Economists Seek to Fix a Defect in Data That Overstates the Nation’s Vigor

NO WONDER THE LEADERS ARE CLUELESS ABOUT MAIN STREET REALITY… THEY DON’T KNOW ANY BETTER, AND THEY CERTAINLY DON’T LISTEN TO THEIR CONSTITUENTS

http://www.nytimes.com/2009/11/09/business/economy/09econ.html

Excerpts:

“WASHINGTON — A widening gap between data and reality is distorting the government’s picture of the country’s economic health, overstating growth and productivity in ways that could affect the political debate on issues like trade, wages and job creation.”

AND

““We have no idea how to measure the occupations being offshored or what is being inshored.”

- Mr. Mustard

Related Posts:

• Panic: More than a third of the nation’s unemployed — 35.6%!!!
• We need Federal,State, and Local Government to run just like a household.
• How could anyone seriously believe that Euro-Zone growth would not slow and then tumble?
• COMPANIES BOOST PRODUCTIVITY AND PUT OFF HIRING
• I used to work for the Employment Service.

Leave a comment