The Economic Numbers Under President Trump

Steve Moore posted an article at Fox Business on Thursday about the economy under President Trump.

The article includes the following:

The article explains:

In one Washington Post piece, the reporter sneers of Trump’s “rambling distortions” and complains: “Trump’s numbers appear to have originated in a pair of columns from the Heritage Foundation’s Steve Moore, who used research from a private firm called Sentier Research.”

Stop right there. Yes, it is true the data comes from Sentier Research — a private firm. But what is not ever mentioned in the article is that the data come from the Census Bureau’s “Current Population Survey,” which is the gold standard of economic data.

The article concludes:

In my analysis on these numbers, I have openly admitted these monthly data are a first rough estimate of what is happening with incomes over time — just as the jobs numbers are. They catch the trends over time.

Three years into the Trump presidency there is no calamity and there is no recession. Trump is right to recite real and legitimate data that substantiates the on-going middle-class boom in America today. It isn’t Trump, but his accusers who are engaged in “rambling distortions” and who deserve Pinnochio noses.

The questions for the 2020 elections are: “Do you want your income to continue to grow, and do you want to keep more of what you earn? How much of the money you have earned are you willing to give to people who did not earn it?”

Even The Census Bureau Is Fudging Numbers

Yesterday the New York Post reported that workers in the Census Bureau in the Los Angeles area have been have been manipulating the economic data.

The article reports:

Contact information for the veteran Census worker — who reached out to me by e-mail recently and whom I interviewed by phone — has been turned over to congressional investigators who are looking into data falsification in other parts of the country.

“Everybody knows falsification is going on,” the whistleblower told me, adding the malfeasance in the LA region is so obvious that it’s hard to miss.

She said she’s coming forward now because she “applauds” the others who have spoken up already.

Census employees have blown the whistle on the Denver and Philadelphia regions. A Denver whistleblower recently turned over information to the House Committee on Oversight and Government Reform.

Part of the problem here is that Americans have evidently grown tired of answering surveys and have become very wary of anything that might invade their privacy. Meanwhile, some of the Field Service Areas (FSA’s) are reporting a 100 percent response to their surveys–something that is highly unlikely at any time.

Why does this matter? Aside from the obvious fact that our government is lying to us, why is this important?

The article explains:

The stakes are high, of course. The Bureau of Labor Statistics requires a 90 percent success rate for interviews that go into the Current Population Survey, which Census conducts on BLS’ behalf. It’s those results that are used to calculate the nation’s monthly unemployment rate.

“To be perfectly honest, the BLS should be questioning the data, not just you alone,” the LA whistleblower said.

Who knows what the real unemployment rate actually is.