This week we witnessed the spectacle of so-called “expert” economists – men and women supposedly revered in their field – being humiliated by the Labor Department’s jobs report for May. These “experts” weren’t just wrong, they were more wrong than any group of experts in their field have ever been.
The consensus of those “experts” going into Friday was that the U.S. economy had shed more than 8 million jobs during the month of May and that the new rate of unemployment would approach 20%. They based that expectation on careful study and analysis, along with their collected wisdom gathered over years of experience in the field of economics.
Yet, when the numbers came in, it turned out that the phenomenal Trump economy had actually added jobs during May. And not just a few jobs, mind you, nor even a few thousand jobs. The economy added 2.51 million jobs in May, more than the U.S. economy had ever added in any month since records began to be kept. Rather than rising up to 20%, the rate of unemployment in fact dropped dramatically to 13.3%.
Why did this happen? Part of it has to do with the fact that, over the past few months, the U.S. has been sailing in uncharted economic waters as it has dealt with it’s first-ever voluntarily self-imposed recession.The simple fact of the matter is that no one really knew going in how our or any other nation’s economy would react to the insane manner in which we have responded to this viral gift from China.
But the other part of it in the economic field is political bias among the economist community, at least those who are surveyed by the corrupt national news media, almost all of whom are leftist Democrats. Their bias is to assume that the Trump economic program will be disastrous, which is why these “experts” have been surprised by almost every monthly jobs report for the last 3-1/2 years. Their consensus projections have consistently underestimated the monthly jobs reports, just as they consistently overestimated pretty much every one during the 8 disastrous years of Barack Hussein Obama.
Obviously, our corrupt media establishment should be surveying a more diverse set of economists to make these “consensus” projections.
Equally obvious is our country’s need for a more expert group of medical “experts,” particularly when it comes to the field of control of communicable diseases. Literally every prediction made by the two “experts” upon whom President Trump relied during this response to the Wuhan Virus – Dr. Anthony Fauci and Dr. Deborah Birx – has turned out to be just as spectacularly wrong as this week’s projection by our economic “experts.” These two doctors, along with the equally inept meatheads at the Centers for Disease Control, are mainly responsible for having put more than 30 million Americans out of work and for our nation’s school children’s likely loss of a full year of learning.
Just as the media needs to rely on a more diverse set of economic “experts,” our government needs to gather together a much more diverse set of medical “experts” the next time China sends a viral plague to our shores.
No group of “experts” has been more consistently surprise than those in the oil and gas field over the past few months. Just a month ago, there is not one single “expert” in that field who believed the price for a barrel of West Texas Intermediate would be anywhere above $20. Yet, there it sits today, right on the cusp of $40 months before any “expert” thought that might be possible.
Similarly, the “experts” in the field of “climate change” have been completely and consistently wrong about literally everything since that field of quasi-science was invented out of whole cloth in the 1980s. It was the biggest scam in world history until the whole “Russia Collusion” scam was devised by the Clinton campaign and the FBI in 2016.
The field of education literally cries out for new experts in every discipline and at every level. America’s public schools are just mills of mediocrity and its universities little more than operations of Marxist indoctrination, and have been for decades now.
America needs new experts, hopefully some real ones. The “experts” we rely on today are killing us.
That is all.
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