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Politics : Stockman Scott's Political Debate Porch

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To: Wharf Rat who wrote (50353)7/6/2004 12:44:49 PM
From: Jim Willie CB  Read Replies (2) of 89467
 
1.1 million new Bushy jobs come from suspect birth-death

as a statistical analyst, I find the entire B-D model groundless
its historical data, used to establish the model, is based on data in the 1985 to 2000 time frame

China was not a player back then
neither was India
the model has no foundational basis
yet it is responsible for over 80% of claimed new jobs created

as a professional in a private consulting firm or large corporation, if I were to submit this model for usage, my manager would dismiss it in about 10 minutes of evaluation & discussion

clueless economists do not bother to question these numbers
they, like many other private citizens, have had their brains co-opted for political purpose, or for financial vested interest purpose

/ jim
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