It is not a novel concept for opposing political groups to focus on vocabulary superiority. A feeble minded, me-focused electorate requires the use of buzzwords and sound bites to be manipulated. To the originator of the accepted propaganda-laden words go the spoils. “Illegal aliens” vs. “undocumented immigrants.” From mislabeled legislation to the accepted use of the term “inflation.”
Have you ever noticed that the titles given to legislation coming out of Washington D.C. is often arrogantly misrepresentative of the underlying law’s substance? The US Patriot Act (which is used to spy on Americans) to the Health Care Affordability Act (which has already accelerated health insurance premium costs and is estimated to cost over $1Trillion over the next decade). And the list goes on.
What percentage of the population is aware that the equation used to report “inflation” (which drives monetary and fiscal policy) has been changed 9 times in the last decade? And yet, US dollar debauching continues as the electorate accepts the reported inflation numbers (despite living with soaring cost of gas, food, healthcare, rent, etc). The equivalent of having someone piss on your leg while they tell you it’s raining. But, the collective simply nods and accepts the rearranged inflation report as if it came from a deity.
Emotional, inadequately descriptive labels are pinned on ‘news’ items for manipulative reasons. Today we need look no further than the emotionally charged “fiscal cliff” label attached to a tax increase and spending cut deadline. Though in reality the day after the deadline will likely not be any different than the day before.
I combat such nonsense by aggressively filtering my media intake. I turned in television years ago and I read statements/laws/press releases directly from the source.
Choose your words wisely.
[Mr McDaniel is a professional investment advisor who lives in Nevada County.]