[SeekAndFind]

So, they’re adding things to the GDP whose addition to the economy are DUBIOUS at best ( e.g. writing a book ).

Of course this is going to have the effect of INFLATING GDP upwards (e.g. debt to GDP ration will now look better than it would be ).

And let’s not forget.... the total stock market index valuation depends on the GDP number. Anyone surprised to see our S$P 500 reaching all time highs?

And of course, the lamesteam media will probably tout that the economy is improving and react positively....

[PubliusMM]

Hogwart’s Math, it appears. Don’t like the number? Change the calculation until you get the outcome you want. 0bamanomics in action.

Got my first accounting job when the interviewer asked, “What’s one plus one?” My answer?

“What do you want it to be?”

[Rodamala]

The variable G directly equates with a geometrically modified percentage of I that isn't seen in the summation.

We all believe that if is best to not tamper with I, as the negative component of it, used wholly to make G, has waste built into the process.

GOP is a useless growth indicator.

[TomGuy]

U.S. Government's New Way Of Calculating GDP: Would become 3% bigger due to a change in statistics

Awwwwww! Isn't that cute.

More of the government's Fun-with-Numbers series. The BLS has been doing that for years. Government has been playing with inflation numbers for decades.

Team Obama and the Dems are also good at Fun-with-Numbers. Whenever they need a number, they just SWAG it. They have done it so much that they don't even need petroleum jelly any more. They don't even have to worry about being called on it, because they know their friends in the media will go along with them.

[SunTzuWu]

Bookmark.

[nomad]

Sounds like the new “hedonism adjustment” they`re now using for inflation.

[CommerceComet]

This is how GDP will be calculated:

GDP = private consumption + gross investment + government spending + (exports − imports)

But this is how it will be reported by the media:

GDP = private consumption + gross investment + government spending + (exports − imports) + wishful thinking

What is really handy about this measure is that the media can add a positive wishful thinking premium when the Democrats are in the presidency and use a negative wishful thinking discount when Republicans are in office. This saves having to constantly retool the GDP calculation.