Posts Tagged ‘unemployment rate’

The Joke That Is The U.S. Unemployment Rate: If We Used Same Metric As When Bush Was President, Unemployment Would Be Almost 12%

May 2, 2014

The day that George Bush said, “See ya, moral morons!” and sailed off into the sunset, the labor participation rate – the rate that measures the percentage of working-age Americans who actually have a JOB – was 65.7%.

Today participation just plunged (again) to match the lowest nadir of 1978.  Which is to say that Obama has taken America back nearly forty years.  And at least we still had a viable damn space program back then.

You need to understand the trick that is “the unemployment rate.”  The trick is when labor participation falls (which is a very, very BAD thing) the unemployment rate measurement artificially drops as well.

You have a negative rate which benefits whenever another rate happens to be measured in the same negative terms.  For example, let’s say I was calculating your “stupid rate.”  And part of the calculation involved multiplying by your IQ level.  And your IQ dropped by several points.  Well, wouldn’t your “stupid rate” go down too?  Of course it would.

288,000 people found jobs this month.  Which is the best showing in like 2 years under Obama.  Let’s forget the fact that that Obama’s most spectacular performance even adequately keep up with basic population growth.  Let’s also forget that 806,000 abandoned the workforce and just gave up hope of ever finding a job in God damn America.

That’s what’s going on with the unemployment numbers you’re seeing.  They’re getting better and better – but that’s because the number of people participating in the workforce is getting lower and lower which is driving a lower and lower measurement for unemployment.  It would be an easy fix: if we were to calculate the non-participation rate (100% minus the participation rate %), you would have a rising number to reflect the rising bad news of low labor participation which would thus provide a lower number for unemployment percentage.

But that would be honest.  And government is DIShonest to the core.

But here is the grim reality, if we were to stick the January 2009 labor participation rate that Bush handed off to Obama into the unemployment rate calculation, unemployment would be nearing 12 percent right now.  Which is Great Depression territory.

James Pethokoukis pointed this out last year (when the labor participation rate was better than it is now):

“11.4%: What the U.S. unemployment rate would be if labor force participation were back to January 2008 levels.”

Instead, the left is trumpeting the best unemployment rate since 2008, as if Obama magically solved all of our problems.  And I point out that this massive belief in disinformation is what the Bible prophesied would happen when Antichrist came: the Bible says he will literally be worshiped out of the (false) belief that he solved all the world’s problems.

It’s an amazing thing to watch the formerly greatest nation in the history of the world swiftly descend into pathetic weakness as an increasingly passive, narcissistic and depraved culture either tunes out or believes the lies they are spoon-fed by a mainstream media that provides far more propaganda than journalism.

If you want to know the truth about the U.S. economy under the misrule of Obama and his Democrat stooges, consider this:

“According to shocking new numbers that were just released by the Bureau of Labor Statistics, 20 percent of American families do not have a single person that is working. So when someone tries to tell you that the unemployment rate in the United States is about 7 percent, you should just laugh. One-fifth of the families in the entire country do not have a single member with a job. That is absolutely astonishing. How can a family survive if nobody is making any money? Well, the answer to that question is actually quite easy. There is a reason why government dependence has reached epidemic levels in the United States. Without enough jobs, tens of millions of additional Americans have been forced to reach out to the government for help. At this point, if you can believe it, the number of Americans getting money or benefits from the federal government each month exceeds the number of full-time workers in the private sector by more than 60 million.”…Zero Hedge April 29, 2014

One out of every five American families cannot point to a SINGLE member with a damn job.  And do you know what Democrats call that?  An economic miracle.

If you want to know the truth about the U.S. economy under the misrule of Obama and his Democrat stooges, consider this:

“Over the last six months, of the net job creation, 97 percent of that is part-time work,”…Keith Hall, former BLS chief

Virtually EVERY SINGLE JOB Obama has “created” in the aftermath of his ObamaCare hijack-takeover of the health care system was a part-time job.  And overwhelmingly, those jobs are in food service and other low-end, low-wage, dead-end jobs.  And do you know what Democrats call that?  An economic miracle.

Look at America’s collapse relative to China if you want to know the truth.  Consider that China had 43% of the U.S. economic power when Bush was president.  And now they are just about to overtake us less than six years later, thanks to Obama and the Democrat Party control.

The deception and disinformation that now characterizes our president, our White House and the media that is supposed to serve as a check and balance, is amazing.

It wasn’t very long ago that you could say, “Read my lips…” and the average American could finish Bush’s broken promise: “no new taxes.”  That was because the media beat the drums on that broken promise day in and day out for the rest of his second term after Democrats who controlled both the House and the Senate forced him to do so.  Literally, the Democrats who forced Bush to raise taxes politically attacked him for doing the very thing that they had forced him to do.  There is no such parallel for Obama’s many broken promises, such as “you will not see any of your taxes increase one single dime.”  Obama has broken so many promises that it is beyond unreal; yet few remember because the media has simply refused to do its job of holding a man they basically worship accountable the way they rabidly held the Bushes accountable.  There is no question that Democrats forced Bush to break his promise; there is also no question that Republicans did NOT force Obama to break his many promises on taxes, on ObamaCare, on red lines, or on any of his many lies.  Yet the media tore into the man whose opponents forced him to break his word and have refused to attack the man who simply proved dishonest.  The American people KNOW Obama is a liar, but the media simply will not beat the drum to torment their messiah the way they so happily tormented Republican presidents.

A willingness to tolerate liars and the lies they tell is a prelude to a deceived nation.  And America is very much a deceived nation.

This is God Damn America.  This is America according to the wrath of God as described quite fully in Romans chapter one.  The Democrat Party has pissed in God’s eye and demanded He bring His wrath upon America with their sodomy “marriage” and their murder of God’s babies: one day Democrats will stand before God’s judgment and say they were Christians and Jesus will tell them according to Matthew chapter 25, “I tell you the truth.  When I was hungry and thirsty, these righteous ones fed Me.  When I was in naked, these righteous ones clothed Me.  Not so you.  When I was a baby in My mother’s womb you tore Me to shreds and murdered Me before I could live in your place and die for your sins.  Now depart from Me, you murderers, you worker of iniquity, for I never knew you.  You NEVER gave Me the chance to know you.”

All you have to do to know that America is experiencing the wrath of God as never before is to read about the terrifying weather and the worst droughts we have ever seen as Obama has led America into defying the God of Creation.

But as the Bible says, we live in an age where most of humanity blindly believes a lie, a delusion.  2 Thessalonians chapter 2 describes the coming global big-government dictator in the last days and St. Paul says in verses 11 and 12, “For this reason God sends them a powerful delusion so that they will believe the lie and so that all will be condemned who have not believed the truth but have delighted in wickedness.”

