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Tuesday, December 30, 2014

Is Obama Outsourcing Our Government To China?

Sure looks like it. The latest report on GDP was an astounding 5% gain in Q3. And, if the government hadn't overestimated—yes, you read that right—inflation, the economy would have grown at a 6.6% rate (using the Billion Prices Project data on inflation). That's some smokin' hot economy we have here.

Or do we? Tony Sagami writes that the government's figures look an awful lot like the Chinese government's GDP reports.

Maybe Obama has found a new way to lie—just outsource the GDP report to the government of China!