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Politics : PRESIDENT GEORGE W. BUSH
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To: RON BL who wrote (294037)9/7/2002 9:30:15 AM
From: JEB  Read Replies (1) of 769670
 
Ron,

AG was not lying in his statements in Jackson Hole. The indicators he used to gage the economy were changed in November of 1999 by mixing the report of private figures with the public figures. Everyone knows the public figures are notoriously inaccurate (always). The new combined figures were touted on CNBC as fact and routinely updated the following week. The market reacted to the figures when released at the moment they were made available. AG was flying blind at this point and nervous as can be. It is now known the figures were manipulated (I'm willing to bet AG knew this was a possibility and over compensated for it). I suggest we go back to the old method of reporting the figures separately.
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