My Tinfoil Hat

Jack Welch (former CEO of General Electric), Donald Trump (The Donald), Mort Zuckerman (Editor of U.S. News & World Report, owner of the N.Y. Daily News, and founder of Boston Properties), and most right-wing talk-show hosts believe that the recent favorable 7.8% unemployment rate is very suspicious ... thinking that the data has been somehow rigged.  However, I have not yet seen any of them (including the New York Times in two stories) who can point to a possible reason for this misfeasance ... except for myself (bedecked in my tinfoil hat) among a very few others. 

And this is because I have discovered an Obama political operative who has been running the Bureau of Labor Statistics (BLS) since June 14th of this year and whom I suspect is the reason that the unemployment rate suddenly dropped below 8% ... a big political plus for The Barry one month before the Presidential election ... strangely serendipitous.  Her name is Erica Groshen.  None of the luminaries mentioned above seem to know of this coincidence.  Even a recent ABC story seems to think that the BLS is still under the control of apolitical bureaucrats ... see: ABC News Story.  Nonsense!

In order to show you how far off the reservation I have sidled (excuse me, Elizabeth Warren), let me direct you to two wingnut websites I have uncovered ... see: Freedumb Nation and Net Right Daily (please indulge me and read them both).  Although these sites do seem a little odd, they both give one an idea of how really far left this new head of the BLS seems to drop her Birkenstocks.  And, if you believe that her political bent would not cause her to "persuade" her direct reports to follow her lead to the most bizarre adjustment for BLS unemployment statistics in at least 29 years, then you don't understand "the Chicago way."

Another Honeypot

Early in September, The Barry is set to go on national television to roll out, finally, his set of proposals to create American jobs ... one of which is expected to be an infrastructure bank (see: Reuters Story).  Wow! What a bad idea!  Have we learned nothing from the sub-prime mortgage meltdown and the role that the quasi-governmental banks, Fannie Mae and Freddie Mac, played in this debacle? 

Mort Zuckerman, owner of the New York Daily News, a few years ago called these federal re-mortgaging banks "Democrat honeypots" (see: Honeypots) and I suspect that this infrastructure bank would be destined to be a carbon copy of Fannie and Freddie ... populated with Democrat political hacks who will fatten their bank accounts at the taxpayers's expense (see: Fannie Mae Piggy Bank).  Fannie and Freddie so far have cost the taxpayers hundreds of billions of dollars (see Cost to Taxpayers).  How big a rat hole would this infrastructure bank be?

Bad, bad, bad idea!!!