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Old 04-22-2013, 03:46 PM
 
41,062 posts, read 24,286,996 times
Reputation: 13853

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That is not because of a shift in its underlying prospects, but because of a comprehensive update to the national accounts by the Bureau of Economic Analysis, producing the most dramatic change to the way gross domestic product is measured in more than a decade, with preliminary estimates adding about 3 per cent to US GDP.


The liberal rebound is scheduled for July!


Data Shift to Lift US Economy by 3%

Economist's View: 'We are Essentially Rewriting Economic History'

Last edited by petch751; 04-22-2013 at 04:46 PM..
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Old 04-22-2013, 04:15 PM
 
Location: Great State of Texas
86,052 posts, read 80,798,640 times
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Wow.. and making it retroactive to 1929 and thus, rewriting history.

Well anything to make our numbers look better.eh ?
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Old 04-22-2013, 04:17 PM
 
69,366 posts, read 61,440,916 times
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Lets count the number of ways they are recounting things..
Jobs
Unemployment
GDP
Crime
Debt

and more.. Just to fool the stupid.
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Old 04-22-2013, 04:37 PM
 
41,062 posts, read 24,286,996 times
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Yep we know the reason behind it. And as liberals can tout that Obama is doing a great job all the while low information voters and Obama supporters not having a clue lol as their lives stay status quo.
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Old 04-22-2013, 04:55 PM
 
11,768 posts, read 9,776,312 times
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I don't see the problem. It is being made retroactive so (presumably) there will be consistency among the data. Corporations do that too when they change accounting methods. It says the reason for the change is to count intangibles and the changed it in '99 to count computer software.
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Old 04-22-2013, 04:56 PM
 
41,062 posts, read 24,286,996 times
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How do Liberals and Democrats fix a sluggish economy?

Pump billions & billions of dollars every month into it? Nope - tried that and it didnt work. Just fudge the numbers and make it LOOK like the economy is growing....yea, thats the ticket. That is what our government is going to do in July.

Just watch out for some kind of tax angle coming out of this.
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Old 04-22-2013, 04:56 PM
 
Location: New Orleans, La. USA
6,358 posts, read 3,451,316 times
Reputation: 2522
Quote:
Originally Posted by petch751 View Post
That is not because of a shift in its underlying prospects, but because of a comprehensive update to the national accounts by the Bureau of Economic Analysis, producing the most dramatic change to the way gross domestic product is measured in more than a decade, with preliminary estimates adding about 3 per cent to US GDP.


The liberal rebound is scheduled for July!


Data Shift to Lift US Economy by 3%

Economist's View: 'We are Essentially Rewriting Economic History'
Your first source explains how certain items, are not included in our present GDP accounting practices.
Today things like film royalties and spending on research and development, are not included in our GDP calculations.

Your second source speaks of the same things.

What problem do you have with adding these things to our GDP calculations ??
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Old 04-22-2013, 04:58 PM
 
41,062 posts, read 24,286,996 times
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Low information voters. You can guarantee a liberal spin played to the low information voter. That was easy.
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Old 04-22-2013, 05:09 PM
 
Location: Portland, OR
8,802 posts, read 8,505,636 times
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Quote:
Originally Posted by petch751 View Post
That is not because of a shift in its underlying prospects, but because of a comprehensive update to the national accounts by the Bureau of Economic Analysis, producing the most dramatic change to the way gross domestic product is measured in more than a decade, with preliminary estimates adding about 3 per cent to US GDP.


The liberal rebound is scheduled for July!


Data Shift to Lift US Economy by 3%

Economist's View: 'We are Essentially Rewriting Economic History'
Intangible assets....really....REALLY?
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Old 04-22-2013, 05:13 PM
 
69,366 posts, read 61,440,916 times
Reputation: 9381
Quote:
Originally Posted by pghquest View Post
Lets count the number of ways they are recounting things..
Jobs
Unemployment
GDP
Crime
Debt

and more.. Just to fool the stupid.
Forgot to add in inflation..
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