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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: regli who wrote (83222)6/30/2007 11:09:21 AM
From: Oblomov  Read Replies (1) of 110194
 
Sure...Boskin was GWHB's Chairman of the Council of Economic Advisers. The Commission's recommendations got strong bipartisan support from the Senate Finance Committee and were agreed to by the Clinton Administration, which ran the BLS at the time.

The previous adjustment to the CPI calculation was a result of the Stigler Commission's recommendations in 1961, under JFK, which resulted in (among other things) chain-weighting being applied to the calculation.

My point was not to lay the blame at one party's feet, and I did not do so- quite the opposite. It was to show that the effort to undermine the health of public and private finances was very much bipartisan.

This was in response to Vosilla's claim that the 70s and 90s had no true manias or asset bubbles, and that the bad stuff had occurred entirely under Republican administrations. Talk about unfair and inaccurate...
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