Slowly but surely, awareness is growing that government economic figures are being cooked.

Are people starting to catch on that government economic statistics are widely manipulated? After my post last week broaching this possibility, I just wanted to briefly keep score.

Inflation, if you believe what the government tells you, ran at 3.9% in the 12 months ending this April, but was it more like 5% or even 10%?

According to CNN “part of the disconnect may be due to the fact that nondurable goods, such as food and gasoline, makes up only 12% of the Consumer Price Index (CPI), the main measure of inflation.

The Bureau of Labor Statistics reports the national employment data based on an archaic model that omits various important factors when calculating its report. Any guesses as to how the Mogambo feels about that? That’s right, “We’re freaking doomed!”