St. Paul goes on to describe the last days mindset in chapter three of 2 Timothy:

      1But realize this, that in the last days difficult times will come. 2For men will be lovers of self, lovers of money, boastful, arrogant, revilers, disobedient to parents, ungrateful, unholy, 3unloving, irreconcilable, malicious gossips, without self-control, brutal, haters of good, 4treacherous, reckless, conceited, lovers of pleasure rather than lovers of God, 5holding to a form of godliness, although they have denied its power; Avoid such men as these. 6For among them are those who enter into households and captivate weak women weighed down with sins, led on by various impulses, 7always learning and never able to come to the knowledge of the truth.

And that’s precisely where we’re at as a culture today.  We live in an age of radical human free will – so long as that radical human free will rises up in hostility to God and His righteousness.  If you try to use the “radical free will” that modern culture so values to stand for God and His ways, this sick, twisted, perverted, depraved culture will turn on you with stunning viciousness.

People’s minds are closed to the truth in these final days before the coming of the beast and his total government control that Democrats have been working to create for decades.

One of the foremost characteristics of bad people is that bad people believe lies and reject the truth.  And we live in an age where the lie dominates and the truth is harassed and persecuted.

I know that most of America will continue to believe the lies for the same reason I know that Jesus loves me: “the Bible tells me so.”

 

 

 

Extending Jobless ‘Insurance’ Benefits And Just Jobs In General: When Will Dishonest Democrats Finally Just Tell The Dang Truth???

February 14, 2014

Here’s the question that demagogic Democrats ask Republicans: “How can you be so heartless to cut off people in need who, for no fault of their own, lost their jobs?”

Here’s the question Republicans ought to respond with: “How do you think having lifetime jobless “insurance” benefits will work out for those who no longer ever need to get a job?”

Let me begin with a couple of quotes:

Here’s one from a liberal HuffPo article titled, “It’s Not Just Poor People Getting Hosed When Congress Lets Unemployment Insurance Expire“:

When lawmakers skipped town for Christmas break this year, they left unresolved what to do about federal unemployment insurance. The benefits, available to jobless workers who had used up six months of state-funded compensation, had been running since the Great Recession hit in 2008. Early in 2012, Congress began scaling back the duration of federal benefits as the economy improved. There was uncertainty as to what would happen at the end of this year with even better economic conditions. Now, with the program set to lapse, recipients such as Torian are left gaming out a petrifying next few months.

Point: Federal “long-term unemployment insurance” has been going on for going on seven damn years.  And Congress has just kept extending it over and over and over and over.  And of course you can NEVER end it because the day you do, the poor, poor workers will be “hosed.”  So you have to keep providing these benefits forever.  Or else you’re cruel.

Here’s one from Wikipedia on unemployment benefits in the United States as contrasted with European socialism:

The standard time-length of unemployment compensation payment is six months, although extensions to this are possible for certain individuals. Once this six-month time period elapses and payment ceases, an individual who remains unemployed is at risk of falling into poverty, as they no longer have a safety net upon which to rely. This contrasts with the situation of the unemployed in most European countries (such as France, Germany and the United Kingdom), where unemployment benefit is of unlimited duration so long as the individual remains unemployed.

Okay, so we have America where we’re willing to help you – to a point.  And then you’ve got to stand on your own two feet and get a job, even if you don’t WANT to get a damn job.  And even if you have to take a job that you feel is “beneath” you.  Because that’s what grown-up Americans do.  And then we have European socialist nanny-statism, which says, “You NEVER have to grow up.  You NEVER have to take responsibility for yourself.  It takes a village.  Blah blah blah socialist blah.”

America used to be like America.  Because we were the greatest nation on earth and no one else even came close.  But now we’re a mediocre “mediocracy” like all the other socialist realms where everybody should be the same and anybody who tries to be better ought to be punished for the effort.

Here’s the bottom line: Democrats keep wanting to extend jobless “insurance” month after month and year after year after year without end.  And they never have to answer the question: “At what point is it immoral to keep extending these “benefits”?

Should I get an unemployment check for a year?  How about two years?  Is five years too long?  How about ten years?  Do I hear twenty-five years?  Hey, let’s go deep and say sixty years of unemployment bennies.  Is THAT too long?

Snotty, dishonest Democrats will undoubtedly respond, “No one is talking about unemployment benefits for ten years” (They can’t say “five years” anymore because they’ve ALREADY EXTENDED THEM FOR THAT LONG).  But consider the following question in the following paragraph.  Because:

You know what I want to hear from Democrats?  I want to hear them say, “If you continue to receive unemployment “insurance” for more than _____________ (please fill in the damn blank, Democrat), you are a lousy person.  You are a slacker and a freeloader.  And only a foolish and depraved society would give you one more nickel.”  I want to hear them put a number in that blank.

But they won’t.  They NEVER will.

What they WILL do is month after month, year after year continue to demonize and demagogue and slander Republicans who are reluctant to provide welfare for life.

Now the Democrat Party’s “War on Workers” is finally actually starting – just STARTING – to come out into the open:

(CNSNews.com) – The subsidies that help low-income people buy expensive health insurance are a ‘disincentive for people to work,” Douglas Elmendorf, director of the Congressional Budget Office, told Congress on Wednesday.

“What the Affordable Care Act does, is to provide subsidies focused on lower- and lower-middle-income people to buy health insurance. And in order to encourage a sufficient number of people to buy an expensive product like health  insurance, the subsidies are fairly large in dollar terms. Those subsidies are then withdrawn over time — withdrawn from people as their income rises.

And by providing heavily subsidized health insurance to people with very low income, and then withdrawing those subsidies as income rises, the (Affordable Care) Act creates a disincentive for people to work, relative to what would have been the case in the absence of that Act,” Elmendorf told the House Budget Committee.

Dishonest, demon-possessed Democrats – caught like cockroaches in the kitchen when the light finally gets turned on – are actually saying it’s a GOOD thing that ObamaCare will destroy at least 2.3 million jobs (mind you, I assure you it will be FAR worse than that.  And the CBO has been reliably late to comprehend the horror of this murderous and evil ObamaCare law).  Believe it or not, the Democrats who demonized Republicans as “job killers” are now actually openly saying that it is a GOOD thing that ObamaCare will drive another 2.5 million Americans out of the workforce.  Because now the people who have the right to choose to murder their very own children will also enjoy the right to choose whether to work or accept the welfare dole and mooch off of other people’s money for a life of mediocrity and failure.

Democrats are pathologically dishonest.  On the one hand, they claim with their Pseudo-Messiah Obama that they have improved the economy so damn much that unemployment is now only 6.7 percent.  But on the other hand, they’re evil, not stupid, and so they know that real unemployment in this country is really well over ten percent under their Failure-in-Chief and his disastrous and stupid and frankly wicked and immoral policies.

