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To: RetiredNow who wrote (65305)	3/20/2004 3:31:00 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 77397

Even Alan Greenspan lampooned that household survey. The "household survey" is a classic case of changing the bullseye when you can't shoot straight. And we lost 260K household jobs in Feb anyway, so I'm ignoring it. We've created at least 3 million jobs offshore now so to me, it comes down to a question of whether global trade is a zero sum game or not. I don't have a sense either way right now. But the household employment survey is a red herring. Maybe based on some economic statistics the economy is on solid footing, but those trying to convince themselves that we really had 8% GDP in the US economy last fall seem somewhat delusional. 8% on an economy our size (the same economy that can't create jobs) is just not believeable, don't you think? What do you think of this pov? Expert: GDP Inflated, Job Numbers Distorted He explains that the third-quarter 2003 growth figure was an "aberration" caused by "tax moves" on Capitol Hill. And the resultant 50 percent fall in growth the very next quarter also "isn't real," he says. That's because "Washington has dramatically changed the way it calculates inflation over the past decades," writes Crudele. In a ploy attributable to both Democrats and Republicans, the bean counters have been artificially lowering inflation so Uncle Sam has to pay out less in Social Security cost-of-living raises. Yet, "by squelching the inflation statistics, the government also caused economic activity to look better than it actually was, since the nation's closely watched gross domestic product is calculated after inflation is taken out," he writes. newsmax.com Don't let the Democrats fool you. They will bitch and moan about how bad the economy is and how ruinous Bush's policies have been, but that's malarchy. I believe the democrats and blame republican policies for a lot of economic carnage especially deficits and pork, but that isn't really material to me at this point anyway. I'm just trying to figure out if stocks can rally with the dollar/jobs/gas price scenario or we are back in a bear.