‘All we’re doing is passing our savings on to our client base.
It’s a proprietary strategy. I can’t go into it in great detail.
But take my word for it, for the most part
you can ignore those market swings.’
— Bernie Madoff responding to his clients, 2001
Lesson 1: Why lying well or sounding truthy can be self-nurturing and very lucrative. I am not saying that one needs to be a conspiracy theorist 24/7. What I am saying is that much of the time you need to stay sharp and not take everything at face value, especially when it is all dressed up looking and sounding pretty. Here are four more examples that beg for fools and fun, or painful trouble, depending on which side of the result you’re on.
- In order to become old and wise, you must first be young and stupid.
- The most dangerous animal out there is the shy, silent man.
- Wouldn’t it be great to have a six-month vacation twice a year?
- Cinderella is proof that a new pair of shoes can change your life.
The art of verbal flatulence is alive and well today. In all honesty, it has been quite well and thriving for many centuries and likely several millenia. Only today, it is sometimes dressed up and symphonious then other times so audaciously in your face and eccentric that the gullible audience begins to consider “Well, maybe it IS true.” Take for another prime example last evening’s State of the Union address to Congress.
Thanks to the Poynter Institute’s commitment to excellent journalism and its unparalleled non-profit service in providing a resource for anyone who aspires to engage and reliably inform all citizens. They serve 21st-century democracies, around the globe for people who honor all human rights, self-government, and freedom of expression (speech) coupled with a speaker’s or writer’s ownership of truths or lies. They also provide the invaluable Pulitzer Prize winning fact-checking website PolitiFact.com.
Here are some of [President Trump’s] comments [during the SoU address], fact-checked or with additional explanation or context. This report includes information on three accurate statements and 12 claims that are inaccurate, exaggerated or lack context.
Because 25% (to be kind) is such a horrible score at telling the truth, I am picking eight of Trump’s 12 wrong, overblown, and lacking good context comments to illustrate that not every word can be believed by
Bernie Madoff President Donnie Trump.
On the Economy
President Trump: “Wages are rising at the fastest pace in decades.”
Wages are indeed rising, but they began their upward trajectory under President Barack Obama, and wages actually rose a bit faster under Bill Clinton and George W. Bush.
One common measurement of wages is median usual weekly real earnings for full-time wage and salary workers 16 years and older, an inflation-adjusted figure.
During Trump’s presidency, this figure has risen from $351 to $355, an increase of 1.1 percent over the better part of two years.
But the current wage increase began in earnest in the second half of 2014, when Obama was still more than two years away from leaving the White House. Overall, wages increased by 7.5 percent over that period, from $330 to $355.
This rise in wages wasn’t as steep as the country saw in the 1990s. Between the fourth quarter of 1997 and the first quarter of 2002, wages rose from $314 to $341, an increase of 8.6 percent. —Louis Jacobson
President Trump: “African-American, Hispanic-American and Asian-American unemployment have all reached their lowest levels ever recorded.”
This was accurate in 2018, but is out of date. Unemployment levels for each group reached record lows under Trump’s watch.
African-American unemployment fell to a record of 5.9 percent in May, and is at 6.8 percent as of January. Asian unemployment fell to 2.0 percent in May, and is now at 3.2 percent. Hispanic unemployment reached 4.4 percent in December 2018, and is now at 4.9.
But these trends began under former President Barack Obama, and economists say presidents don’t deserve either full credit or full blame for the unemployment rate on their watch. —Manuela Tobias
President Trump: “Here, in the United States, we are alarmed by the new calls to adopt socialism in our country. America was founded on liberty and independence and not government coercion, domination, and control.”
This is a variation on misleading attacks Republicans repeatedly made on Democrats during the 2018 midterms.
The narrowest definition of socialism is where the state owns all the means of production. Democrats have not called for the government to take over business.
American politicians such as U.S. Sen. Bernie Sanders, I-Vt., or U.S. Rep. Alexandria Ocasio-Cortez, D-N.Y., have used the term to call for a dramatic expansion of the social safety net, including already available health care programs. They typically propose much higher tax rates to pay for the programs.
That resonates with the systems in place in Europe, not Venezuela. —Amy Sherman
President Trump: “We have created 5.3 million new jobs and importantly added 600,000 new manufacturing jobs.”
Trump is close on overall job creation but less accurate on manufacturing jobs.
