A Springtime Gift of Truth

[Draggingtree]

The New Media Journal:

A Springtime Gift of Truth

 

AJ DiCintio

March 22, 2013

 

Like far too many ostensibly tough-minded journalists of the past hundred years, I.F. Stone could not or would not admit the truth about Stalinist communism, despite its being the horrifying elephant in every room, including salons where to this day leftists spout their arrogant nonsense.

 

To his credit, however, Stone eventually did issue forceful condemnations, an honorable act that gives all the more credence to one of his observations surely attributable to an inner Mark Twain:

 

"All governments are run by liars and nothing they say should be believed."

 

Since that "nothing" includes economic lies told by frauds whose skill in telling untruths is capable of evoking jealously in "the father of lies," we should be especially appreciative of the springtime gift of truth investment professional Grant Williams has given us in "It's All Relative," posted at mauldineconomics.com, where financial guru John Mauldin meticulously sees to it that facts rule the day.

 

Heeding the injunction that criticism should begin at home , Williams begins his list of "disconnection from reality" by contrasting what the US government says about the job picture with the facts.

 

As he reports, the government tells us simply and proudly that in February 236,000 new jobs were created in professions, business, construction , and healthcare, sending the unemployment rate down to 7.7%.

However, as Williams observes, what the government doesn't tell us is that the number of part-time jobs in February increased by an "amazing" 446,000, meaning that the number of full-time decreased by 276,000.