Scrawls from Preston...

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Wed 09 July 2008

Is it worse than they say?

Data Fudging 101. The History Of US Government Statistics Manipulation

Phillips convincingly demonstrates that the real unemployment rate in the United States is between 9 and 12 percent, not the 5 percent or less that is officially claimed. The real rate of inflation is not 2 or 3 percent, but instead, between 7 and 10 percent. And real economic growth has been about 1 percent, not the 3-4 percent officially claimed during the most recent Wall Street and housing bubble that has burst.

This seems like stuff that is hard to prove absolutely, but I can certainly understand the political motivation behind such fudging.