One of the realities of the late managerial age is that the sorts of numbers managers love and therefore produce in volume, are increasingly unreliable and often manufactured to fit an agenda.
Even the revised data is screwy. In the era of computers, everything real time, the Internet and A/i, they still are two or three months behind on data. How about the autism data? That is running three years behind despite all the modern advances in the medical system. I trust NOTHING coming from the government. Nothing at all.
Unfortunately, what you say about trusting the government is probably quite common. I know that I have a very jaundiced view of most federal data and think some of it are outright lies. Not all though. NASA is still pretty good. But your point remains: Once a reputation is gone, it is almost impossible to get it back.
This is why the economic stat’s you speak of are considered bogus and manipulated. Error correction is common, but error correction in one direction only? In my old life, error was considered either random or systemic. Random cancels itself out in the long run. Systemic has a cause. That cause is of course purposeful inflation by disingenuous charlatans rather than uninterested bureaucrats.
It's a replay of the Obama years where every spring the Administration would put out word to the press that we were seeing "green shoots" or entering "recovery summer" and it never materialized. Likewise, so-called climate data is routinely adjusted, so it's safe to assume our sources on that either have no idea what is going on (likely, as no climate model has ever successfully predicted subsequent temperatures) or are simply lying to suit their preferred narrative (also likely).
I am in a business in which I require investment from large financial institutions and their willingness to invest and under what terms can tell a different story about economic confidence than the media. All throughout the Biden Administration the signals we got were that it was weaker than in the first Trump term. It's still weak right now, but everyone is watching how the needle moves once the tax legislation under consideration is adopted.
The very idea that we can measure this stuff with any confidence is crazy in the first place. The economy is so vast and complex that no one can really measure it accurately.
At a previous company, we were getting our ass handed to us and they froze raises for a year. They set out a new strategy to get on track using a forecast model. They estimated we could increase revenue by something like 50% the first year, then nearly double that the next year, and basically reach the stratosphere by year 3. It was so clearly desperate, wishful thinking, but all of upper management kept a straight face through it all.
The people in charge of... well, everything know that they can count on a large proportion of the populace to be totally unaware of what is going on at any given time. Thus, they can say one thing today and the opposite tomorrow and know that most Americans will either not have known what they said yesterday or will have, like the memory-impaired character Dory in "Finding Nemo" simply forgotten it. The democrats are especially aware of this historical amnesia and use it to great advantage. Last week Joe Biden was fit as a fiddle, the sharpest knife in the drawer, a man of enormous energy and intellectual heft, a highly respected world leader and fit to take his place on Mt. Rushmore. Yesterday, Joe Biden turned into a frail, mentally challenged Alzheimer's patient who deviously hid his true condition from the American people and he has been defenestrated by the democrat party elite. It's the same with the figures on the economy, which the democrats were touting as "the best ever" under Biden until it became "the worst ever" the moment Trump won the election. The lies are unending, monumental and never the subject of shame or admission when found out. Once the lie is no longer effective, it is simply cashiered in favor of the next lie, until that lie is no longer in effect and so on, and so on. But this is, unfortunately not confined to democrats; it has become standard operating procedure in every aspect of life and on nearly every level. And it will continue until consequences are imposed, just as a child who is allowed to lie and get away with lying without consequences will continue to lie and never think twice, until some catastrophe results and puts an end to everything. I realize that there is "a lot of ruin in a country," but I also think we may have max'ed out our ruination card.
Geez, maybe cuz I grew up in Queens, I never assume any of these guys are on the level. I think a lot of people need an education on how to live in a low trust society. You have to rely on friends n family and ethnic clan, and always look for opportunity. All those civil servants handing out free stuff don’t care cuz they don’t pay for it. Oh, and politicians are just front men for the donors.
And don’t bother with oh that’s terrible, I don’t want to live like that nonsense. just look at real estate prices, a lot of people with money want in on the action.
Too many people are living cloistered in their basements and in front of screens to avail themselves of reality, using their own senses. If you believe anything at all reported by the left's toadies, selling lies twisted and contorted into fantastical shapes of propaganda, you're a self-imprisoned idiot. Get out side. Use your eyes. Look around. That's what you can believe.
Yeah, I have learned over the years to trust personal observations over “experts”, (aka shills) pronouncements. For years I heard how immigrants use less social services than natives, less welfare, etc. But the waiting in line at the grocery, everyone is speaking Spanish n using EBT cards. (2.5% rake off to JP Morgan-Chase. ) Somebody looked at welfare based on heads of families. Families with foreign born heads were almost 3times more likely to receive public assistance compared to everyone else. Of course all those anchor babies count as lazy Americans.
The rationale behind this assertion is based upon the (true) finding that IA’s work and pay taxes, but the assumption (false) that the taxes paid cancel out (pay for) the services (welfare) provided over the immigrant’s lifetime. Not even close! The bottom half of the populace SES-wise pay less than 3% of the Fed taxes and not much more of the State taxes. Their use of welfare benefits—including SSI in retirement—is never covered by the taxes they pay into the (bankrupt) system during their lifetime. Can’t be, as they’ve no skills to sell in the US labor market and are relegated to minimum wage labor intensive jobs for life.
