My only observation - which I have made previously - is that U.S. economic data that purports to describe any activity in "real money" terms understates the effect of inflation.  That is, U.S. government data understates the rate of inflation in terms of the costs that actually affect the overwhelming majority of our citizens.  When they announce GDP or Median Wage data, they are overstating both numbers in real terms.

I realize that you can't discuss every germane point in an article of the sort that you submitted.  I just want to point out once again that the U.S. economy is not operating at the level claimed by the bureaucrats - or their political bosses.

paul spencer