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Wake Up Media, the BLS Has Been Fudging Its Numbers for YEARS
Pop Quiz…
How does the US economy add 800K+ jobs during a month in which employment taxes and consumer spending FALL?
Answer: magic! Or actually the BLS lied... again.
It’s truly staggering to see this brazen a lie out in the public. Even by the BLS’s standards (which has been massaging the hell out of its jobs data for years) this latest monthly employment number was a stretch.
Of course, no one bothers explaining just how fraudulent the data was, because that would mean questioning the credibility of the BLS. Instead the whole issue becomes one of politics in which the talking head idiots spar about nothing of import, in yet another attempt to distract the masses from the fact that the Government openly lies about inflation, employment, GDP data and just about everything else.
Pop Quiz #2: How many media talking heads even read a BLS announcement before forming an opinion of it?
Answer: Reading requires actual thought. It’s better to just spout an opinion without facts. That way you’re never wrong because… you’re just stating your opinion!
At some point one would think that participants in a Democracy would call the Government to account for the fact that the powers that be repeatedly urinate in our faces and tell us it’s raining… but one would of course be greatly overestimating just how little people actually care about anything that matters.
For those of us who actually enjoy thinking… let’s extend this inquiry. In the last year, we’ve seen the Obama administration ask Russia to delay its missile shield proposal until after the November election. We’ve also seen it ask Europe to hold things together until after the election. Heck it’s even asked the military to delay firing people until after the election.
Just what is being promised in exchange for this? We’ve already seen QE 3 announced which is a clear quid pro quo for the EU’s help in maintaining things until after November. What else is coming down the pike? What other promises and back-scratches will we be giving the Russians and the EU?
I don’t have an answer for this. But I know it’s not anything any of us will actually have voted for. Just like TARP and ObamaCare, which the majority of Americans didn’t want, whatever is dished out to others to help keep things calm until after November won’t be anything we have any say in.
And rest assured, we’ll all be worse off for it.
At Phoenix Capital Research, we have a host of FREE Special Reports devoted to helping readers prepare for various economic eventualities including what happens when the world wakes up and realizes that the entire "recovery" was in fact one epic lie. These reports are all 100% FREE and can be downloaded at www.gainspainscapital.com
Best Regards,
Phoenix Capital Research
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"Wake Up Media?" How about GROW UP Phoenix? Only a child could posit that the MSM isn't an intentionally, well honed propaganda vehicle.
generally, i scan through the tables on both BLS surveys (there isnt much text) every month
but while i'm aware the household survey is inaccurate for a lot of reasons, i cant say i see any "lies"..
They aren't 'lies' - those 'discrepancies' are accounted for - they're called 'revisions' and are posted later in the month - invariably DOWNWARD - at a statistically signio=ficant rate (9 to 1 or more DOWN)
This article is not any better on the facts side. Hard data, not rumor, please.
Slickrock,
I agree with you. Here is a better explanation that has some meat.
wave@frontlinethoughts.com
Summers could read the comments here, so he can gain the hard facts research we are doing for him.
Shadowstats.com
Gov's been fudging numbers for decades. BOTH parties play the same game - fudge what you can't fix - smoke and mirrors. You can't tell the truth - people get pissed and you don't get re-elected (as if it matters whop's in office).
REAL overall unemployment is well over 20%, REAL CPI is DOUBLE the offical number. GDP was negative for miost of W's presidency. Problem is that when you lie regularly, people catch on. Once credibility has been lost......
I really do not understand why it is suddenly so taboo to say "LIE" now. "fudged" "smoke and mirrors" etc. It's all LYING, but not a single fucking talking head will dare use that word. Politicians are "mistaken", but never are LIARS. Kinda funny.
Let's face it....people don't want to know the truth. They prefer temporarily soothing, ultimately suicidal lies.
Lazy ass media is owned by the corporati....meeting expectations, I say.
Onward to Greece !