Even the uberliberal Huffington Post, as leftwing as it is, refutes the Democrat talking point:

President Barack Obama took pride in presiding over the nation’s “lowest unemployment rate in over five years” during his State of the Union address on Tuesday. But while this statement is true — the jobless rate dropped to 6.7 percent in December — it’s not exactly something to write home about.

That’s because a large part of the most recent decline in December was the result of 347,000 people giving up the search for work entirely and dropping out of the labor force. Such a decision helps the unemployment rate look better on paper, since it pushes those people out of the unemployment picture altogether. But in reality, it is not a great sign for the millions struggling to find work.

I’ve been writing about this in articles such as “Rapidly Worsening Labor Participation Rate Now Lowest In More Than THIRTY YEARS Under Obama’s Failed Regime.  PLEASE LOOK AT HISTORY!!!”  And that rate is no longer “more than thirty years”; it’s now the worst in over THIRTY-SIX YEARS.  We haven’t seen anything like this since Jimmy Damn Communist Carter was busy destroying America with his own failed socialist experiments back in 1978.

I pointed out quite a while back about the “Unemployment Rate: At ‘The Rate’ We’re Going, We’ll Have 0% Unemployment But No One Will Have An Actual Job.”  I predicted that THREE FULL YEARS ago.  Tell me how I was wrong, lying liberals.

Barack Obama is a pathologically dishonest liar.  But because he is protected by pathologically dishonest liars in the mainstream media, he is able to keep pumping out total crap.  But meanwhile he is driving ordinary people into the dust each and every month of his disastrous curse-from-God (as in “God damn America!”) presidency.

Things are just going so good under Obama that we closed out the year with headlines such as: “Applications for Unemployment Benefits Experiences Largest Increase in Over a Year.”

And then we get into January and February and we hear this from the always reliably rabidly ideological Los Angeles Times:

Retail sales fall unexpectedly in January
Amid bitter weather, sales slump a seasonally adjusted 0.4% in January from December, missing Wall Street’s expectations, Commerce Department reports.
By Tiffany Hsu
February 13, 2014, 6:16 p.m.

This year’s streak of nasty weather is wreaking havoc on the economy, causing plunging worker productivity, soaring heating bills, canceled flights, damaged crops and frozen hiring.

But the bitter conditions, which last month left thousands stranded in Atlanta and this week is pounding the eastern part of the country with snow, have dealt a particularly severe blow to retailers.

The tempests couldn’t have come at a worse time. In January, as businesses struggled through a weak post-holiday period in a month that already tends to be slow, industry sales slid by their largest margin in 18 months.

And “February does not offer much hope for relief,” according to a report from Credit Suisse.

Maggie Taylor, an analyst with Moody’s, said she’s spent two days in each of the last three weeks stranded at her New Jersey home because of the weather. She’s tried to run errands but has been stymied by closed stores. There’s so much snow she can’t even see her front stoop.

“The consumer is coming back slower than we expected with or without the storms,” she said. “But this winter, the storms appear so extreme that we don’t believe retailers are using them as an [unreasonable] excuse. People are staying home.”

The Commerce Department said Thursday that retail sales slumped a seasonally adjusted 0.4% in January from December, missing Wall Street’s expectations of flat results. Compared with the same month a year earlier, sales were up 2.6%, disappointing many analysts.

The government also revised down sales for the prior two months. December sales, which had previously been reported as a 0.2% month-to-month increase, were changed to reflect a 0.1% decline.

Don’t worry: they’ll have an excuse for March and April, too.  I’m guessing they’ll go back to their favorite straw man the Republican Party.

We conservatives have been openly MOCKING the left for the constant and incessant use of their favorite economic adjective under Obama: “unexpected.”  They expected a Utopia under their messiah and just can’t figure out why the streets aren’t paved with gold yet because they know with the faith of true Allah Akbar believers that socialism WORKS and “We are the ones we have been waiting for.”

I can’t help but laugh as I think of the Soviet Union, which shortly before its collapse had the balls to blame seventy years’ worth of bad weather after their policies resulted in perpetual famine, having executed all the other viable scapegoats.

That is ALL Obama has done.  Blame, blame, blame, demonize, slander and lie like no other human being in all of history has lied.  All liberals do and all they have EVER done is make false promises, then blame Bush, blame House Republicans (because they should have worshiped Obama and they refused to), then blame “unexpected.”  And ultimately if they get to grab the sort of totalitarian power their communist heroes in the USSR did they’ll blame seventy years’ worth of bad weather.  Because that’s who they are: a nation of Cains who refuse to accept responsibility for the horror they cause.

Do you want to know the TRUTH about what Democrats actually want?  THIS is what they want:

Let me remind you this has been going on for years. We are bringing it to a halt. The harsh fact of the matter is when you’re going to pass legislation that will cover 300 American people in different ways it takes a long time to do the necessary administrative steps that have to be taken to put the legislation together to control the people.

Democrats don’t want jobs.  If they wanted jobs, they wouldn’t be at war with the people who CREATE jobs.  What Democrats want is CONTROL.  They want the fascist control of society such that the people are beholden to THEM, such that THEY get to “punish their enemies and reward their friends,” such that they get to pick the winners and the losers, such that they get to decide whom the IRS targets and whom the IRS passes.  THAT is what they want.

Democrats don’t want you to have a damn job; they want you to be on welfare so you’ll have to keep voting Democrat forever in order to get your next meal.  That is ALL they want.

And the last six miserable years under Obama proves that they are increasingly GETTING what they want.

I wish Democrats would just have the honesty and integrity to preach their offer: in exchange for wiping out any chance at independence and genuine success in life, we’ll give you a menial subsistence existence as long as you keep waiting for your check in the mail and vote for the party that made it all possible for you to be a permanent parasite.

Sniff Test: Does It Feel Like Unemployment Has Improved By 6% In Last 60 Days? Reported By Same Government That Said Libya Wasn’t Terrorist Attack?

October 6, 2012

In the past 60 days, the unemployment rate has decreased from 8.3% to 7.8%.  Does it feel like it?  Are hundreds and hundreds of thousands of people rejoicing over their new jobs?

The same government that is reporting this news is the same government that stated officially over and over again that the attack from three sides on the US Consulate in Libya – which featured heavy weapons, coordinated indirect fire and multiple waves – was a spontaneous and unplanned affair prompted by sudden outrage over a basically homemade video that had actually been on the internet for the previous six months rather than a “terrorist attack.”

Did you believe that, too?  Are you that seriously stupid???

There was simply no way that the Obama administration did not know that the attack was not a terrorist attack.  For the record, they had actually already specifically labelled it a “terrorist attack” in order to release the critical military and intelligence assets that were needed to deal with the attack.  And other than the fact that Obama was too ignorant to know the truth because he had failed to show up at 60% of his daily intelligence briefings, he simply had to know that he was lying and instructing key administration officials to lie for him.

