Monday, April 29, 2013

Big Government Statisticians Find New Way to Make Obama Look Good

With such a weak U.S. economy, government statisticians had to find a new way to make the Obama Administration look good. Growth in the country's Gross Domestic Product (GDP) has been minimal. GDP is the market value of all officially recognized final goods and services produced within a country in a given period of time. From 2008 to 209 the GDP took a dip. It rebounded in 2010, but has grown very slowly since then.

Now to make the GDP look better than it real is, Obama statisticians have come up with new tricks to prop it up. They'll now count money invested in research and development as an addition to GDP. Any R&D, good or bad, will be counted. It's like counting bad and good investments in the stock market as a plus!

Read more at...
http://teapartyeconomist.com/2013/04/29/miracle-grow-for-gdp-new-accounting-trick/