Saturday, February 11, 2012

They Can't Do Anything But Lie

America's Sham Economic Recovery

"Official government data are manipulated. Credibility's entirely lacking. Reported good news is hype. Grim underlying reality is suppressed.

The monthly Labor Department jobs report is typical. Progressive Radio News Hour regular economist Jack Rasmus calls the latest January one "largely statistical legerdemain."

A reported 243,000 nonfarm jobs reported lacked credibility. Manipulation manufactured them. Even the Bureau of Labor Statistics (BLS) admits:

"The confidence level for the monthly change in total employment is on the order of plus or minus 430,000 jobs."

With that level of accuracy why bother reporting at all. Monthly numbers are meaningless. January's reflect the problem.

Rasmus said those allegedly created aren't actual jobs. "They represent seasonal adjustments made to the raw data...." January numbers, in fact, reflect "an anomalous massive upward revision of the raw jobs data, due to assumptions about seasonality and (alleged) new business formations."

Comparing actual versus seasonally adjusted figures shows marked differences. Data reported for December 2011 and January 2012 revealed "an incredible 7 to 10-fold increase in the difference between" seasonably and non-seasonally adjusted figures.

For January, raw data showed large job losses, not gains. Included were "about 300,000 construction jobs, another 600,000" retail ones, and "400,000 in business professional services as most businesses trim their labor force at the start of the year to keep costs down." In addition, hundreds of thousands more were lost for a 2.7 million total overall.

Reporting 243,000 new jobs denies reality. In fact, it's worse. It's Obama administration propaganda to make unemployed workers think their troubled status doesn’t reflect falsified improving conditions.

It's an election year stunt, an official lie, turning reality on its head for votes at a time America's experiencing a Main Street Depression affecting jobs. It replicates the 1930s. True unemployment's at 22.5%, not the fake 8.3% U-3 number reported to hide the dark truth."

What's interesting about this is that government can never tell the truth again. The very first time it utters truth it will expose the shit and lies it's spewed all along, so it has to keep on lying.
"Oh what a tangled web you weave when first you practice to deceive"
I have a feeling governments don't care about this because it's well known amongst our overlords that the image of sustainability won't have to be propped up much longer.
Once they trigger WW3, who'll care about their pathology?
They can say anything they want to us at this point.
Enough Foxified, mouthbreathing dolts will believe it.


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