Like prior Presidential administrations, growing pressure on Barack Obama forced the Commander in Chief to change the data modeling of how GDP was determined, and to make it look like the economy was improving well above its actual levels. In fact, the data stream that was changed in the GDP model was...
How much money you (American people) make as income!
Because of these new changes to the GDP formula, and not the actual real jobs and production data, America suddenly became $300 billion richer, and accordingly, the stock markets responded by reaching new all-time highs.
We are delighted to advise Americans everywhere that you are all now making some $300 billion more than you were before the 8:30 AM revision. At least that's what the Bureau of Economic Analysis says: according to the quarterly revision, the revized annualized Disposable Personal Income is really some $300 billion higher compared to the pre-revision number. You are all richer!
What's that? You don't feel a dollar richer compared to this morning? That's irrelevant: everyone is now making about 2.4% more. A revised number in an Excel spreadsheet on a government computer said so, so it must be true. - Zerohedge
America! Time to go out and feel richer even if you aren't actually richer. Your government has printed you more income, out of thin air!
As a reality check however, the REAL reason the government made these formula changes was so that THEY could borrow more money, and artificially lower the debt to GDP ratio that was nearing an all-time record of 110%.