Monday, February 28, 2011

Is Team Obama lying to us or do they just not know their math? You decide.

We've notice in recent months as the recession has dragged on and on with little improvement that the Obama Administration is playing a game with both the Gross Domestic Product numbers and the unemployment numbers. The game is: They release reports that show improvement. The next month they "revise the previous month/quarter" and there is a pattern. The revisions are always downward, and in many cases the revised numbers would not have been a statistically significant improvement as they trumpeted. Here are two such examples this month: On January 29, 2011 the New York Times reported that: "The gross domestic...

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