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View Diary: Taibbi, Naked Capitalism Re: Our Bipartisan "Fraudemocracy" (261 comments)

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  •  missing section to the diary (12+ / 0-)

    fraudulent revision to social metrics measured by government (e.g. unemployment rates, personal savings rates, inflation rates. . .)

    There is a constant pressure in every administration to make the economy and the general welfare of the public seem to be better.  Constant revisions to measurement methodology of interest rates makes the current cumulative interest rate since 1982 about 70% of what it should be.  All cost of living increases are based on the inflation rate so all social security payments are about 70% of what they should be.

    Unemployment, if measured as it was in bill clinton's admin era would currently be over 17%

    Personal savings rates went negative in 1999, the bush administration revised them upward 3 times over its administration's tenure by changing the methodology of measures.  Without these measures, we would have seen negative savings rates of 4-6%, far below the minimum saving's rates found during the great depression, and this would have been a significant warning for the coming economic collapse of 2008.

    all of these metrics (there are more) are supposed to give us a real measure of the welfare of our society. infant mortality, poverty, education, wage all of these things "soft" based on the government's fraudulent measure of "the problem".

    All liberal values can be summed into a single issue: The dismantling of the American Middle Class. Publicly Funded U.S. Politics NOW!!!

    by innereye on Sun May 02, 2010 at 09:33:09 AM PDT

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