I am a Republican, a black, dyed in the wool Republican, and I never intend to belong to any other party than the party of freedom and progress.

- Frederick Douglas

Everything Politicized...Here Comes a Crash

As low as you think the government can go, they seem to find ways to go lower:

The worker, Naomi Cohn, told The Post that she was hired and fired a number of times by Census. Each time she was hired back, it seems, Census was able to report the creation of a new job to the Labor Department.


Each month Census gives Labor a figure on the number of workers it has hired. That figure goes into the closely followed monthly employment report Labor provides. For the past two months the hiring by Census has made up a good portion of the new jobs.

The article--a quick read--demonstrates how some workers have been "hired" four times and are counted as four new jobs. Is it right that the government is trying to manipulate the employment numbers? Does it help that the government is trying to misrepresent current economic conditions? Does this engender trust in our government? And are we going to be surprised by the weakness in the employment numbers when this ability to manipulate goes away?

At some point, reality will get factored into the unemployment rate, and the truth will be obvious. The market will probably drop and the consumer will lose confidence in the economy, all because of the surprise in the weakness of employment. Fake engineering of economic conditions...how is our government different than China's when it comes to transparency?

posted at 13:30:54 on 05/26/10 by clearpolitics - Category: Economics - [Permalink]

Previous | Next


No comments yet

Add Comments

This item is closed, it's not possible to add new comments to it or to vote on it


Please visit our sponsors: Moneyspot.com

Please visit our sponsors: Spreadware.com

The Gross National Debt