I can’t state as a categorical fact that the unemployment report is a cynical lie to benefit Obama politically, but what I can state as a categorical fact is that if any president or any administration in American history were going to lie on these numbers, this is the one on both counts to do it.  Because this is a president who has surrounded himself not with skilled, competent professionals, but rather with leftwing ideologues who would protect their messiah.

The Obama Labor Department’s household survey claims that 873,000 people just entered the workforce.  That is the biggest increase in 29 years; with said increase being accompanied by GDP growth of over 5%.  But the employer’s survey, on the other hand, only found that 104,ooo jobs were created, with 10,000 of those being in government.  And GDP growth was just revised downward to 1.3% from 1.7% – which, for the record, was the lowest since January of 2009 when Obama took office.

It’s rather difficult to understand just how we suddenly basically tripled our GDP growth such that we could get these massive jobs figure changes.

I heard on CNBC that 10,000 government jobs in one month is the largest number of government jobs recorded in a one-month period since the statistic started being recorded in 1948.

If these 760,000 extra jobs exist at ALL, NONE OF THEM ARE FULL-TIME, STABLE JOBS.  And that IS a categorical fact because the so-called “real unemployment rate,” the U-6 rate, remained absolutely unchanged at 14.7%:

The broader U-6 rate — which takes into account part-time workers who want full-time work and lots of discouraged workers who’ve given up looking — stayed unchanged at 14.7%. That’s a better gauge of the true unemployment rate and state of the American labor market.

And it’s at such an incredibly critical moment for Obama that this miracle of the job numbers suddenly appears from Obama’s Labor Department.

Something really stinks.

Especially given the fact that the real number of people unemployed increased by 100,000 new lost jobs last month to 23.2 million.  How the hell does that number increase from 23.1 million to 23.2 million and we add 760,000 freaking jobs???

Or how about just the fact that the number of actual jobs recorded (114,000) fails to come CLOSE to the working-age population growth of 206,000?

How about the fact that we just found out that household incomes fell for ANOTHER month under Obama?  And that the American people have lost 8.2% of their income and an average of $5,000 under this “successful” presidency?

How about the fact that the record number of food stamp dependents that Obama created exploded to a whole new level last month?  Or that more people are finding food stamps each month under Obama than are finding jobs?

So Jack Welch, the former CEO of General Electric, smelled that stink and tweeted:

One of the things that failed to pass Welch’s smell test is that he is deeply involved with thirteen major companies, and NONE of them had shown an increase in jobs from the second quarter (the one that saw the downward-revised 1.3% GDP growth).

Obama’s labor secretary Hilda Solis is the same labor secretary who helped Obama to take away the legal rights of secured GM bondholders and give the company to Obama’s union supporters.  Hilda Solis is the same labor secretary who pointed a damn gun at the Boeing Corporation for daring to try to build a new plant in a Republican/right-to-work state.  And we’re not supposed to believe that this woman is more than capable of cooking the books for her boss???

The Obama administration was specifically identified by the DEMOCRAT Chairman of the Senate Intelligence Committee as the source behind the devastating leaks that had been destroying America’s national security in an attempt to make Obama appear tough on that front.  And we’re not supposed to believe that this administration is more than capable of cooking the books???

Obama has produced fewer and fewer jobs.  He created fewer jobs in 2012 than in 2011, and he’d created fewer jobs in 2011 than he had in 2010.  Frankly, if you want less jobs, elect more Obama.

Who Do You Trust More To Tell Us About Unemployment? Big Brother (8.3%) Or Gallup (9.1%)?

March 10, 2012

Which turned out to be more accurate?

We must win the war, and we can win it! Each man and each woman, the entire German people, must call forth their utmost in work, courage, and discipline.” — Nazi government, January 1945

Or:

I am writing this from cell 24. Outside a new Germany is being created. Many millions are rejoicing. Hitler is promising everyone precisely what they want. I think when they wake to their sobering senses, they will find they have been led by the nose and duped by lies.” — Jailed journalist Stephen Laurant, circa 1935

Sometimes it is vital to pick the right people or the right agencies to believe.

Right now the Obama government is telling us that the unemployment rate is 8.3 percent and about to drop even further after numerous positive developments.

That view is not shared by leading polling organization Gallup:

Gallup: Unemployment at 9.1%, But 19% Need Jobs
Thursday, 08 Mar 2012 02:19 PM
By Martin Gould

The unemployment rate shot up by half a percentage point in February, according to figures released by the polling organization Gallup on Thursday.

The jump from 8.6 percent in January to 9.1 percent last month is the largest month-by-month increase in more than a year, Gallup said. It is the highest rate since August.

Gallup’s figures differ from the official government unemployment rate because they do not adjust the figure for seasonal variations or include anyone under 18. The survey suggests that the official figures will also show an increase from January’s 8.3 percent when they are released on Friday, said Gallup’s chief economist Dennis Jacobe.

“If the government’s unadjusted unemployment rate increases to the degree that Gallup’s has from mid-month to mid-month, then the government’s seasonally adjusted unemployment rate could show an even larger increase,” Jacobe said.

He predicted the government figure for February would stand at either 8.5 or 8.6 percent.

Gallup’s figure reveals the largest single month increase since December 2010 when it went up from 8.8 percent to 9.6 percent. According to the organization, the underemployment rate – which includes part-time workers who want to be in full-time employment, rose from 18.7 percent to 19.1 percent in February, the highest since last May.

“Regardless of what the government reports, Gallup’s unemployment and underemployment measures show a substantial deterioration since mid-January,” added Jacobe. “In this context, the increase in unemployment as measured by Gallup may, at least partly, reflect growth in the workforce, as more Americans who had given up looking for work become slightly more optimistic and start looking for work again.

“So while there may be positive signs, the reality Gallup finds is that more Americans are looking for work now than were doing so just six weeks ago.
Official Bureau of Labor Statistics unemployment figures have shown the rate go down from 9 percent since September.

And even Gallup is far more optimistic than the non-partisan Congressional Budget Office as stated in its annual report:

The [CBO] office says that will leave the unemployment rate at 8.9 percent at the end of this year, well above current the current rate of 8.5 percent, meaning the jobless rate would be increasing at election time.

[...]

And in 2013, CBO estimates unemployment will be even higher — at 9.2 percent.

As to the question as to whether Obama has created more jobs or destroyed jobs, this conversation was telling during official testimony with CBO director Douglas Elmendorf:

That prompted this exchange between Rep. Tom McClintock, R-Calif., and the CBO director. “Let me ask you, are there more people working today or fewer people working today than at the — on inauguration day of 2009?” McClintock asked.

