The Truth Be Told?

Have you heard of Arthur Melvin Okun?

I had to rattle my brain something bad awful to jog memory of this chap, but the outstanding website Zero Hedge not only recalled him, but put his economic theory to the test.  You see, Okun identified a correlation between GDP and the unemployment rate, and in doing so offered proof of data manipulation.

This thorough and illuminating piece is well worth your time and can be accessed at Zero Hedge.

THE REAL UNEMPLOYMENT RATE HAS LONG BEEN OVER 12%!

All our readers should understand the information presented in this article. Shortly after election in 2009, Obama brought the Census Bureau under the direction of the White House. While most know about the efforts to reclassify voting districts to benefit Democrats, few are aware the Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate.

Okun's Law Unemployment Rate/Zero Hedge

The government has been manipulating data and lying to the citizenry since the first jump in effort to pump up a recovery that does not exist. Imagine what else they lie about!

And when memory failed and written records were falsified—when that happened, the claim of the Party to have improved the conditions of human life had got to be accepted, because there did not exist, and never again could exist, any standard against which it could be tested."

---George Orwell, "Nineteen Eighty-Four"