In response to:

Making Sense of Keynesian-Laced GDP Reports

glenn183 Wrote: Feb 01, 2013 12:33 AM
Many folks see the economy as a zero sum game. If I get more you have to get less. The pie size is not a constant meaning if we get the economy growing we ALL get a bigger slice. Your slice may be bigger than mine because you did more to deserve it but I don't mind. This 'running in place' we've been doing the last 4 years is just a total waste.
Dan107 Wrote: Feb 01, 2013 8:13 AM
Glenn, the sole foundation of Obama's reelection campaign was that those who didn't get a bigger slice than others who worked harder to get theirs, do mind and are supposed to be envious and resentful.

Fighting against statism in Washington is a lot like trying to swim upstream. It seems that everything (how to measure spending cuts, how to estimate tax revenue, etc) is rigged to make your job harder.

A timely example is the way the way government puts together data on economic output and the way the media reports these numbers.

Just yesterday, for instance, the government released preliminary numbers for 4th quarter gross domestic product (GDP). The numbers were rather dismal, but that’s not the point.

I’m more concerned with the supposed reason why the numbers were bad. According to...