Some experts argue that true inflation and unemployment - the components of the economy’s ‘Misery Index’ - are higher than the government’s official figures.
Americans are feeling a lot more economic pain than the government’s official statistics would lead you to believe, according to a growing number of experts.
They argue that figures for unemployment and inflation are being understated by the government.
Unemployment and inflation are typically added together to come up with a so-called “Misery Index.”
The “Misery Index” was often cited during periods of high unemployment and inflation, such as the mid 1970s and late 1970s to early 1980s.
And some fear the economy may be approaching those levels again.
The official numbers produce a current Misery Index of only 8.9 - inflation of 3.9% plus unemployment of 5%. That’s not far from the Misery Index’s low of 6.1 seen in 1998.
But using the estimates on CPI and unemployment from economists skeptical of the government numbers, the Misery Index is actually in the teens. Some worry it could even approach the post-World War II record of 20.6 in 1980.
“We’re looking at government numbers that are really out of whack,” said Kevin Phillips, author of the book “Bad Money.”
Via the NY Times:
In the summer of 2005, the Bush administration confronted a fresh wave of criticism over Guantánamo Bay. The detention center had just been branded “the gulag of our times” by Amnesty International, there were new allegations of abuse from United Nations human rights experts and calls were mounting for its closure.
The administration’s communications experts responded swiftly. Early one Friday morning, they put a group of retired military officers on one of the jets normally used by Vice President Dick Cheney and flew them to Cuba for a carefully orchestrated tour of Guantánamo.
To the public, these men are members of a familiar fraternity, presented tens of thousands of times on television and radio as “military analysts” whose long service has equipped them to give authoritative and unfettered judgments about the most pressing issues of the post-Sept. 11 world.
Hidden behind that appearance of objectivity, though, is a Pentagon information apparatus that has used those analysts in a campaign to generate favorable news coverage of the administration’s wartime performance, an examination by The New York Times has found.
Ah, good ol’ propaganda…
They’re all terrorists, right?
The New York Times today examines John McCain’s very Bush-like propensity to run around slapping the “Al Qaeda” label on everyone we’re fighting in Iraq, even though . . . it’s completely false to describe them that way.
Obviously, it is not enough that the corporate media - on the idiot box, radio, and the internet - ceaselessly hype fake, non-existent terror, now you may receive a text message on your cell phone warning about cave dwellers ready to attack because they hate your freedom to shop until you drop, that is if there is room left on your Mastercard.
From the Mockingbird corporate media, Associated Press division:
Federal regulators have approved a plan to create a nationwide emergency alert system using text messages delivered to cell phones.
Text messages have exploded in popularity in recent years, particularly among young people. The wireless industry’s trade association, CTIA, estimates more than 48 billion text messages are sent each month.
The plan stems from the Warning Alert and Response Network Act, a 2006 federal law that requires upgrades to the nation’s emergency alert system.
Wired features a story about the military considering hiring bloggers as propaganda tools of the government:
A study, written for U.S. Special Operations Command, suggested “clandestinely recruiting or hiring prominent bloggers.”
Since the start of the Iraq war, there’s been a raucous debate in military circles over how to handle blogs — and the servicemembers who want to keep them. One faction sees blogs as security risks, and a collective waste of troops’ time. The other (which includes top officers, like Gen. David Petraeus and Lt. Gen. William Caldwell) considers blogs to be a valuable source of information, and a way for ordinary troops to shape opinions, both at home and abroad.
This 2006 report for the Joint Special Operations University, “Blogs and Military Information Strategy,” offers a third approach — co-opting bloggers, or even putting them on the payroll. “Hiring a block of bloggers to verbally attack a specific person or promote a specific message may be worth considering,” write the report’s co-authors, James Kinniburgh and Dororthy Denning.
Al Gore, the messiah of global warming, is launching an aggressive propaganda campaign to change the public’s perception of global warming:
Former vice president Al Gore will launch a three-year, $300 million campaign Wednesday aimed at mobilizing Americans to push for aggressive reductions in greenhouse gas emissions, a move that ranks as one of the most ambitious and costly public advocacy campaigns in U.S. history.
The Alliance for Climate Protection’s “we” campaign will employ online organizing and television advertisements on shows ranging from “American Idol” to “The Daily Show with Jon Stewart.” It highlights the extent to which Americans’ growing awareness of global warming has yet to translate into national policy changes, Gore said in an hour-long phone interview last week. He said the campaign, which Gore is helping to fund, was undertaken in large part because of his fear that U.S. lawmakers are unwilling to curb the human-generated emissions linked to climate change.
“This climate crisis is so interwoven with habits and patterns that are so entrenched, the elected officials in both parties are going to be timid about enacting the bold changes that are needed until there is a change in the public’s sense of urgency in addressing this crisis,” Gore said. “I’ve tried everything else I know to try. The way to solve this crisis is to change the way the public thinks about it.”