“Facts are stubborn things, but statistics are pliable.”
If everyone else is whipping out that credit card, why aren’t you? Credit card debt has reached a new post recession high. They tell me consumer confidence is soaring. Forget about the 92 million working age Americans supposedly not in the labor force. Forget about real household income hovering at 1999 levels. Forget about median household net worth still 30% lower than 2007. Forget about what you see with your own two eyes in malls, strip centers and office parks as you motor around our suburban sprawl empire of debt. Those Store Closing, Space Available, and For Lease signs mean nothing.
- Mark Twain
By Jim Quinn: I never believe government manufactured numbers. They will always be
adjusted, massaged, and manipulated to achieve a happy ending for the
propagandists attempting to control and fleece the sheep. Yesterday, the
government produced retail sales numbers for August that were weak and
the corporate MSM propaganda machine immediately threw up bold
headlines declaring how strong these numbers were. Positive stories
were published on the interwebs and Wall Street hack economists were
rolled out on CNBC, where the bubble headed bimbos and prostitutes for
the status quo like Jim Cramer and Steve Liesman declared the recovery
gaining strength. Woo Hoo.
"The
numbers the government are accumulating are crap. And then they massage
the crap. And then they publish the crap as if it means something. It’s
nothing but crap."
If everyone else is whipping out that credit card, why aren’t you? Credit card debt has reached a new post recession high. They tell me consumer confidence is soaring. Forget about the 92 million working age Americans supposedly not in the labor force. Forget about real household income hovering at 1999 levels. Forget about median household net worth still 30% lower than 2007. Forget about what you see with your own two eyes in malls, strip centers and office parks as you motor around our suburban sprawl empire of debt. Those Store Closing, Space Available, and For Lease signs mean nothing.