Even the revised data is screwy. In the era of computers, everything real time, the Internet and A/i, they still are two or three months behind on data. How about the autism data? That is running three years behind despite all the modern advances in the medical system. I trust NOTHING coming from the government. Nothing at all.
Unfortunately, what you say about trusting the government is probably quite common. I know that I have a very jaundiced view of most federal data and think some of it are outright lies. Not all though. NASA is still pretty good. But your point remains: Once a reputation is gone, it is almost impossible to get it back.
You got some evedence that nasa is doing anything well? I think they are some of the worst.
Very few people caught that but I swear every single economic report was subsequently revised downward, quietly of course.
This is why the economic stat’s you speak of are considered bogus and manipulated. Error correction is common, but error correction in one direction only? In my old life, error was considered either random or systemic. Random cancels itself out in the long run. Systemic has a cause. That cause is of course purposeful inflation by disingenuous charlatans rather than uninterested bureaucrats.
It's a replay of the Obama years where every spring the Administration would put out word to the press that we were seeing "green shoots" or entering "recovery summer" and it never materialized. Likewise, so-called climate data is routinely adjusted, so it's safe to assume our sources on that either have no idea what is going on (likely, as no climate model has ever successfully predicted subsequent temperatures) or are simply lying to suit their preferred narrative (also likely).
I am in a business in which I require investment from large financial institutions and their willingness to invest and under what terms can tell a different story about economic confidence than the media. All throughout the Biden Administration the signals we got were that it was weaker than in the first Trump term. It's still weak right now, but everyone is watching how the needle moves once the tax legislation under consideration is adopted.
The very idea that we can measure this stuff with any confidence is crazy in the first place. The economy is so vast and complex that no one can really measure it accurately.
At a previous company, we were getting our ass handed to us and they froze raises for a year. They set out a new strategy to get on track using a forecast model. They estimated we could increase revenue by something like 50% the first year, then nearly double that the next year, and basically reach the stratosphere by year 3. It was so clearly desperate, wishful thinking, but all of upper management kept a straight face through it all.
No, it didn't happen.
The people in charge of... well, everything know that they can count on a large proportion of the populace to be totally unaware of what is going on at any given time. Thus, they can say one thing today and the opposite tomorrow and know that most Americans will either not have known what they said yesterday or will have, like the memory-impaired character Dory in "Finding Nemo" simply forgotten it. The democrats are especially aware of this historical amnesia and use it to great advantage. Last week Joe Biden was fit as a fiddle, the sharpest knife in the drawer, a man of enormous energy and intellectual heft, a highly respected world leader and fit to take his place on Mt. Rushmore. Yesterday, Joe Biden turned into a frail, mentally challenged Alzheimer's patient who deviously hid his true condition from the American people and he has been defenestrated by the democrat party elite. It's the same with the figures on the economy, which the democrats were touting as "the best ever" under Biden until it became "the worst ever" the moment Trump won the election. The lies are unending, monumental and never the subject of shame or admission when found out. Once the lie is no longer effective, it is simply cashiered in favor of the next lie, until that lie is no longer in effect and so on, and so on. But this is, unfortunately not confined to democrats; it has become standard operating procedure in every aspect of life and on nearly every level. And it will continue until consequences are imposed, just as a child who is allowed to lie and get away with lying without consequences will continue to lie and never think twice, until some catastrophe results and puts an end to everything. I realize that there is "a lot of ruin in a country," but I also think we may have max'ed out our ruination card.
Geez, maybe cuz I grew up in Queens, I never assume any of these guys are on the level. I think a lot of people need an education on how to live in a low trust society. You have to rely on friends n family and ethnic clan, and always look for opportunity. All those civil servants handing out free stuff don’t care cuz they don’t pay for it. Oh, and politicians are just front men for the donors.
And don’t bother with oh that’s terrible, I don’t want to live like that nonsense. just look at real estate prices, a lot of people with money want in on the action.
Too many people are living cloistered in their basements and in front of screens to avail themselves of reality, using their own senses. If you believe anything at all reported by the left's toadies, selling lies twisted and contorted into fantastical shapes of propaganda, you're a self-imprisoned idiot. Get out side. Use your eyes. Look around. That's what you can believe.
Yeah, I have learned over the years to trust personal observations over “experts”, (aka shills) pronouncements. For years I heard how immigrants use less social services than natives, less welfare, etc. But the waiting in line at the grocery, everyone is speaking Spanish n using EBT cards. (2.5% rake off to JP Morgan-Chase. ) Somebody looked at welfare based on heads of families. Families with foreign born heads were almost 3times more likely to receive public assistance compared to everyone else. Of course all those anchor babies count as lazy Americans.
The rationale behind this assertion is based upon the (true) finding that IA’s work and pay taxes, but the assumption (false) that the taxes paid cancel out (pay for) the services (welfare) provided over the immigrant’s lifetime. Not even close! The bottom half of the populace SES-wise pay less than 3% of the Fed taxes and not much more of the State taxes. Their use of welfare benefits—including SSI in retirement—is never covered by the taxes they pay into the (bankrupt) system during their lifetime. Can’t be, as they’ve no skills to sell in the US labor market and are relegated to minimum wage labor intensive jobs for life.