“I believe the answer to that,” said Elmendorf, “is there are fewer people, congressman.”

Who are you going to believe?

There is an intentionally false picture being presented by somebody (see also here and here).  That much is abundantly clear.

In the case of Nazi Germany, had the German people believed the likes of Stephen Laurant, imagine how much suffering they could have spared themselves and the rest of the world.  But they were fools who chose to believe the wrong people.

Right now, Barack Obama is trying to get himself re-elected so there will be absolutely no reason for him to restrain himself in the pursuit of policies that will lead America to economic ruin.

Like the German people prior to World War II, if the American people foolishly choose to believe the wrong sources, we won’t get a do-over; they will rightly receive ruin.  Because we are responsible for our choices in this world.

Gallup Predicts New Unemployment Rate Will Skyrocket To 8.6 Percent

March 6, 2012

Note that the actual official unemployment rate ought to be 9.1 percent in February.  Note that the last few months of snowjob from the Obama media was a giant crock of crap.

You should also note that the REAL unemployment rate is actually over NINETEEN PERCENT!!!

Note that the dire CBO prediction regarding the weak and faltering US economy under Obama is coming to pass (and see a more detailed explanation of the CBO report here).

Thursday, March 1, 2012
Gallup’s Unadjusted Unemployment Data Suggest Increase in BLS Adjusted Figure

Gallup finds U.S. unemployment, as measured without seasonal adjustment, to be 9.1% in February, based on almost 30,000 interviews with a random sample of Americans. When Gallup applies the 0.5-percentage-point seasonal adjustment that the government applied to its unadjusted data for February last year, it produces an adjusted unemployment rate for February 2012 of 8.6% — a substantial increase from the 8.3% adjusted rate the government reported for January.

The findings provide a preview of what Gallup will report in its monthly employment release next Thursday, March 8. Because Gallup’s data are collected continuously throughout the month, the data are available now, one week ahead of the BLS report scheduled for Friday, March 9.
 
Three key factors help determine the relationship between Gallup’s measurement of the unemployment rate and the unemployment rate reported by the government. The first involves the relationship between Gallup’s and the government’s unadjusted survey results. Data from the past two years show that on an unadjusted basis, Gallup’s and the government’s unemployment measurements track fairly closely in both direction and magnitude.
 
 
Gallup reported an unadjusted rate of 8.6% for January 2012 and the government reported an unadjusted rate of 8.8%. Gallup’s and the government’s unadjusted results also tracked closely in January 2011 (9.9% versus 9.8%, respectively) and January 2010 (10.9% compared with 10.6%).
 
The results were similarly close in February 2010 (when Gallup found 10.6% versus the government’s 10.4%) but diverged significantly in February 2011, when Gallup reported an unadjusted rate of 10.3% and the government an unadjusted rate of 9.5%. That is, after the government re-based its unemployment data in January 2011, Gallup’s and the government’s February results differed in both magnitude and direction.
 
Relating Gallup’s current findings to the likely unemployment rate the government will report for February depends on a number of somewhat complex key assumptions. Consider the following scenarios:
Based on its full-month measure, Gallup finds that the unadjusted unemployment rate increased by 0.5 points, to an average of 9.1% in February from 8.6% in January.
  • If we assume the government’s unadjusted unemployment rate experienced a similar 0.5-point increase, it would rise to 9.3% in February from January’s 8.8%. Applying the 0.5-point seasonal adjustment (based on the government’s February 2011 adjustment) to the February 2012 unadjusted rate (9.3%) would result in an increase in the U.S. seasonally adjusted unemployment rate to 8.8% in February 2012 from January’s 8.3%.
  • If we instead assume the government’s unadjusted rate increased by 0.3 points in February to exactly match Gallup’s measurement at 9.1%, this would produce an increase in the seasonally adjusted unemployment rate to 8.6% in February 2012 — assuming the use of the February 2011 seasonal adjustment of 0.5 points.
Of course, there are lots of other possible assumptions. For example, the government’s unemployment estimate is based on a mid-month measurement. Gallup’s mid-month measurement for the unadjusted unemployment rate in January 2012 was 8.3% and it was 9.0% in mid-February. If we were to apply this mid-month increase of 0.7 points to the government’s unadjusted January rate of 8.8%, the resulting unadjusted 9.5% would lead to a 9.0% seasonally adjusted rate.
 
On the other hand, the government re-based its household survey once again in January 2012. If the government’s unadjusted survey results are unchanged (8.8%) or go lower in February, the government’s seasonally adjusted rate is likely to do the same.
 
A second factor to consider is the way the government seasonally adjusts its unadjusted unemployment rate for February. As noted previously, the government used a 0.5-point adjustment factor to seasonally adjust its results in February 2011. However, in 2010, it used a slightly different 0.6-point adjustment. Applying this larger seasonal adjustment to Gallup’s full-month results would produce an 8.5% adjusted unemployment rate for February 2012 — up from 8.3% in January.
 
A third factor that affects the unemployment rate might involve shifts taking place in the size of the workforce. If Americans seeking work get discouraged and drop out of the workforce in large numbers, it is likely to reduce the unemployment rate. This appears to have happened at various points in the past. Gallup’s measurement of the participation rate — the percentage of Americans in the workforce — shows a decline to 67.6% in February from 68.2% in January. If the government shows a similar decline in the workforce, it is likely to lower the U.S. unemployment rate that the government reports and that may not be fully picked up by Gallup’s data.
 
In sum, Gallup’s Daily tracking of the U.S. unemployment rate — which is not seasonally or otherwise adjusted — shows an increase in February from January. This reflects a consistent measurement of the job-market reality that Gallup has measured since January 2010. It may be that various factors will lead the U.S. government on Friday, March 9, to release a different unemployment rate than that implied by Gallup’s results, but that report will not change the reality in the marketplace.

Under Obama’s failed leadership millions and millions of Americans have simply given up and dropped out of the employment picture altogether.  And Obama loves it when he’s crushed the spirit of another worker, because that artificially lowers the unemployment rate and makes his failure artificially appear good.

This economy is teetering and on its way to a very hard fall.  And it is simply beyond laughable that the propaganda media would continually tell us that things are going just peachy dandy under their messiah’s marvellous leadership.

CBO Director States For The Official Record That Obama Has Destroyed Jobs And Will CONTINUE To Destroy Jobs

February 3, 2012

Has Obama created or destroyed jobs since taking office?

That prompted this exchange between Rep. Tom McClintock, R-Calif., and the CBO director.  “Let me ask you, are there more people working today or fewer people working today than at the — on inauguration day of 2009?” McClintock asked.

“I believe the answer to that,” said Elmendorf, “is there are fewer people, congressman.”

Is Obama’s economic plan succeeding or wildly failing to create jobs?

