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The new GDP methodology: What you need to know
MarketWatch ^
| July 31, 2013
| Steve Goldstein
Posted on 07/31/2013 7:40:43 AM PDT by Mad Dawgg
The Commerce Department has made changes to how it calculates gross domestic product, designed to have the data better reflect the so-called knowledge economy. The U.S. government adjusted data all the way back to 1929, and other countries have or are about to make similar changes to their data.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events
KEYWORDS: 1984; gdp; gdpformula; ministryoftruth; orwellian; randd
Ministry of Truth is "revising" history to make the "present" look better...!
1
posted on
07/31/2013 7:40:43 AM PDT
by
Mad Dawgg
To: Mad Dawgg
That’s exactly what it is.
2
posted on
07/31/2013 7:45:43 AM PDT
by
OneWingedShark
(Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
To: Mad Dawgg
Gosh, according to the new methodology, the economy has done better under five years of Obama than at any time since 1929!
Boy, did I ever have the wrong impression.
3
posted on
07/31/2013 7:48:08 AM PDT
by
skeeter
To: Mad Dawgg
When the facts don’t fit the conclusion Big Brother just changes the facts.
4
posted on
07/31/2013 7:58:31 AM PDT
by
Iron Munro
(They Old. That's Old School People. We In A New School, Our Generation)
To: Mad Dawgg
Dear Leader is right and reality is wrong!
5
posted on
07/31/2013 8:42:36 AM PDT
by
ArcadeQuarters
(Socialism is built on slavery.)
To: Mad Dawgg
HOLY FREAKING ORWELL, BATMAN!
6
posted on
07/31/2013 8:50:08 AM PDT
by
Crazieman
(Are you naive enough to think VOTING will fix this entrenched system?)
To: Crazieman; Mad Dawgg
He who controls the present controls the past.
He who controls the past controls the future.
FREEDOM IS SLAVERY
IGNORANCE IS STRENGTH
DEMOCRATS ARE PATRIOTS
7
posted on
07/31/2013 9:32:54 AM PDT
by
Hoodat
(BENGHAZI - 4 KILLED, 2 MIA)
To: Mad Dawgg
I read the title as, “The new GDP mythology: What you need to know.” About the same thing, I suppose.
8
posted on
07/31/2013 1:18:47 PM PDT
by
dinodino
To: Mad Dawgg
The ministry of truth has spoken. All citizens bow down and chant “I believe”
9
posted on
07/31/2013 1:32:49 PM PDT
by
I want the USA back
(Media: completely irresponsible traitors. Complicit in the destruction of our country.)
To: Mad Dawgg
This is the whole reason that Austrian economists reject the entire notion of measuring national economies. The reality on the ground can be outright dismal, but we are suppose to think everything is coming up roses because our official numbers say so.
10
posted on
08/01/2013 9:02:03 AM PDT
by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: Mad Dawgg
Does this mean I have to throw away my collection of annual copies of THE STATISTICAL ABSTRACT OF THE UNITED STATES? Evidently every number in them is now "out of date."
11
posted on
08/01/2013 5:21:32 PM PDT
by
JoeFromSidney
( New book: RESISTANCE TO TYRANNY. Buy from Amazon.)
To: Mad Dawgg
don’t like the results, change the method
12
posted on
08/01/2013 5:24:48 PM PDT
by
GeronL
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