Nice to see documentation of this deception.
When Carter was in office, his economic policy was so awful it couldn’t be ignored - both unemployment and inflation were so bad even the MSM couldn’t cover for him, and it was hardly a surprise Reagan took him down.
Anybody who lives someplace other than DC or Manhatten knows that the economy has sucked for the last seven years - yet the MSM hasn’t had much difficulty covering this time. And that’s partly (largely?) because the Washington elite has learned how to fudge the unemployment data (now, supposedly under 5%, even though workforce participation is the worse it’s been in several decades), and they’ve played games with the CPI formula, so that 10% inflation can be sold as 1.5%.
And thus do the elites keep their stooges in power while the economy goes to hell.
Despite the gains in the Dow recently, all the fundamentals tell us the global economy is on the precipice of disaster.
The fools applaud at the end of each closing bell, smiling like vapid, windup robots.
Yes, applaud. Applaud.
Many people continue to pour massive amounts of their ever dwindling salary into the market via their 401K, IRA, or other retirement account, not even knowing what they are buying.
As you stated, the real unemployment and inflation numbers are now fudged, and everything pumped out are pure lies.
Do you remember what happened during the 2012 election? The BLS put our false data prior to a debate, and the Wall Street gamblers in the casino bought it hook, line, and sinker and the market perked up. The media reported it as a "Victor for Obama!"
The Wall Street gamblers are just Johns working for the Whores - and they don't really care so long as they get a cut of the Ponzi scheme.
We’re farmers and borrow large amounts of money, interest rates were 19% under Carter. Just one of the times we almost went broke.