The [CBO] office says that will leave the unemployment rate at 8.9 percent at the end of this year, well above current the current rate of 8.5 percent, meaning the jobless rate would be increasing at election time.

[...]

And in 2013, CBO estimates unemployment will be even higher — at 9.2 percent.

Both of these statements from the Democrat-appointed CBO director prove that Barack Hussein Obama is a pathological liar on THE most fundamental issues that the American people care about.  Obama says that he has created 2 million jobs; he is a liar from the lowest snake pit.  And Obama claims that his policies are working WHEN THEY ARE WILDLY FAILING AND WILL FAIL WORSE IN THE COMING MONTHS.

Here is the story which details all of the above and more:

Congressional budget chief offers dim outlook on economic growth, jobs
By Jim Angle
Published February 01, 2012 | FoxNews.com

Congressional Budget Office Director Doug Elmendorf on Wednesday projected that economic growth will slow by next year and unemployment will rise before that — a forecast that Rep. Paul Ryan called ominous, grim and alarming.

Elmendorf laid out the latest projections on the economy and deficits before the House Budget Committee on Capitol Hill.

Ryan, R-Wis., who is chairman, raised alarm given projections that 2012 “will mark the fourth straight year of trillion-dollar deficits.”

“Trillions more dollars will be added to debt in the years ahead, putting a chilling effect on jobs creation today and committing the next generation to a diminished future,” he said.

Democratic Rep. Chris Van Hollen took a different approach, saying deficits and growth would have been worse without President Obama’s stimulus plan. “The Recovery Act did serve its purpose. It’s kind of like when you’re walking up an escalator that’s going down very quickly. If you take no action you will go down very fast,” he said.

Yet future deficits depend in large part on how fast the economy grows, along with spending and revenues. And on that front, the CBO isn’t offering a lot of encouragement.

“The pace of the recovery has been slow since the recession ended two and a half years ago,” Elmendorf said. “And we project that it will continue to be slow for the next two years.”

The CBO believes that economic growth will be only 2 percent this year — and an anemic 1.1 percent next year.

The office says that will leave the unemployment rate at 8.9 percent at the end of this year, well above current the current rate of 8.5 percent, meaning the jobless rate would be increasing at election time.

That prompted this exchange between Rep. Tom McClintock, R-Calif., and the CBO director.  “Let me ask you, are there more people working today or fewer people working today than at the — on inauguration day of 2009?” McClintock asked.

“I believe the answer to that,” said Elmendorf, “is there are fewer people, congressman.”

And in 2013, CBO estimates unemployment will be even higher — at 9.2 percent.

Republicans have been wringing their hands about deficits for years, but one Democrat on Wednesday railed against those who focus only on cutting spending.

“Because there are people here that want to destroy the government, that it has no responsibility and it can’t live up to the obligations,” said Rep. Bill Pascrell, D-N.J.

Several Democrats asked about how much revenues would be increased by eliminating the Bush tax cuts in hopes of avoiding more spending cuts.

One of the factors that will expand future deficits is entitlements, such as Medicare, which will explode as the baby boomers retire.

Elmendorf explained that “the fundamental fiscal challenge during this decade and beyond remains the aging of the population and rising costs for health care. The number of people aged 65 or older will increase by one-third in the coming decade, substantially raising the costs of Social Security, Medicare and Medicaid.”

In addition, he said, the new federal health care overhaul will significantly increase the number of non-elderly people receiving assistance through federal health care programs, such as Medicaid.

All of that is likely to balloon current levels of debt.

The CBO did project declining deficits under “current law.”

But current law would end the Bush tax cuts for everyone, even those making less than $250,000 a year, which neither Congress nor the president supports.

It would also mean a cut of almost 30 percent to doctors who treat Medicare patients, which Congress has never let take effect.

Here is the CBO unemployment prediction from its report:

I wrote about this complete and total lie of Obama’s claims of creating jobs has been a couple of weeks ago.  Basically, you can look at the labor participation rate to see that Obama has destroyed two-and-a-half million jobs; and if we used the same participation rate under Bush that we now have under Obama, unemployment would be well over eleven percent:

Obama ‘Added Jobs’ Only If You Count Them With Propaganda Math

Obama Hell: When Bush Left Office Average Length Of Unemployment Was 19.8 Weeks; NOW IT’S 40.8 WEEKS

8 Illuminating Charts That Show How Truly Failed Obamanomics Truly Is

Please read my article (that also just came out today) on the shocking immoral disaster that Social Security was from the very beginning.

Consider that the real debt of our nation is $211 trillion, not the $16 trillion we hear about, and that Democrats have saddled us with virtually every single penny of a debt that we can never hope to repay and which will ultimately implode and destroy this nation.  That’s the past that Democrats have immorally saddled us with in their effort to control our lives and our fortunes while they stole whatever sacred honor we otherwise could have aspired to.

Then consider the future that Democrats have in store for us as you contemplate all of Barack Obama’s shocking lies and the slowly sinking path to hell he has planned for us with his death by 4,200 – and counting – regulations.

Consider the ObamaCare boondoggle that has 160 new death panels in it:

Consider what CBO Director Elmendorf said about Obama’s documented history of job destruction as well as his prediction of future Obama job destruction.

And then please vote for America by voting against Obama this November.

America may not be able to survive anyway; but it definitely can’t survive another four years of Obama.

Obama Hell: When Bush Left Office Average Length Of Unemployment Was 19.8 Weeks; NOW IT’S 40.8 WEEKS

January 7, 2012

This was what Obama said yesterday (Jan 6, 2012):

“Altogether more private sector jobs were created in 2011 than any year since 2005,” Mr. Obama said during a visit to the Consumer Financial Protection Bureau Friday. “There are a lot of people that are still hurting out there. After losing more than 8 million jobs in the recession, obviously we have a lot more work to do. But it is important for the American people to recognize that we’ve now added 3.2 million new private sector jobs over the last 22 months — nearly 2 million jobs last year alone.”

The problem is this man is a liar from the bottom of the pit of hell.

You want to see the hell that unemployment hell Obama has given us in a single graph?

No, no, you stupid liberal: that’s not a rocket ship blasting up into space; that’s your messiah’s average duration of unemployment that is blasting straight up into the stratsosphere.

The average duration of unemployment when Bush left office was 19.8 weeks.  That’s how long it took the average person who lost a job to find another one.  Now it is 40.8 weeks.  If you’re REALLY lucky.

Thanks for that “fundamental transformation” of America, Barry Hussein.

And here’s the truth about how many jobs Barack Obama HAS DESTROYED, as measured by the labor force participation rate (which for you liberals is the percent of people who are actually PARTICIPATING in the labor force):

Yes, liberal, I know.  That DOES look like a rocket ship plunging out of space on its way to a terrible crash.  But that’s what happens when you give a fool the U.S. economy.

