Not a Miss of 25%, a LIE of 25%
BLS and Jobs
I remember during the Bush administration, Democrats accused the BLS of cooking the books to make Bush look good. Then under Obama, the accusation switched. It switched back again under Trump.
Today, the estimate of new jobs created dropped by 818k.
Biden and Harris cooked the books. This isn’t any different than Enron.
They cooked the books during an election year to make themselves look good. The BLS went along with it. Shame on them.
I was listening to the Joe Rogan/Peter Thiel podcast driving from Grand Marais to Duluth. I have to hop on a plane to Detroit. My mom is in hospice. I saw her a few weeks ago and am going again.
Thiel’s contention is the bureaucracy and our “institutions” that we relied on for the last 70 years have fallen apart and just don’t work now. I agree. The answer isn’t to hire more people into the institutions. It’s to go 1000% outside them and let the private sector do it.
In addition, dismantle the institutions. We don’t need them. We don’t need all the non-profits which are NGOs (essentially evil orgs that carry out the wishes of a few rich people—>Bernie are you listening?). Do we need the BLS? Isn’t there a huge economic incentive to get those numbers right and won’t people that need it immediately pay a pretty penny for it?
As Friedman said, “there are no angels in government.” They are not some unaligned objective King Solomon.
The tax guy arbitrarily showed up at my two Grand Marais cabins yesterday. Started taking photos. What right does he have? I live on a PRIVATE road. It’s 2.5 miles long and gets no help from any government organization. When I mentioned my taxes keep going up the max year after year and that this road isn’t plowed or navigable in the winter, he shrugged his shoulders. We are his piggy bank and his best customers since we use none of the services and pay all the taxes.
The BLS is but one error and its error is a huge one. How many agencies lie or fudge or shade whatever they need to shade to benefit the party they want to benefit?
Vivek is correct. Get rid of them all save State/Defense and start over.
I agree with Vivek and you also. The institutions begat by the post-Depression era have ripened and now finally rotted. One of the worst is the SEC. They completely ignored warnings by a forensic accountant about B. Madoff and his schemes that would harm the market (and his clients) because he had filled out his paperwork correctly, so really what could they do? And somehow they never saw the mortgage meltdown in 2008 coming--although various experts outside of govt certainly did. What good are they anyway?
Prayers for your mom and your family.