PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: BubbaFred who wrote (447316)	8/25/2003 2:21:24 PM
From: Raymond Duray	Read Replies (1) of 769670

Re: Where can I get information on how the government come up with the GDP numbers? Sorry, I don't have a magic URL to provide you. Most information available to us on the skewed nature of statistical reporting is of an anecdotal nature. One key to understanding the game is to understand "hedonics". Here's an article on this topic: Message 19206453 Other adjustments to the raw data include a value that is imputed as "rents paid" by people actually own their residences outright. There are other smoke-and-mirrors techniques that make the government figures on GDP completely unreliable. The situation is so bad that for years Allan Greenspan has relied on data from a private econometric firm in Pennsylvania instead of Bureau of Labor Statistics, OMB, or or other government data. Your question about GDP numbers might be better addressed to some of the solons on this thread: Message 19201456

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