistics, there is proof that the Clinton administration grossly overestimated the strength of the economy leading up to the 2000 election. Did the federal government join Enron and WorldCom in cooking the books? Through all of President Bill Clinton's last two years in office, the announced level of before-tax profits was at least 10 percent too high--a discrepancy rising close to 30 percent during the last presidential campaign. Most startling, the Commerce Department in 2000 showed the economy on an upswing through most of the election year, while in fact it was declining.
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