Thursday, December 5, 2013

Bogus Unemployment Numbers Update

Back on December 3, 2011 in this blog I alleged the U.S. government had fabricated their monthly reporting of unemployment data to make the rate look lower than it actually was.

This blog post quickly became one of the most controversial I ever wrote.  To this day it is still one of the most read.

A Nobel Prize winning economist (and Obama Administration sycophant) quickly condemned me and what I wrote claiming I had no idea what I was saying.  He actually posted a link to my blog on his own which, quite honestly, was dumb since his website drove tons of traffic to mine.  He's famous and I'm not.  In fact, half of his own readers thought he was wrong.

Former General Electric CEO Jack Welch himself suggested the same thing I did in a now famous tweet he wrote in October 2012, nearly a year after my original blog post.  I met Welch and his wife while the two were on a book tour in 2013 and he enthusiastically agreed with me saying, and I quote, "the books are being cooked.  I know it."

Well, it turns out Jack Welch and I were right.  Two employees with the U.S. Census Bureau now claim in writing to Congressional investigators and the national press they were ordered to fabricate unemployment data in order to make the real unemployment rate appear lower.  These employees state on the record this fabrication has been occurring "for years."

Plus these same employees were ORDERED by superiors to "make up" numbers during an election year.  The unemployment rate, incidentally, dropped from 8.1% to 7.8% in this critical time, September 2012.  You can guess why.  For the record, White House spokesman Jay Carney has denied any wrongdoing.

The Congress of the United States has now launched a formal investigation.  Look for hearings to begin in the House Oversight Subcommittee early next year.  Here is the official letter informing the current director of the Census Bureau, John H. Thompson, of the impending investigation.

To read the full letter, click here.

PK, kiss my ass.  TWICE.

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