Posted a few minutes ago here:
http://www.freerepublic.com/focus/f-news/2311901/posts
Weird to have a dupe so close together, considering this article is from Friday. Did FOX just mention this article on FNC or something?
I’ll gleefully help reduce the unemployment numbers when I go back to work. I’d do it tomorrow if I could.
I am ambivalent about this because they did the same thing under Bush. There were those of us who noted it and talked about it but were shouted down.
Go to http://www.shadowstats.com/alternate_data for Consumer Price Inflation, Money Supply Growth, Unemployment, Gross Domestic Product, Dollar graphs. John Williams is considered “the” source for real economic data. True unemployment is actually about 21 percent. The method of calculating unemployment and inflation has changed multiple times since the Carter administration. This is why the numbers don’t mean anything.
Note the Money Supply Growth graph. Look at the government’s M-3 money supply figures. Remember Bernanke saying in March of 2006 that M-3 money supply figures were no longer needed so they stopped reporting them. Ha! They also said that statistics were too expensive to collect. Wrong, M-3 was eliminated because the Fed was preparing to flood the economy with money and they didn’t want it to be known.
You will also notice that they shut the M-3 money supply off in the first part of 2008 look at the graph. About a half year later the economy tanks. Yes, it was all planned and coordinated to screw you. Wake up out there.
The government minimizes consumer price inflation since social security has a cost of living increase attached to it. They’d hate to have the old folks getting too much money in retirement. See also http://www.shadowstats.com.