Hey Democrats, Tell Me About The Economy Again?
There are many people on both sides of the aisle who believe the government intentionally rigs financial data in order to influence public perception. This isn’t entirely true but it also isn’t entirely false.
When the Chinese government reports financial data, you objectively do not know if it is true. The black box of the Chinese economy is unilaterally controlled by President Xi’s CCP and has no checks and balances provided by nonpartisan entities. The United States has countless financial institutions on Wall Street and elsewhere that monitor the data produced by the government.
However, due to the complexities of data gathering, the recent employment data has required substantial revisions over the past year. In short, Goldman Sachs is predicting that the number of jobs added to the economy will be slashed by up to 1 million positions after the revision is complete. This will mark the single largest correction in 15 years.
Democrats are lecturing Americans at the DNC this week on the merits of Biden’s economy. Despite all of the data pointing to an inflation-fueled crisis that is crippling American families, Democrats have demanded that you ignore your lived experience and simply be grateful. Watch:
Well I would not have thought that government would intentional rig Justice Department investigations and court cases in order to influence public perception. I would have not thought that the health agencies in government would intentionally rig the science and statistical reporting in order to influence public perception. You do know that Obama offered hundreds of millions to local law enforcement if they would change the way they reported hate crimes, and then the Democrats in all the big crime cities collided to stop reporting all sort of crimes... both of these moves were to rig the data to influence public opinion.
At this point I think it is very naive to trust that any of the government-reported data is not in some way manipulated to influence public opinion.
With people who speak of ‘nudging’ the public into more acceptable behavior and with their newfound reliance on ‘whole of government’ initiates to change things, use of statistics and polls to steer our outlook is a given. As Erick points out, they change the definitions of things like “full time employment” to suit their agenda. When things look better than they seem to folks ‘on the ground,’ first look at how they change the definitions. A recession was understood to be two consecutive quarters of negative growth - until that conflicted with the narrative. Those in charge get to change the rules, and when the objective is to hold onto power at any cost, it follows that the rules will change often. Since the bureaucracy owns the rules, that’s where the power resides, and so that’s where the left can be found. The best solution is to decrease the ability to write more rules, and eliminate most of the others.