In a recent op-ed for the Daily Caller, respected economist Stephen Moore raised a serious concern: Washington is using economic data to present a more favorable picture of the U.S. economy than the reality on the ground. Isn't it being manipulated? I raised similar issues in an op-ed published in the Daily Caller on September 1st.

Bureau of Labor Statistics (BLS) The US employment report was forced to be revised downward by a staggering 818,000 people. this revisionThe survey covers the 12 months to March 2024, making it one of the largest since the 2008 financial crisis. (Related: Bob Rubin: 818,000 Job Review: A Case of Incompetence or Deception?)

Moore's claims reflect widespread sentiment among Americans that the federal government, especially under the Biden-Harris administration, has a vested interest in shaping the narrative to stay in power, especially as the election approaches. I am doing it.

Moore said there is a growing disconnect between government inflation and employment statistics and what many Americans experience in their daily lives. He wonders whether these discrepancies are due to innocent miscalculations or, more worryingly, deliberate attempts to hide the truth.

This skepticism is not unfounded. Political history is replete with examples of governments using cherry-picked data to conceal or downplay inconvenient economic realities in order to create a narrative that serves their own political survival.

The Biden-Harris administration in particular appears increasingly out of touch with both the American people and the business community. While administration officials tout inflation as “cooling” and point to limited job growth, many Americans continue to feel the squeeze from rising prices, stagnant wages and rising costs of living. . America's middle class is hurting!

In the business sector, the administration's policies are also raising a number of concerns. Many small businesses, the backbone of the U.S. economy, are struggling to survive in an environment burdened by excessive regulation, high taxes, and labor shortages.

Moore emphasized that the administration's multitrillion-dollar spending package and regulatory framework have done little to promote sustainable growth. Instead, they inflate asset bubbles, worsen national debt, and contributed to the decline in the value of the dollar We see that countries such as Russia, India, and Brazil no longer use the US dollar as a trading benchmark.

For companies trying to navigate these economic waves, messages from Washington often feel tone-deaf and disconnected from the real challenges they face. How can the Biden-Harris administration tell Americans that our economy is strong when everything costs more for average Americans and business owners? (Related: Bob Rubin: The dollar is in trouble and the stakes can't get any higher)

I believe the core of this problem is that the government relies on top-down, government-directed solutions to economic problems and ignores the voices of ordinary Americans and entrepreneurs. By continuing to push for policies that increase federal control over the economy, Biden and Harris are distancing themselves from the free market principles that allow innovation and competition to flourish. Moore said the administration's priorities are more focused on staying in power and building positive media coverage than on addressing the deep-seated economic problems facing working and middle-class Americans. He claims that it looks like he is putting it there.

Conservatives have long advocated for greater transparency and accountability from federal agencies, especially when it comes to economic data. Moore's criticism goes beyond the accuracy of the numbers. It is a call for a more honest government that acknowledges the reality of economic hardship, rather than trying to cover it up with political interpretations.

Now is the time to demand real leadership that prioritizes the well-being of all Americans, not political survival. I don't think I'm alone in this belief.

Bob Rubin is the founder and president of Rubin Wealth Management. Learn more here www.rubinwa.com.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

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