Because it isn’t “news” – it is sales pitch. Salespeople don’t need math skills – they just have to be able to deliver BS with a sincere look on their face.
He maintains that the government is currently being run for the benefit of corporations and NOT for the benefit of citizens.
If you accept this premise (and I do), then it is not reasonable to expect the truth from anyone in government or in industry.
Government and industry wonks will be ‘talking their book’ with the intent of benefitting themselves and the special interests that they represent.
People in the real estate industry are doing lots of ‘talking their book’ right now. Examples are everywhere:
> NAR saying that rents will rise 5%
> loan brokers rationalizing ARMs, IOs, etc
> realtors saying that “there has never been a better time to buy”
Understand how these people are motivated and it becomes less frustrating to listen to the BS that they are spouting 24/7.
Not understanding how these people are motivated and acting on their advice is a good way to lose money since they don’t have your best interests at heart.
