But, as Admati pointed out in her testimony, if the authors had included 2006 and earlier years in their analysis, they would have seen low spreads using their own methodology – despite the obvious fact that massive implicit subsidies were already in place. All that the GAO established is that the macroeconomy was previously in bad shape and it is now doing somewhat better – hardly a profound finding.
审计办公室认为，这些利差在2008年确实很高，但现在已经回落。但是，正如阿德马提在他的证词中所指出的，如果作者将2006年及其以前的年份纳入分析，那么同样的方法将产生很低的利差&mdash;&mdash;尽管大规模隐性补贴已经成为显而易见的事实。审计办公室的全部结论是，先前宏观经济不景气，而如今情况有所好转&mdash;&mdash;这显然不是什么意义重大的发现。