Excerpt from this article:
"While we’re on the topic of fake news… how about we assess the fake economy of the last eight years? President Obama at one point claimed that those who questioned the strength of the recovery were 'peddling fiction.' It’s an interesting claim given the entire recovery, at least post 2010, has been built on fake economic data to perpetuate a fake narrative of growth. A few key items…
There is no way on
earth that the real unemployment rate is less than 5%. Over 45 million
people are on food stamps and over 94 million people are out of the work
force. Claiming unemployment is at 5% in the context of these two other
data points is like claiming you’re in incredible shape provided you
don’t count body fat or cardiovascular health."
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