Figures Lie, Liars Figure
The day after the first presidential debate, the government released its new unemployment numbers at 7.8 percent, a somewhat surprising and drastic reduction from the previous 8.2 percent. The news media and the occupant of the Oval Office heralded the figures with comments that the economy is back on track and that the president’s policies were working–people are going back to work. Not so. The figures didn’t add up. Former General Electric CEO Jack Welch pointed out that the figures were cooked. Which caused a firestorm in the media because Welch was essentially accusing the president of manipulating the figures to make him look good after losing the debate. Who was right?...Read the rest of The Daily Jot
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