BOB RUBIN: Time For An Honest Government That Acknowledges The Reality Of Economic Hardship
In his recent op-ed for the Daily Caller, highly respected economist Stephen Moore raises a critical concern: Washington may be manipulating economic data to present a more favorable picture of the U.S. economy than the reality on the ground. I raised a similar issue in an op-ed featured on the Daily Caller on Sept. 1.
The Bureau of Labor Statistics (BLS) had to revise U.S. employment figures downward by a staggering 818,000 jobs. This revision, which covers the 12 months ending in March 2024, is one of the largest since the 2008 financial crisis. (RELATED: BOB RUBIN: The 818,000 Job Revision: A Case Of Incompetence Or Deception?)
Moore’s argument echoes a broader sentiment from the American people — that the federal government, particularly under the Biden-Harris administration, has a vested interest in shaping narratives to maintain power, especially as elections approach.
Moore points to a growing disconnect between the inflation and employment statistics released by government agencies and what many Americans are experiencing in their daily lives. He questions whether these discrepancies are due to innocent miscalculations or,........
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