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Oct 05 2012

Obama Pulls a Magic Number Out of His Hat

What a remarkable coincidence. The day after Obama is spectacularly devastated in a debate, his Labor Department reports a miraculous drop in the unemployment rate:

The nation’s unemployment rate fell to 7.8 percent in September from 8.1 percent in August even though just 114,000 jobs were added to private and public payrolls, the Bureau of Labor Statistics reports.

Under 8% at last, for the first time since Obama took office. Quite a milestone. You see, everything is getting better now. Massive waste and federal micromanagement are turning the ship around.

For the benefit of anyone naive enough to take this number seriously, Shadow Government Statistics is keeping track of reality:

unemployment-through-september-2012

The SGS line counts would-be workers who have given up trying to find employment under Obamunism, and are considered by the government not to exist. Like U6, it includes those forced to work part-time because they can’t find full-time work.

Legendary CEO Jack Welch has a succinct explanation for the Obama Regime managing to reduce unemployment even as so few new jobs are added:

jack-welch-obama-tweet

The more powerful Big Government becomes, and the more it can count on the “mainstream” media to do its bidding, the less likely it is that any numbers it reports will be accurate.

Disbelief
Compliments of Sean C.

On tips from AC, Sean C, and Shawn R.

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