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To: LLCF who wrote (18715)9/15/2000 11:20:45 AM
From: AllansAlias  Respond to of 436258
 
no



To: LLCF who wrote (18715)9/15/2000 11:22:31 AM
From: Perspective  Respond to of 436258
 
OK - I hadn't thought too hard about that. I guess the guilty parties are more likely Democratic Party leadership influencing the BLS.

I thought that would involve Slick, but maybe not. I don't follow the Dems closely enough to know if Clinton actually has any influence, or if he's just a sock puppet.

BC



To: LLCF who wrote (18715)9/15/2000 11:24:02 AM
From: IceShark  Respond to of 436258
 
No, but indirectly, yes. It is one of those things that get started and the moles begin to further it along unless someone smacks them over the head with a big oosik.

This started a few years ago when people, rightly, wondered if CPI was being overstated. Then when the budget implications became apparent to even the dimmest bulb on the string, it got a life of its own.



To: LLCF who wrote (18715)9/15/2000 11:27:36 AM
From: Alias Shrugged  Respond to of 436258
 
<<<does anyone really think Clinton has anything to do with manipulating the BLS numbers?>>>

Hell no.

For all we know, there are some BLS bureaucrats who believe the CPI/PPI are misstating inflation - but would YOU suggest some changes if you worked there under the current administration??



To: LLCF who wrote (18715)9/15/2000 11:29:05 AM
From: Ilaine  Respond to of 436258
 
>>does anyone really think Clinton has anything to do with manipulating the BLS numbers?<<

Yes, absolutely, because the numbers *are* being cooked, and cui bono? The gnomes of Zurich?



To: LLCF who wrote (18715)9/15/2000 11:33:05 AM
From: Les H  Read Replies (2) | Respond to of 436258
 
West Blamed for Fuel Costs

news.bbc.co.uk

it's time to start pushing those deadbeat techs out of the S&P 500 and replace them with oil and natural gas stocks.



To: LLCF who wrote (18715)9/15/2000 11:33:46 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 436258
 
<This market is very, very sick. Leave it to Clinton to put pull a brain-dead stunt like asking for a *down* CPI in the midst of an inflation scare>

Yes, definitely. I had an article about Clinton asking how to cook numbers within hours of taking office but don't have time to search for it now.

The cooking started in earnest along with the massive repos and coupon passes when the Lewinski thing started and has just become worse whenever either he is in trouble or now that he is trying to get Gore locked in. Coincidence, I doubt it.

Good Luck,

Lee



To: LLCF who wrote (18715)9/15/2000 11:36:14 AM
From: Terry Whitman  Read Replies (1) | Respond to of 436258
 
Absolutely- BLS is under the executive branch. The President is the HEAD of the branch. The (clown)buck stops there.
EOM



To: LLCF who wrote (18715)9/15/2000 11:42:08 AM
From: Ken98  Respond to of 436258
 
I'm more inclined to say yes than no based on 2 factors.

First, it is well documented that Bubba acknowledged early on that the bond market was the secret to his success. This is one of the key reasons behind shifting Treasury financings to shorter terms. It was also a factor early on in shifting just what the BLS looked at in determining "inflation." Remember all of the talk about how inflation was being "overstated"? Didn't the Republicans go along with than change? I can't remember.

Second, the Dept. of Labor has been run for 8 years now by a couple of the biggest political hacks in the world. Intially Brown and now Herman, who learned at the feet of the Master. Related, I know someone that used to work at the DOJ whose job was to audit those federal grants for the "100,000 cops" program. He said there was routine pressure to both play with the numbers to make it look like there were more cops and also ignore violations of the terms of the grants.



To: LLCF who wrote (18715)9/15/2000 11:55:10 AM
From: Oblomov  Respond to of 436258
 
No, and I'm not convinced that the 'manipulation' is entirely deliberate. I think that among BLS analysts and management there is a presupposition that inflation is very low. The subjective hedonic adjustments that they make serve to confirm this bias... this is the pitfall of any type of subjective adjustment of data.