Re: govt. claims 7.2% rise in GDP; accurate number?????

Darren <[EMAIL PROTECTED]> wrote in message news:<[EMAIL PROTECTED]>...
> Archimedes Plutonium wrote:
> 
> > (3) perhaps the entire funding of the war in Iraq was added into the
> > GDP
> > computation.
> 
> All government spending, including military, is included in the GDP.... so
> in fact, the war in Iraq *is* openly and officially included in GDP
> calculations.
> 
> Darren

I suspect that since so much is riding on the state of the economy for
the president sitting in the WhiteHouse, whoever it maybe, that the
pressure to have a good economy and based almost solely on this GDP
reporting, that there can be and is a means of tampering or giggling
the numbers.

For example, the recent desire of a $86 billion aid to Iraq package
and where only USA companies are awarded the bids.

So if the desire to make the GDP numbers look good in the near future,
regardless of whether any real economics is going on or not. Then the
bureacrats simply take a slice of the $86. and claim a 7% rise in GDP,
even though new waves of unemployed and more bankruptcies.

So I can envision a disconnect between what is reported and the actual
economic condition of the USA.

If a presidency is reliant or dependent upon GDP numbers, then they
quickly will find a way to jimmy those numbers or rig them or distort
them to their favor.

One number that they cannot distort is spot oil prices. So if oil had
been up to $31. per barrel for most of the past 3 months, then a claim
of 7% rise in GDP over those 3 months signals me that the GDP numbers
were distorted by the politicians and not reflective of true reality
of the USA economy.

I think the Senate should hold a special hearing as to how easy it is
to distort GDP, because from watching rising oil prices contradicts
the claim of rising GDP.

Archimedes Plutonium
whole entire Universe is just one big atom where dots
of the electron-dot-cloud are galaxies