By now most American’s are aware to some degree that the Federal Government is and has been lying about the real unemployment rate in America. We all know that it is much higher than we are being told. We learned not all that long ago that the government knowingly and intentionally lied about it to help Obama get reelected.
In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply — raising eyebrows from Wall Street to Washington.
The decline — from 8.1 percent in August to 7.8 percent in September — might not have been all it seemed. The numbers, according to a reliable source, were manipulated.
And the Census Bureau, which does the unemployment survey, knew it.
Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.
And a knowledgeable source says the deception went beyond that one employee — that it escalated at the time President Obama was seeking reelection in 2012 and continues today.
“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.
The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.
Ironically, it was Labor’s demanding standards that left the door open to manipulation.
Labor requires Census to achieve a 90 percent success rate on its interviews — meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.
Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.
Philadelphia filled the gap with fake interviews.
“It was a phone conversation — I forget the exact words — but it was, ‘Go ahead and fabricate it’ to make it what it was,” Buckmon told me.
Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate.
Interviews with some 60,000 household go into each month’s jobless number, which currently stands at 7.3 percent. Since this is considered a scientific poll, each one of the households interviewed represents 5,000 homes in the US.
By now most American’s are generally aware that the unemployment numbers touted by the Obama Administration are being achieved by dropping those people whose unemployment benefits have expired from the unemployment numbers data. The workforce participation percentage keeps falling while the general population keeps increasing. What is the truth then?
Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.
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“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.
“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,” he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.
They added that “officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”
The truth, the real truth is pretty damned brutal. The Unemployment rate is 37.2 percent, during the Great Depression, it was 21 percent. Let that sink in for a few minutes, during the Great Depression everyone saw the effe3cts of the unemployment rate, it’s was made obvious by the long soup kitchen lines and the huge crowds of men lining up anywhere a jobs opening sign was posted. Those things are carefully hidden from everyone’s view today, but not so carefully that they aren’t still visible if you know what you are looking at.
The soup kitchen lines have been replaced with Food Stamps and EBT Cards. The long lines wherever a job opening was posted, but invisible lines stored in online data bases where job applications are posted. You don’t see the long lines of cars caravaning across the country as the homeless and jobless travel from city to city desperately seeking employment because the open space just no longer exists to allow those kinds of Oakie camps. But most importantly, the Mainstream Media just doesn’t report on it the way they did in the 30’s. The Federal Government denies it, and the Mainstream Media refuses to report on it, so it must not exist.