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Thread: No proof that government economic stats are fakenews , "phony" or a "hoax"

  1. #1

    No proof that government economic stats are fakenews , "phony" or a "hoax"

    Yet, there have been so many skeptics:

    Not so long ago, however, Trump's view of the monthly jobs report, which comes courtesy of the nonpartisan federal Bureau of Labor Statistics, was markedly different. As recently as December, he described the report as “totally fiction.”
    19 times Trump called jobs numbers ‘fake’


    Trump once said government economic stats were ‘phony.’ Democrats increasingly agree.

    For years some Republicans have been suspicious that official government statistics are fake. Then-presidential candidate Donald Trump fanned these flames, calling the low unemployment rate under Barack Obama “phony” and a “hoax.”

    The tables have turned. Today, Republicans are more likely than Democrats to think that government stats are trustworthy. In a January survey, YouGov asked Americans whether they trust or distrust the data about the economy that is reported by the federal government. This question has previously been asked by Marketplace/Edison Research.
    Overall, the share of Americans expressing trust in government economic numbers has fallen since last April; curiously, so has the share expressing distrust. The share saying “don’t know” — which seems a bit closer to “distrust” than “trust” to me, but your mileage may vary — has gone up.


    Surveys from 2016 and 2017 conducted by Marketplace/Edison Research; survey from 2018 conducted by YouGov.
    Now let’s break down the numbers by party affiliation.

    Interestingly, YouGov also asked a related question, about whether government statistics were “reliable and accurate.” When phrased this way, Democrats today place more faith in the data than Republicans do. Perhaps this “reliable and accurate” phrasing plays more to respondents’ perceptions of government competence and precision, rather than suspicions that the feds are deliberately manipulating the numbers for political gain.



    https://www.washingtonpost.com/news/...asingly-agree/



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  3. #2
    Quite true.

    Trump's economy is probably much better than they tell us.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment

  4. #3
    Quote Originally Posted by Swordsmyth View Post
    Quite true.

    Trump's economy is probably much better than they tell us.
    We might have a few Enron 2.0 type of Fortune 100 companies that will need to be diffused gently.

  5. #4
    Government is generally pretty competent and levels with the public, why would you suggest that public is being lied too? Due to some political agenda?

    Perhaps this “reliable and accurate” phrasing plays more to respondents’ perceptions of government competence and precision, rather than suspicions that the feds are deliberately manipulating the numbers for political gain.



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