Blog reader Carl from New York is rightfully concerned with the U.S. government’s manipulation of the Country’s numbers. Using trickery that could have taught the Eron accountants a thing or two, the data is often manipulated for political purposes. The best current example is the CPI (Consumer Price Index) that indicates nearly no inflation in the United States. There isn’t a “consumer” of food, energy and/or medical services that believes the government’s CPI data.
The outrage that Carl has with the government is reverberating with many across the Country. This is not the result of “extremism” as the Progressives proffer in their talking points. No, it is the result of the People understanding that the irresponsible behavior in Washington must stop. That was the message of this past November’s elections. The only ones that do not understand this are knuckleheads in Washington D.C.
Many of us might remember reading Richard Connell’s short story “The Most Dangerous Game“.
The author in the NY Post article below refers to government’s economic numbers as a “dangerous game”. Those questionable numbers can lead to assumptions and policies by the Fed and Treasury that would devastate the USA’s economy at a time of looming $5 per gallon gasoline forecasts and global economic turmoil, 3 wars, and the remnants of a tsunami.
This is indicative of what you’ve been saying on Enduring Sense about the mythical job numbers (and the recent US census numbers, by the way). For years the federal government and Congress have manipulated jobs numbers and GDP for political reasons, giving those running for re-election something to crow about.
For example, a common assumption is: if the government’s GDP calculation can show several consecutive quarters of growth above 3%, then they trumpet that the Recession is over. And, typically, when recession’s end, of course, the government’s numbskull, politically-motivated economists will estimate that the economy adds between 115,000 and 125,000 per month (this is based on the history of the 1950’s and 1960’s, by the way, when private sector growth in the USA was strong following WW-II, and it had little to do with government action and more to do with leaps in technology and industry).
The same kind of mythical assumptions have been made that for every dollar spent to “create” one government subsidized job, there would be some sort of spinoff of private sector support jobs.
Where I live in upstate New York (near a town called Malta) a spinoff development company of chip maker AMD called “Global Foundaries” has come to town. It is partially a Middle Eastern owned corporation and is building a new chip plant with the aid of over $1.5 billion in direct tax breaks, grants and indirect NY state subsidies in the form of infrastructure improvements to “create” about 1,200 jobs – never mind the fact that many of these jobs were previously in Austin, Texas. Our local politicians have stated that there will be 5 private spinoff jobs for every one of these 1,200 jobs that actually cost over $1 million each to create. Already the company has requested even more tax breaks before the plant has even been completed. As a result, our real estate prices have not declined as much as nationally and school improvements have been approved to accommodate the influx of 1,200 jobs and another 6,000 in spinoff jobs! Yet, in my neighborhood, no less than 25 homes have been for sale, some for over 2 years…
I can’t imagine an truly commercial company operating for very long with imaginary sales and expense data? How can Uncle Sam get away with this? Anyone that has created a new job understands that rarely does it create five more jobs, especially not instantaneously. By the same token, if you eliminate one, it does not suddenly create five other lost jobs.
Where are the savings and efficiencies that Obamacare promised now after $105 billion in new taxes, regulations, waivers and spending are being “invested”? Has the media asked the Commander-in-Chief about his “fuzzy math”? Or, about the “fuzzy math” involving the bailouts, the Stimulus or the favorites game being played with GM, Chrysler and GE? Are the job numbers tied to the $1.5 trillion deficit? Do the American people or the Congress understand what the difference in a few decimal points means, or between a million, a billion or a trillion dollars?
And, so, the Democrat’s have decided that the best way to combat their own “fuzzy math” assumptions is Talking Points to call “EXTREMIST” the ordinary citizens of the Tea Party (and the cowardly GOP) for simply bringing the alarming failure of government fiscal policy to the forefront of public opinion.
The most amazing thing is that same people in Washington DC who oppose energy exploration or cutting spending and who clearly have gotten us into this situation are still in charge!
So, I’m supporting the relentless, plain talking Donald Trump. And I am looking forward to Mr. Trump telling Mr. Obama
Faux Job Numbers Could Lead to Real Trouble; John Crudele, NY POST