(How the White House is Touting Misleading Economic “Recovery” Numbers)
Lies and Facts
Mark Twain popularized the idea that there are lies, darn lies, and then statistics. The implication is that statistics are often the worst lies of all, because most people don’t really understand what they mean.
Lenin added that when money is part of the equation, very few people understand the numbers and what is really going on.
To bring this home, the White House keeps assuring us that the Great Recession is over, and that the U.S. economy is now doing much better. In the 2015 State of the Union Address, for example, President Obama tried to put the nation at ease about the economy. He told us that the economy is in recovery, the worst is past, and we can turn our thoughts to other topics.
Since that speech, the White House has repeatedly reassured us that the economy is now doing well.
But the facts simply don’t tell the same story. In fact, they tell a different tale indeed.