Unemployment

[kandrathe]

This doesn't make any sense. "Eventually, the deception is revealed," so they might as well cheat, then reveal it themselves within one year? To what? Win an election? There was no election. "Manipulation as usual"? Manipulating what? They report almost everything you'd ever want to know - number employed, number unemployed, number who have stopped looking, whatever you want, broken down by age, sex, race... if they were going to cheat, wouldn't they have to do it consistently?

What do you want, exactly? Other than to accuse the government of vague malfeasance?

Vague!!!

What do you call it when a company falsifies their income reports to make themselves appear more favorably to the markets? I call it fraud. That is exactly what this is. The government is trying to make the numbers look better than they actually are in order to manipulate the markets. This is why Greenspan's "irrational exuberance" comment had the ultimate effect of popping the tech bubble. The government used the bully pulpit of an open congressional committee to reign in a market that was vastly over bought. They only need to cheat, and in a particular direction when it suits their purposes.

Unfortunately, the American people are very gullible. Look at the shiny... you want the shiny... Don't pay attention to the "correction" of last years GDP adjusted downwards... Ignore the understatement of 800,000 unemployed people. The economy is fine... We're growing again. So, go on, go invest your money. Make those unsecured loans again. Back to normal.

Also, by my figures ~800,000 / 6,800,000 is about 12% error.