Perhaps we are finally getting somewhere, though we suspect only traversing the toilet bowl, as the Chairman of the Government Oversight Committee, Darrell Issa, just blasted the BLS over the jobs data in a conversation with Greta Van Susteren on FOX Business [5]. Issa demands a 'Hearing' because:
the way it's being done with the constant revisions, significant revision, tells us that it's not as an exact a science as it needs to be and there's got to be a better way to get those numbers or don't put them out if they're going to be wrong by as much as half a point.
We are more than happy to provide the factual data to support this Hearing - though we suspect Hilda Solis will be deeply offended that her PhDs' work could be questioned.
Via FOX Business [5]:
Greta: As Chairman of the Government Oversight Committee, do you have interest in holding any hearings on how we gather data to arrive at these numbers?
Issa: We do Greta, because the way it's being done with the constant revisions, significant revision, tells us that it's not as an exact a science as it needs to be and there's got to be a better way to get those numbers or don't put them out if they're going to be wrong by as much as half a point.
Greta: Would you like a hearing in the next couple of months on this?
Issa: We very much intend to work every day through the November and December time to get these kinds of things done. We're hoping that that's a good non-partisan time. And this is an issue where I think our committee has important jurisdiction to make sure we get it right.