No. You don’t get it. These types of changes have been done for decades. It’s not exclusive to Obama.
How many COMPREHENSIVE revisions to NIPA and the SNA has BEA instituted since 1947.
Never mind, I trust Peter Schiff, FT, The Economist a little more than you,
“ It’s going to look like the economy is getting bigger even though it isn’t. Our GDP is one big lie.”
Not only a lie but it serves the purpose of making debt to GDP ratios look smaller so Statist can spend and borrow more.
PS:
IF comprehensive changes to the NIPA and the SNA “been done for decades” then there would have been absolutely no need to revise the data back to 1929 now would there ?
You`re excused. Run along sport.