In response to:

Making Sense of Keynesian-Laced GDP Reports

Magna Wrote: Feb 01, 2013 10:00 AM
Why must there be a need to pay Government workers nearly TWICE what a comparable job as a Civilian would and why have we had a hiring Boom in the last 4 years of Government workers when the rest of the job market has been floundering or stagnant ? Washington has become the new mecca of the Rich with all of the new found young and wealthy -car dealers can hardly keep up with demand and real estate is hot and difficult to obtain -explain that Dan107 ?

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...