Opinion: How the Republicans moved the goal posts on GDP
GDP is a number that many look to as the barometer of how th economy is doing.
The are two numbers released. Which one is used depends upon what is trying to be measured. We are seeing the present Administraion changing the metrics.
One way to measure the economy based upon year over year numbers. The challenge is that it tells the story about the previous year as much anything else.
A better way is to compare year over year by comparing the quarters. This gives a picture of things in the last 12 months only instead of a longer period.
Click on image to read full story.
One writers opinion is hardly as solid as a robust economy that we can tangibly see. He must have written this to fill a little time at work while someone was getting his coffee.
No different than any of the other numbers. Like unemployment. They just change the formulas.
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