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by bmitch3020 99 days ago
It's sad how counter productive the unreliable economic data is. The people buying groceries know that things are more expensive. And the people looking for a job know how hard it is to find work.

But this administration wants to say everything is fine, and fires those that say otherwise. So now unemployment seems under control even though it's not great.

Now the Fed, with their dual mandate to maintain a healthy labor market and control inflation, is considering raising rates. If it turns out the job market was much worse than we realized, raising rates could tank the economy more than it already is tanking. All because they wanted to pretend everything is fine.

2 comments

> The people buying groceries know that things are more expensive.

This isn't born out in polling data. Grocery store prices went from being all anyone talked about to magically solved January 20, 2025. If only Biden had pressed the magic "solve inflation" button

Unfortunately America has pretended everything was fine for at the very least 130 years now, arguably longer, and we have allowed an extremely predatory, toxic, parasitic, fraudulent, thieving and lying set of people plunder not only the money through "money printing" but also plunder the very government through various types and forms of judicial and legislative authoritarian fraud, which was then installed in people's minds through education as the acceptable norm even though there was nothing "democratic" of free, let alone Constitutional about it.