Instead of Admitting Economic Truth, Bush Resorts to Statistical Manipulation
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http://www.misleader.org Quote:
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Mrbuck you might try adding your own thoughts instead of just posting links to anti-bush websites. We can find links on our own, and in of themselves they do not lead to discussion.
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I just like to keep people informed...sorry if i am boring you with this stuff.
mr b |
Obfuscate should be the middle name of this Administration, I mean come on...
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Obfuscate...good word. I have to admit, that i had to look that one up.
mr b |
not to mention economic truth on the foreign front...I'm going back for yet another stint in London this spring and I just realized how weak to dollar is because of the at home economic nightmare...sucks
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Your 2 arcticals have been interesting but were interested in your personal opinion and views to accompany it. Thank you for the artical. |
It's an interesting argument. There has always been a lot of discussion around the classification of industries, google on SIC or NAICS and take a look at where various industries are classified, I'm sure you will be surprised by quite a few of them.
For instance, did you know that retail bakeries (e.g., doughnut shops) are included in the NAICS classification for bakery and tortilla manufacturers? I don't buy into the argument fully but it's interesting. |
id like to know something, apparantly US economic growth has had a record year. but with record job losses etc, how can this be.
One thing i though might be the soloution, is military spending included in calculating growth, if so, then any president that declares war will look like an economic hero, which bush clearly is not |
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Typically, in a recovery, you'll see employed workers up their hours. In some cases this means overtime while in others it means salaried workers are expected to put in more "unpaid" time. Eventually companies are convinced that they need to hire more workers and employees are hired. A major trend in recent years has been to hire temps or part time workers to avoid paying medical benefits. At some point, when the growth appears real and sustainable, companies begin to hire full time workers with benefits. |
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LSD |
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Sorry..didn't mean to belabour the point, but you can't discount statistics without looking into the theory behind them. They're an anthropogenic tool used to track and provide desired information. If you don't like it, you can change it, or you can use different metrics. That said, if the Bush administration (or any other for that matter) should choose to "misreport" or "mislead" using statistics (and it happens all the time, all over the world), it's the job of the watchdog agencies to keep the public informed; and good on them for doing so. It's the skeptic's, or the critic's job to "ask the next question" in cases like this. It seems it's being done. |
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Going to six digits does not change the fact that it falls under the category of "manufacturing" while fast food jobs are classified as a "service". |
If you check the fine print on the NAICS coding, you'll find this (following the "donut" example"):
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So, onetime2, you were right in asking me to consider it again. I'm glad I did. I do maintain, however, that there are many reporting mechanisms, and perhaps in this situation, NAICS isnt' the best way to go. In Canada, we also have National Occupation Codes (I didn't google that for the USA), which can also shed light on occupational breakdown, and possibly not run into the same manufacturing/service issues. |
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Is there a considerable economic difference between someone who solders two electronic components together and someone who heats a burger patty and throws lettuce on it? Why does the "immediate consumption" of the burger make it a service when, if that same burger was then frozen and packed off to the 7/11 for resale, it would be a manufactured good? |
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edit: this just in: http://www.amazon.com/exec/obidos/tg...62525?v=glance :) |
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I remember the transition from SIC to NAICS quite well as I was working as an economist at the time of transition. Of course, electronic media was just coming into play so we were inundated with massive volumes of SIC to NAICS conversion tables, definitions, and methodologies. While there will never be a perfect solution to the classification of industries questions need to be asked constantly about the logic being followed and the impacts of different classifications. Where your business is classified can have a huge effect on subsidies, tax rates, and employment prospects. |
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