Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (52425)	7/30/2004 12:16:22 PM
From: Jim Willie CB	Read Replies (8) of 89467

you gotta laugh at economic references from political sources The one bright spot on the horizon for the Bush administration has been the undeniable fact that the economy has moved into a brisker phase of recovery since the beginning of 2004 undeniable? 1.1 million new jobs since January from Birth-Death model out of 1.4 million new jobs reported the B-D model which is based upon data from 1985 to 2000 before China granted Most Favored Nation status before giant strides in service outsourcing to India before broadband became rooted across the US Economy the Bureau of Labor Statistics warns that changing trends put their model at risk of error but overlook the crystal clear megatrends the US Economy is stalling most of the GDP reported (Q1 at 3.0%) is unadjusted price inflation the economy peaked in Q3 last year that was 5% GDP or some such nonsense probably more like 1.5% after you properly factor in price inflation deflator calculations we all know the CPI is way way way low but we overlook that its understatement results in an instant OVERTSTATEMENT of the GDP for economic growth they go hand in hand undeniable? pure bullshit, eagerly gobbled up by the masses / jim

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