In the age of information, 24-hour news, the Internet, instant messages, and even tweaks, how can we be certain that the information then we are getting is reliable? Is to turn to newspapers and TV for truth. Nowadays, we're getting opinions at best. But what about the information that the government is giving us? As much speed like to trust our government, we know we are being lied to. Even if we aren't able to call them direct lies, we know we are being persuaded to think in a particular direction. We should be persuaded to think.
Have you ever thought about the economic numbers but the federal government is giving us? What do they mean? What are they telling us? How reliable are they?
Let's consider a few numbers that the government gives us on a regular basis. First, the unemployment number. The first Friday of every month, it comes out as a percentage. Even economists acknowledge that there are good numbers and bad numbers. Good and bad not meaning what they are trying to tell us, but good and bad as to how reliable they actually are. In the unemployment number is not a good number. The past few months, the reports have been telling us that the number of jobs added to the economy has grown. Yet the unemployment number remains high. So what is actually being told to us?
The inflation number is another fairytale. There's no other way to describe it. For about two years now, the federal government has been telling us that inflation is practically nonexistent. And because the consumer price index is linked to increases for Social Security recipients, while the people on Social Security have not gotten a raise in two years. You would think that this is good news. However, the federal government wants to give $250 as a bonus to people receiving Social Security to keep up with increasing costs. So if prices are not rising, why the 250? Has anyone gone to put gas in their car or shop for groceries in the past two years? Prices have not necessarily been flat.
Now the Fed wants to inject $600 billion into the economy for buying our debt back. Even the Keynesian economists think that this is going to be inflationary. These are the same guys who tell us to borrow and spend and spend and borrow. How does this fix the economy?
We supposedly got into the economic crisis that we cannot get out of because we borrow too much money and paid too little of it back. Now, this is supposed to be the plan for getting us out. Couple that with a tax increase, and no one will know what to do.
This is also going to weaken the dollar. One thing I cannot figure out is why the people who are in charge of the government, and the Federal Reserve system want our money to be worth less than it already is. Shouldn't a strong America also have a strong dollar? By weakening the dollar, this is the only way that the Obama administration can figure out how to decrease the trade deficit.
It's too bad that the federal government cannot get out of the way long enough for businesses to start expanding and producing goods that they can sell to the rest of the world. If only we had an administration that understood that economic growth means growing the proverbial pie. Not cheapening the pie we already have. Redistributing wealth is not making the poor better off, it is making us all worse off. How many election cycles will there be until America returns to greatness?