http://www.zerohedge.com/news/2013-07-29/government-revises-84-years-economic-history-week
The US Government "Revises" 84 Years Of Economic History This Week
by Tyler Durden, Zero Hedge, 29 July 2013
Don't like how high debt-to-GDP figures are? Revise 'em. Unhappy at the post-'recovery' growth rates? Revise 'em. Disappointed at the pace of economic improvement in the last decade or two compared to the rest of the world? Revise 'em. This week "we are essentially rewriting economic history" as the BEA is set to revise GDP data from as far back as 1929. The 'adjustments' to account for intangibles (that best known of micro- accounting fudge factors) and as we noted previously in great detail, will increase GDP by around $500 billion. Of course, these changes are defended aggressively (just as the hedonic adjustments to inflation calculations 'make perfect sense') as GDP will now reflect spending on research, development, and copyrights as investment - and reflect pension deficits for the first time (think of all that potential future GDP from massive pension deficits now). With Q2 GDP growth estimates set for a dismal 1.1%, expectations are for the short-term economic data to be revised upwards (and with any luck the great recession never happened at all).
US economic history will be rewritten this week, as the most far-reaching methodological changes in years will add the equivalent of a country the size of Belgium to output in the world’s largest economy.The most important change by the Bureau of Economic Analysis, to be announced on Wednesday, will be to start counting spending on research, development and copyrights as investment, and reflect pension deficits for the first time.
Combined they are expected to add 3 per cent to gross domestic product.
...
“We are carrying these major changes all the way back in time – which for us means to 1929 – so we are essentially rewriting economic history,” Brent Moulton, who manages the national accounts at the Bureau of Economic Analysis.
Which brings up an important question: will government spending on R&D on how to fudge GDP result in the most spectacular Excel circular reference ever created?
【古风按】美国若失去了GDP第一的宝座，会有什么后果呢？在2012年头的一篇旧作《古风评说中国GDP超美》（http://blog.wenxuecity.com/myblog/46947/201201/19892.html）中，古风特别引用Gallup民意调查公司的主席和总裁Jim Clifton的论述，讲解了这个问题。现把相关文字复制如下，供大家参考。
很多网友都认为GDP仅仅是个数字游戏而已，根本就没有什么意义。那么美国的GDP被中国超越到底会带来什么样的后果呢？请大家阅读Gallup民意调查公司的主席和总裁Jim Clifton的新书《The Coming Jobs War》，就明白其中的奥妙了。
The Coming Jobs War by Jim Clifton (2011)
http://www.amazon.com/Coming-Jobs-War-Jim-Clifton/dp/1595620559
(Jim Clifton is the chairman and CEO of Gallup)
Let's see what Jim Clifton has written about the USA losing its No.1 GDP status:
“When and if that [China's GDP overtaking USA's] happens, America loses. The world changes; everything changes. China may dominate the world. But it won't have to use its military. When its GDP surpasses America's, it will dominate the world economically by a margin far more than the United States currently has. At that point, China will be the new leader of the world. All decisions between countries on the subjects of peace, trade, environment, borders, laws, and human rights would defer to China. Because more than ever, the new golden rule applies: He who has the gold, rules. And the country with the dominant GDP has the gold and the good jobs ... it will be jobs Armageddon in America. Its unemployment plus underemployment will rise to more than 40%. Leadership of the free world will not be just lost, but overwhelmed. And that's the end for the American experiment in democracy. The history books will say it worked from 1776 to 2040 and then was overwhelmed by Chinese market-based communism.”
最后，请大家再来看看美国真实的GDP增长现状吧（见下图）：自从2004年以来美国实际GDP年均萎缩2%以上（红线是美国政府和大众传媒宣传的喜报，蓝线是真实的噩耗）。
Achuthan：美国经济于2012年就已经开始衰退了
http://blog.wenxuecity.com/myblog/46947/201307/23707.html
美国Obama总统的期中考试成绩单
http://blog.wenxuecity.com/myblog/46947/201303/15101.html
Marc Faber：全球金融超级大泡沫将如何破裂？
http://blog.wenxuecity.com/myblog/46947/201307/20659.html
