Everything in daily life is faked or fraudulent, especially if the data is coming from the Government.
The inflation numbers are fraudulent, the unemployment numbers are fraudulent, if you really look close at the unemployment numbers, they almost always gets revised lower a month or two later, often times significantly lower than what was originally reported.
“the fairy tale ‘Birth-Death’ model”
BLS cooked the books for Obama’s reelection too. No economic stat cited by the Biden is credible. Biden is a lying liar.
Kurt Denninger has been ranting about this all year.
Most recently: https://market-ticker.org/akcs-www?post=250440
The rat-infested administration got the good news headlines it needed (as usual).
Then did a Page 18 Column 5 clarification (as expected).
SS;DD
Government statistics are always lies designed to fit their narrative. Trusting anything the government tells you is idiotic.
They got caught doing the same same thing worth jobs numbers in the second quarter of 2022. Can’t believe any economic data being reported by the government.
What’s worse is that even if the initial reports were correct, most of them show that we’re losing full time jobs and gaining part time jobs. That’s what happened in December.
Also of note, the official GDP includes government spending as one component. Government spending has increased as a consequence of the now baked-in “covid emergency spending,” AND the support spending in response to our open border. One could ask how much of the GDP “growth” is based on only higher government spending. The answer is likely most of it.
It’s called lying.
“Now do global warming.“
Profound 4 word sentence. The ‘government’, especially under the recent Democrat administrations , changes numbers to hide the economic consequences of there pay to play and voter replacement policies. Just like the book 1984, they collect taxes and lie to the public. Truth is now unique, almost revolutionary event. It’s a government of the government, by the government, for the government, that’s wants your money and not your voting.
Reported on a Saturday night.
Nice...
“Ministry of Truth” in action.
(eyeroll)
Last I checked, about 15 years ago, one out of every 14 people in the US was a government employee - fed, state, and local.
I don’t believe a damn thing coming from the government.