The labor force participation rate was 65.7% on January 2009 when Bush left office.  It was 64% as of December 2011.  And when you’re talking about a working-age population the size of America’s that 1.7% is HUGE.

Obama isn’t creating jobs; he’s DESTROYING JOBS.

Even Ezra Klein states that if the same labor force participation rate applied from the Bush years, the actual Obama unemployment rate would be at 11 percent. James Pethokoukis of Reuters calculated it at 11.3 percent.  And Tyler Durden using the most recent data calculates it at 11.4%.

That’s the truth.  If you pay attention to the actual facts and ignore Barack Obama’s lying mouth and the propaganda of the mainstream media.

The actual work force – thanks to Barack Obama’s morally and logically depraved policies - is 2.5 million jobs smaller than when he took office.  That’s how many jobs have simply ceased to exist.

The reason the unemployment rate is going down is because it is measured in a fraudulent manner that does not take into account the discouraged workers who are simply dropping out and abandoning the work force.  Because the reality of the Obama failure has crushed every reality they have ever cherished.  For them, “hope” is dead.  And “change” is hell.

As I pointed out nearly a year ago, at the ‘rate’ we’re Going, we’ll have a 0% unemployment rate but no one will have an actual job.

8 Illuminating Charts That Show How Truly Failed Obamanomics Truly Is

December 26, 2011

Is Obamanomics working?  Only if “working” means imploding America: 

The 7 most illuminating economic charts of 2011
By James Pethokoukis
December 23, 2011, 12:11 pm

My Magnificent Seven. Some bust myths. Others highlight a reality the media is ignoring. Enjoy!

1. The overly optimistic unemployment forecast of the Obama White House. This may be the most infamous economic prediction in U.S. political history (helpfully updated by The Right Sphere). For the original January 2009 chart from White House economic advisers Jared Bernstein and Christina Romer, see here.

 

2. The real unemployment rate. The official (U-3) unemployment rate is 8.6 percent. But the labor force has been shrinking as discouraged workers have been disappeared by government statisticians rather than counted as unemployed. But what if they weren’t? What if the Labor Department added those folks back into the numbers? Well, you would get this:

3. Middle-class incomes have been stagnant for decades—not. It is an oft-repeated liberal talking point, one that President Obama himself used in his populist Osawatomie Speech: The rich got richer the past 30 years while the middle-class went nowhere. In short, the past few decades of lower taxes and lighter regulation have been a failure. Or, rather, pro-market policies have been a failure … except that new research from the University of Chicago’s Bruce Meyer and Notre Dame’s James Sullivan find that “median income and consumption both rose by more than 50 percent in real terms between 1980 and 2009.”

4. Inequality has exploded—not. According to the MSM and liberal economists, U.S. inequality has exploded to levels not seen since the 1920s or perhaps even the Gilded Age of the late 19th century. And to prove their point—that the 1 percent has gotten amazingly richer in recent decades—the inequality alarmists will inevitably trot out a famous income inequality study from economists Emmanuel Saez and Thomas Pike. But why not instead look at wealth—all financial and nonfinancial assets—instead of income? It’s less volatile and a truer measure of all the economic resources at an individual’s command. Turns out that Saez has done research on that subject, too. And he even created a revealing chart documenting the ups and downs of U.S. wealth over the past century. It reveals a very different picture of inequality in America:

5. and 6. The underwhelming Obama recovery. When you compare the current recovery to those of the past, it looks pretty anemic. And it doesn’t matter if you look at GDP growth or unemployment (via The Economist).

 

 

7. America’s debt picture is worse than you think. If you factor in the long-term impact of rising federal debt on U.S. interest rates and economic growth—raising borrowing costs and lowering tax revenue—you’ll find that federal debt could be almost 50 percent higher by 2035 than the estimates usually bandied about in the media.

 

I’ll give you another chart as an extra bonus.  It demonstrates the inconvenient fact that Obama’s VERY BEST month in terms of unemployment is signifantly worse than George Bush’s WORST month:

The truth is that Obama has lost 2.5 million jobs since he took office. The truth is these  jobs have simply ceased to exist under Obama, as measured by the diminishing labor participation rate. The truth is that if Obama were measured by the same labor participation rate that Bush was measured by when he left office, unemployment would be at over 11.3% (according to an analysis by Reuters), rather than the 8.6% Obama is being lauded for by media propaganda. I mean, dang, the truth is that even liberal Ezra Klein affirms that the real unemployment rate ought to be 11 percent.

We live in an age where awful is massaged and manipulated by a modern Ministry of Truth to be wonderful.

http://seg.sharethis.com/getSegment.php?purl=http%3A%2F%2Fstartthinkingright.wordpress.com%2Fwp-admin%2Fpost-new.php&jsref=&rnd=1324936189264

Want To Know How To Balance The Budget And Have Full Employment? Ask Republicans Who Are DOING It

July 18, 2011

Nebraska, a state governed by Republican conservative Dave Heineman.

First there’s the unemployment rate of 4.1%.  Second lowest in the entire nation (behind fellow Republican state North Dakota, for what that’s worth):

LINCOLN, Neb. (AP) — Authorities say Nebraska’s unemployment rate dropped to 4.1 percent in May, a drop of a tenth of a point from April’s 4.2 percent.

Then there’s the fact that this Republican state has a balanced budget.  And how did it balance the budget and get low unemployment?

[M]aybe there is something Washington can learn from Nebraska. How did Nebraska, with an estimated budget shortfall of almost $1 billion November 2010, get to a unanimous decision May 2011 and approve a balanced biennial budget of $6.9 billion?  A balanced budget that does not raise taxes and leaves nearly $300 million in the state’s cash reserves.

Some might presume that life is difficult for Nebraskans, what with their state government required to balance the budget and not allowed to borrow.  Actually Nebraska  is ranked #10 by Lifestyle Statistics, it was 3rd in top jobs behind North Dakota and Texas, and to top it off, the unemployment rate for Nebraska is 4.1%.

How did it happen? Strong leadership. A state constitution that requires a balanced budget and doesn’t allow for borrowing. Tough decisions made during tough times, not delayed.  Priorities identified. Discussions. Debates. Negotiations…and the use of a red line.

An interesting quote from Gov. Dave Heineman occurs midway through this snippet from an article entitled, “Caterpillar Threatens To Leave Illinois Over Taxes“:

“If Illinois doesn’t want your business, Texas does,” wrote Rick Perry, the governor of that state.

The governor of Nebraska, Dave Heineman, wrote: “In Nebraska, we balance our budget by controlling spending, not by raising taxes.”

An official in the South Dakota governor’s office chimed in: “In South Dakota, you make a profit, and you keep your profit.”

