ECO-TERRORES
Fuzzy Math: Cook the Planet, Cook the Books, Call it Growth
This is the nation's hidden accounting scandal, the one that neither government nor media will touch. It concerns the accounting for the entire economy, the way the government purports to determine whether things are getting better or worse. This accounting is called the Gross Domestic Product or GDP. It is central to the big policy debate in Washington, and is the template for the policies the United States projects upon the world. The media regards it with a reverence bordering on awe. The Wall Street Journal recently called the GDP the "world's most reliable economic indicator."
Yet like the books of Enron, Tyco et. al., the federal economic accounting is a sham. It portrays regress as progress and misery as economic advance. If you ever have wondered how you could feel so harried, stressed, maxed out and under siege, even when the government says the economy is doing well, the answer is here. If the president really is looking for chief executives who "cook the books," he might well take a look at the economic books over which he himself presides. They truly are a mess.