Mon Oct 8, 2012, 12:41 PM
Stuart G (8,295 posts)
Krugman: The Truth About Jobs.
Last edited Mon Oct 8, 2012, 12:43 PM - Edit history (1)
If anyone had doubts about the madness that has spread through a large part of the American political spectrum, the reaction to Friday’s better-than expected report from the Bureau of Labor Statistics should have settled the issue. For the immediate response of many on the right — and we’re not just talking fringe figures — was to cry conspiracy.
Leading the charge of what were quickly dubbed the “B.L.S. truthers” was none other than Jack Welch, the former chairman of General Electric, who posted an assertion on Twitter that the books had been cooked to help President Obama’s re-election campaign. His claim was quickly picked up by right-wing pundits and media personalities.
It was nonsense, of course. Job numbers are prepared by professional civil servants, at an agency that currently has no political appointees. But then maybe Mr. Welch — under whose leadership G.E. reported remarkably smooth earnings growth, with none of the short-term fluctuations you might have expected (fluctuations that reappeared under his successor) — doesn’t know how hard it would be to cook the jobs data.
Furthermore, the methods the bureau uses are public — and anyone familiar with the data understands that they are “noisy,” that especially good (or bad) months will be reported now and then as a simple consequence of statistical randomness. And that in turn means that you shouldn’t put much weight on any one month’s report.
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed." DWIGHT D EISENHOWER, speech April 16, 1953:
2 replies, 900 views
Response to Stuart G (Original post)
Mon Oct 8, 2012, 07:50 PM
4dsc (5,283 posts)
1. Republicans are not interested in the truth
No matter how many times you tell a republicans that facts they won't believe them if it counter to their own belief system.
Response to 4dsc (Reply #1)
Mon Oct 8, 2012, 11:18 PM
cbrer (1,831 posts)
That's a FACT!
''Power concedes nothing without a demand. It never did and it never will. Find out just what any people will quietly submit to and you have found out the exact measure of injustice and wrong which will be imposed upon them, and these will continue till they are resisted with either words or blows, or with both. The limits of tyrants are prescribed by the endurance of those whom they oppress.''