ONE GOOD GOVERNMENT LIE : UNEMPLOYMENT

Our government has and continues to lie to the American people daily, however their lying about the true unemployment rate will help our economy. Let me explain:
I first became aware of this back in the late 70's and early 80's. From the 70's through the early 90's we were always in boom or bust cycles. They usually lasted about 2 years or so. Everything would be going great guns, cars, houses, products selling and the economy humming along nicely. All of a sudden you'd start seeing newspaper and TV reports that this or that economic indicator had dropped. And the reports would increase weekly. The next thing you know, we were in a recession. Why?
People read that stuff and think "oh crap, a recession is coming, I may get laid off. I better stop spending on anything that isn't an absolute necessity". Bingo, a created recession. After a couple of years all of a sudden you'd here this went up, that went up, and bingo again, a boom cycle. That's what you call self-fulfilling prophecy. And I swear it was done deliberately. Why? Because the super rich creators made a killing and became even richer. How's that? They'd buy real estate, stocks, and businesses when the prices were down, sell when they went back up.

So, back to today. The government is fudging unemployment figures. The latest for Feb. says down .1 % to 8.9 seasonally adjusted. A lot of economists say the true figure is somewhere between 16.7 and 22% when you count those who have taken part time jobs because they can't find a full time job, and those who have become so discouraged and depressed they've quit looking. But I say this is one government lie that may benefit us in the short term, albeit not like the old days. This one has hit so deep and for so long people are out of resources. They've spent their savings just to survive. But watch for more encouraging reports, a little bit at a time, in the future. Eventually it will help.

Keep informed,
Dumb Farmer