Thursday, September 29, 2011
Will The Lying Ever End?
The United States Commerce Department just released the final Gross Domestic Product numbers for the second quarter (Apr-Jun) of 2011. The economy continues to grows at a good pace - better than the first quarter. The number you will hear on the news tonight will be 1.3% growth rate. There is just one little detail that will not be presented - 1.3% is after removing inflation.
The anchor will have a live interview with a "citizen on the street", who will claim that the economy is not even keeping up inflation, which will be left unchallenged. "There you have it folks - The American economy is in the tank and who knows where it is going." An unadulterated, unequivocal, blatant lie that will be repeated over and over. Is there no shame? Does the battle for political victory have any ethical boundaries?
The above chart shows the quarterly growth rate for the eight quarters since the last recession. These are the amounts that your annual pay raises would have to equal to keep you on par with the national economy, 3.8% for FYE June 30, 2012 and 4.4% for FYE June 30, 2011. Have you been getting pay raises in this range? If you have, please email us the details and a picture of your mayor. We would like to honor him.