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September 19, 2003
IT MUST BE A CALIFORNIA THING
Glenn Reynolds, by way of Clayton Cramer, cites a curious statement by Gray Davis:
"My vision is to make the most diverse state on earth, and we have people from every planet on the earth in this state. We have the sons and daughters of every, of people from every planet, of every country on earth," he said.
(Emphasis added.)
Now, this may be a simple slip of the tongue or confirmation of California's... unique characteristics. I think it's something entirely different - the answer to a difficult problem with our economic statistics.
In its current survey of the world economy, the Economist describes America's burgeoning current-account deficit, but also notes a problem with its calculation (subscription required):
Some of the recent rise may be a statistical quirk. According to official numbers, the world as a whole runs a current-account deficit with itself, and one that has risen sharply since 1997. Since the world does not, as yet, trade with Mars, the numbers must be wrong, so some of America's current-account deficit may be more apparent than real. But not all of the recent rise, or even most of it, can be explained this way.
(Emphasis added.)
Are they really sure that there is no extraterrestrial trade? Perhaps the Economist's correspondent should've stopped in Sacramento while researching the survey. And the hopefully-soon-to-be-former Governor Davis may be bucking for a job as Commerce Secretary in a Dean Administration (though the extraterrestrial trade expertise may be more relevant for a Kucinich Administration).
Posted by Dr. Manhattan at 10:52 AM | Permalink