Posts Tagged ‘u-6’

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.

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Hypocrite Alert: The Same Nancy Pelosi Who DEMONIZED Bush And 52 Consecutive Months Of Job Creation Hails Obama’s 27 Months As Wonderful

June 2, 2012

Nancy Pelosi trotted out today and had this to say:

Leader Pelosi. Good morning. Nice to see you all here – you missed the crowd of visitors to the Capitol. It’s pretty exciting when they come where, what a thrill.

With today’s jobs report it is clear that we have work to do. Although this is the 27th month of increased, continued job increases in our economy it is certainly not enough. It’s clear from that jobs number that we have work to do. We know it and the American people know it and American families across the country know it.

Wow.  “This is the 27th month of increased, continued job increases,” says Pelosi.  You’ve got to praise a president who can boast that kind of a record.

But a president who has – quite literally – TWICE THAT RECORD?  You should demonize that president.

George Bush had 52 months of “increased, continued job increases.”  As US News and World Report points out:

“Economy Made Few Gains in Bush Years”, declared the Washington Post earlier this week. And while the story grudgingly acknowledged the 52-straight months of job growth, it dismissed any economic gains as the ephemeral product of the housing bubble and wild-spending consumers. Except … that worker productivity — the most important long-term indicator of the core health and competitiveness of an economy — has risen at a really impressive 2.6 annual rate during the Bush years vs. 2.0 percent for Clinton and 1.6 percent for Reagan. (That factoid from the Wall Street Journal.) This is important stuff. It’s one big reason why the World Economic Forum says the U.S. has the most competitive economy in the world. The economic rebound after the pro-growth 2003 tax cuts was no mirage.

Okay, 52 straight months of job growth under Bush.  Let me get out my calculator, because this is math that is clearly FAR beyond any Democrat’s ability to perform: 52 months versus 27 months.  Which is more?

Yep.  I just confirmed it.  Bush’s 52 consecutive months of job growth dwarfs Obama’s 27 months.

And Bush also gave America worker productivity that dwarfed Bill Clinton’s while giving us virtually the same unemployment rate as Clinton (5.2% unemployment under Bush).

I could do also do the math to show that Bush’s unemployment rate is so much better than Obama’s it’s not even funny.  But that would be like rocket science explained to ants for Democrats.  So I won’t bother.  But if you look at the monthly unemployment figures and do the math that Democrats are clearly too depraved to do, Obama’s average unemployment rate through May 2012 is 9.2%.

So the guy with the 9.2% unemployment rate who promised America that unemployment would be under 6% by now if we passed his massive stimulus is saying that the guy with the 5.2% unemployment rate is to blame for his abject failure.

It actually gets considerably worse – because even those monthly unemployment figures are deceitful.  Labor participation has plummeted abysmally and catastrophically under Obama; millions of workers have simply given up bothering to even try to look for a job and 88 million working age Americans aren’t working during this failed presidency.  If we were to calculate Obama’s unemployment rate by the SAME participation rate that Bush’s last unemployment figure was calculated under, Obama would actually have an 11.4% unemployment rate.

That’s in the weeds particularly for Democrats’ whose ideological brains are somewhat smaller than cockroackes’, but the U-6 unemployment rate that many say is this broader “real” rate is 14.8% right now.

Job creation is way down.  The unemployment rate is up.  The market just crashed to correction levels (defined as dropping by 10% from the high) with the Dow losing 278 and the Nasdaq losing 80.  The last two months of “job gains” were downwardly revised. The GDP sucks the big one with a downwardly revised 1.9%.  And speaking of “revising” EVERYTHING keeps getting revised down under this propaganda presidency.

Well, at least Obama has Nancy Pelosi to keep singing his praises.  It’s a way-off tune shrieking cackle that belongs in the padded part of the psycho ward, but at this point Obama has to take praise anywhere he can get it.