The United States has added 5.3 million jobs since Trump was elected in November 2016. Counting from when he took office in January 2017 makes the figure a bit smaller, at 4.9 million.
As for manufacturing jobs, the number rose from about 12.4 million in January 2017 to 12.8 million in January 2019, or an increase of 454,000. We should add that the increase in manufacturing jobs under Trump followed a rise under Obama that began in 2010, when the worst of the Great Recession had passed. —Louis Jacobson
On Foreign Policy
President Trump: “For years, the United States was being treated very unfairly by friends of ours, members of NATO — but now over the past couple of years, we have secured a $100 billion increase in defense spending from NATO allies.”
This could [might] be true two years from now.
NATO secretary general Jens Stoltenberg said that’s what the European members expect to spend, and he credited Trump’s “clear message.”
“By the end of next year, NATO allies will add 100 — 100 billion extra U.S. dollars for defense,” Stoltenberg said on Fox News Jan. 27.
In constant dollars, NATO member defense spending has gone up about $24 billion since 2016. In current dollars, the amount is $48 billion. While we don’t know Stoltenberg’s starting point, $100 billion requires a steep rise, and we won’t know if it comes true until many months from now. —Jon Greenberg
President Trump: “Lawmakers in New York cheered with delight upon the passage of legislation that would allow a baby to be ripped from the mother’s womb moments before birth.”
This distorts the circumstances covered by the law signed Jan. 22 by New York governor Andrew Cuomo.
Previously, women in New York could only get abortions after 24 weeks of pregnancy if their lives were threatened. Under the new law, women can also get an abortion after 24 weeks if their health is threatened or the fetus isn’t viable.
The law codifies for New York the same standards established by the 1973 Roe vs. Wade decision.
Jen Villavicencio, an ob-gyn in the Midwest who provides abortions, told PolitiFact recently that late-term abortions are rare and usually due to medical crises. The Guttmacher Institute and the Centers for Disease Control and Prevention both report that slightly more than 1 percent of all abortions occur after 21 weeks.
“Abortions are not performed at 40 weeks on healthy, viable pregnancies,” Villavincencio said. “Overwhelmingly, abortions that occur at this point in pregnancy are pregnancies where lethal fetal anomalies have been diagnosed.” —Jon Greenberg and Ciara O’Rourke
President Trump: “Year after year, countless Americans are murdered by criminal illegal aliens.”
We can’t specifically document how many U.S. citizens have been killed, because there is no national database on murders committed by immigrants in the country illegally. There also is no national data or study tracking the nationality of the victims, experts have also told us.
And while some immigrants here illegally have committed murders, research indicates that immigrants are less likely to engage in criminal behavior than the native-born population. —Miriam Valverde
President Trump: “We have unleashed a revolution in American Energy – the United States is now the number one producer of oil and natural gas anywhere in the world.”
This is mostly accurate. The United States ranks first in both, but that’s only new for crude oil.
In 2017, the United States ranked first in the total production of petroleum and other liquid fuels as well as natural gas. Within the subset of crude oil production, the United States edged past Russia and Saudi Arabia in the summer of 2018, according to the Energy Information Administration, the federal office that collects energy statistics.
But the United States has been the world’s largest oil producer since 2012, and the largest natural gas producer for years. —Manuela Tobias
Lesson 2: Lying better and sounding sensational doing it can also be very self-nurturing, very lucrative, and somewhat bumpy stepping on and over the many imbecile suckers in your wake of destiny. To the patient, experienced critical-thinker the minute you have to embellish, to sensationalize, hype it up and (try to) push people’s buttons and triggers… you are showing all your cards. Game over. But not everyone understands the con-man’s, showman’s game. Otherwise this man would not be in the White House in the first place.
That said however, Americans are not hard to figure out. The “Land of
Capitalistic Opportunity” or anything goes unless you get caught does enable the massive egos of the clinically psychiatric to thrive. Many Americans love (are obsessed with?) a great bombastic rebel. Our national history is without a doubt replete with them.
Fyi Nan, the clip is only 2.5 minutes. 😉
To read the rest of PolitiFact.com’s fact-checking on President Trump’s February 5th State of the Union speech, click here. It deserves noting too that the immediate Democratic response to the President’s speech by Stacey Abrams was also without context and more specific facts — hence, leaning to rhetoric and propaganda.
Live Well — Love Much — Laugh Often — Look Deeper for Your Own Good, Please!
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