The Illinois tax increase will cost Caterpillar’s 23,000 employees in the state about $40 million this year, said Jim Dugan, the company’s chief spokesman. Higher taxes make it harder for Caterpillar to attract and retain engineers, accountants and other employees, Dugan said. He added that Caterpillar’s corporate taxes in the state also will increase but provided no estimate on the added cost.

“The state unfortunately continues to put off the tough decisions” about potential reductions in government spending and pension costs, Dugan said. He said Caterpillar was offering to advise the governor on cost-cutting based on the company’s own experience chopping pay and laying off workers during the 2008-09 recession

First, liberal Democrat Illinois is a hellhole.  And that’s because Democrats own that state.  Some interesting figures: 4 out of the last 7 governors of Illinois are convicted felons.  It’s government union pension program is the biggest disaster in the nation.  It’s major city Chicago is so filled with gang violence that even Democrats have been pleading for the National Guard to come in.  And, if that isn’t bad enough, Democrats are so dishonest that they just altered their congressional map to undo the clear will of the people.  That’s what Democrats bring.

All over the nation we’ve got cities that have voted Democrat for a hundred years.  And they are all hell holes.  While a jackass is in many ways an accurate symbol of what it means to be a Democrat, it would really be far more fitting if the symbol of the Democrat Party was a black hole surrounded by the white-hot fires of hell.  Because “Democrat” is really a portmanteau for “Demonic Bureaucrat.”  And hell is what demonic bureaucrats invariably bring.  Along with socialism and totalitarian control.

And with that said, did someone say Texas?  Did someone say Rick Perry?  Oh, that’s right, I haven’t talked about Texas and Republican Rick Perry yet.

From a liberal writing in the Los Angeles Times:

For the last few weeks, I’ve been unable to get a startling statistic out of my head: Since the recession officially ended, Texas has created more than 4 of every 10 new jobs in America.

That’s right, Texas: the reddest of red states, home to gun lovers and school textbooks that openly question whether the Founding Fathers intended for the separation of church and state. I am no ideologue. Still, whenever I get political, I tend to tilt reflexively to the left, making the jobs figure a bit disconcerting at first.

But there’s no escaping it. The number is real. Which means that if you care about putting people back to work at a time when nearly 14 million in this country are unemployed, maybe Texas has something to teach us.

[...]

According to the Dallas Fed, Texas generated 43% of the net new jobs in the U.S. from June 2009 through May 2011 — an enormous share when you consider that the Lone Star State accounts for about 8% of the nation’s economy.

So let’s see.  Nebraksa is flyover country as far as liberals are concerned; they prefer their completely failed major metropolitan areas that their completely failed polices have turned into complete failures for a good solid century.  But Nebraska – with it’s 4.1% unemployment rate (second only to ANOTHER state governed by Republicans) and it’s balanced budget – has the last laugh.  It’s kind of like that “Annoy a Liberal – Work hard and be happy” bumper sticker – only with a whole entire STATE.  If you want to try to weasel your way out of contemplating Nebraska’s success by arguing that it’s a small state and it’s low tax, spend-on-a-budget ways wouldn’t translate to a large state, let’s consider Texas and the 43% of ALL U.S. JOBS it has created, instead.

Basically no matter how you slice it, conservatives rule and liberals drool.

We’re coming upon a major decision: do we want four more years of the hellhole of God damn America, or do we want to pursue the economic policies that actually have the advantage of WORKING???

[Update:] Oh, my goodness, I forgot to point out that – after all the unhinged rabid liberal HATE that came out in Wisconsin – Governor Scott Walker was able to sign a balanced budget with no business-hostile tax increases.

You Call It ‘Obamanomics,’ I Call It ‘The Jobs Holocaust’

July 12, 2011

Quote:

The total number of people who were truly unemployed in June was 25.3  million.

And man that sucks (with “sucks” meaning, “swallowing everything in its path,” like a black hole of doom).

Real Unemployment Rises to 16.2% in June — 25.3 Million People
Friday, July 08, 2011
By Matt Cover

(CNSNews.com) – The real unemployment rate rose to 16.2 percent in June, the Bureau of Labor Statistics (BLS) reported on Friday, marking a return to levels not seen since January 2011.

The “real” unemployment rate is technically a combination of three measures of unemployment: the unemployment rate, the number of people working part-time who want full-time work, and the number of people “marginally attached” to the workforce.

Those who have left the workforce but would still like to be employed are considered marginally attached.

This figure is considered a more complete measure of unemployment because it captures a broader spectrum of those affected by the weak economy. Merely counting those who apply for unemployment benefits as “unemployed” does not fully account for everyone who is out of work or underemployed.

This real unemployment rate – known as the U6 rate – has been climbing since February 2011 when it was at 15.9 percent. Real unemployment peaked in October of 2009 at 17.4 percent, before falling into the 16 percent range for much of 2010.

It now appears that the real unemployment rate is returning to its 2010 levels, trending upward after staying slightly below 16 percent from February to May.

The total number of people who were truly unemployed in June was 25.3 million — the 14.1 million who were unemployed, the 2.7 million who were marginally attached to the workforce and the 8.6 million who were underemployed.

Here’s an official statistic from the BLS for all of you “Bush-blamers”:

 

Oh, yeah, that Bush was a real job murderer, he was.  Good thing we’ve got Obama now righting all those Bush wrongs.

The problem is that Obama isn’t “right” about ANYTHING.  Which leaves the American people pretty much screwed.

Understand something: the Obama administration assurred us that his $3.27 TRILLION stimulus boondoggle would have unemployment down to 6.5% by now.  But rather than acknowledging that Keynesian economics just dug its own grave, hopped in, and covered itself up with dirt where it should remain for all eternity, we are instead met with statements of fanatic religious faith that “the stimulus saved us from a depression.”

This from the same bunch of geniuses who damn Bush for his overall 5.26% unemployment rate and absolving Obama for his 9.3% unemployment average during his three years to date.

5.26%.  Bill Clinton paved the streets with gold, we are all told.  And HIS unemployment rate average was 5.2% (i.e., pretty much the same as Bush’s).  And then consider the fact that George Bush also had to deal with the Dotcom bubble collapse that began under Bill Clinton (which wiped out 78% of the Nasdaq stock exchange and vaporized $7.1 TRILLION in wealth) to go along with the 9/11 attacks and the two wars they necessitated.

Bush really doesn’t look bad at all, in hindsight to the failure Obama has brought America.  But a failed demagogue Big Brother needs to have an Emmanuel Goldstein to bear the blame.  That trick has been around since failed leaders have been around.

This is God damn America.  And I suppose you can think of it this way: in God damn America, you DO have a job.  In God damn America the only job you really need is the one you’ve got bearing the wrath of God for voting for the most evil president in American history.


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