It's always wise to distrust anything put out by the government.
That's particularly true during periods running up to an election . . . and especially the upcoming one.
Today's news contained a report that new unemployment insurance claims were lower than had been anticipated. At the same time, the comparable report for a prior period was adjusted upward. Read on to understand (or confirm what you already understand) about what is going on.
Also, the government is scheduled to report on the gross domestic product and again on employment data just a few days before November 2 and the reports undoubtedly will be a rosy ones.
The problem is, as the old saying goes, that while "figures don't lie, liars can figure."
The whole charade is part and parcel of the ruling establishment's electioneering campaign effort to convince the gullible that despite every real world indication to the contrary, the administration's ministrations are improving the nation's economic conditions.
Look out though. All the numbers will be "adjusted" after the election to bring them a bit more in line with reality though not sufficiently to reflect just how dire the situation actually is.
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