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:
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:
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.
On tips from AC, Sean C, and Shawn R.
Obama and co. are so full of it.
TODAY’S QUESTION
Which ‘why Barry sucked in Denver’ excuse is better? Al Gore’s ‘it was the high altitude’? Ed Schulz’s ‘Obama didn’t want to look like an angry black man’? Enquiring minds want to know…
Something to think about:
Bill Clinton is getting $12 million for his memoirs.
Hillary got $8 million for hers.
That’s $20 million for the memories from two people, who for eight years repeatedly testified, under oath, that they couldn’t remember anything.
Social justice will be achieved when the blue line breaks through the top of your monitor. Then the people will finally be free of the oppression of a paycheck.
This is very troubling. That a POTUS would so brazenly manipulate a key economic induce to aid in his reelection is beyond belief.
Having added only 114k jobs how many people left the workforce for the rate to drop 3 tenths? Must have been a SHITLOAD.
Nobody left the workforce. Comrade Chairman Obamkov vigorously denies the Western imperialist propaganda that those people ever existed in the first place.
Obama doesn’t wear a hat. You sure that’s where he pulled those numbers from?
There’s no room for Unemployment numbers in his ass…
not while his head is up there.
Look to Secretary Hilda Solis’ ass as the source of these phoney numbers.
“The biggest jump in 29 years”
Yeah, and I’m Hairy Hoooodini
Truly an affirmative action president.
Naturally after Obama’s point man gathered the media and demanded they fall in line to help Obama, we won’t hear or see anything from them about how these numbers are clearly and deliberately fraudulent.
Well I was 99.99%sure they would find sub-8% by election time…if we can only get 500k people to stop looking next month,the rate will even be lower.
Here is where we are:Unemployment-22%,Inflation 9%,GDP output-flat to negative…outlook till 2020…not so good.
Banks are not flush(see toxic assets)and the top four banks in the US have a gross notional derivative exposure of about$250 TRILLION in outstanding contracts.(thats almost 4x total world GDP output combined).
The U.S. has added $6 trillion to its debt under obama, a sure sign of being on the road to Third World status. Three years ago, the U.S. had $7.9 trillion in debt. Today, we have $16 trillion. Bankrupt, hyperinflated Zimbabwe couldn’t do any better.While we’re at it, under obama, spending has risen farther and faster than under any president in history. At current rates, government at all levels will take up more than half of all economic activity by 2050.
It IS here,it IS real and it IS going to be painful for years to come.
Wait till we start the entitlement cutbacks…reminds me…get more PM’s…gold,silver and LEAD.
[...] the corner from Election Day. You skeptics, I know what you’re thinking. But it is strictly coincidence that Barack Obama needs these numbers more than Al Gore needs to turn himself over to Jenny [...]
When you factor in ObamaMath, the unemployment rate is actually 7.8 % and gas is really $1.54 a gallon.
The ONEderchild told us years ago that if the “stimulus” wasn’t passed, unemployment would go to 8%. After it was passed, it went up to 10.1%. The neo-commie regressives are now claiming the reports of 8+% unemployment as “a success”.
BY the way, we now have about as many people out of work as we did duurring the Great Depression.
Another thing: back then, our money was backed by GOLD AND SILVER and we weren’t handing it out to foreign countrys hand over fist.
The Obama administration has again, “cooked the numbers” and he will tell everyone that “we are moving forward”. Something isn’t adding up America other than for Christmas hiring prospects. The economy lost 16,000 manufacturing jobs the last month. You figure it out.
1. http://www.independentsentinel.com/2012/10/how-did-they-get-unemployment-to-7-8-its-worse-than-it-looks
2. http://weaselzippers.us/2012/10/05/unemployment-rate-miraculously-drops-to-7-8-114k-jobs-added/
3. http://www.theblaze.com/stories/influential-september-jobs-report-unemployment-drops-to-7-8/comment-page-9
4. http://therealrevo.com/blog/?p=85043#comment-119332
Among all unemployed persons, the proportion who had been jobless for 27 weeks or longer was 40.1 percent, essentially unchanged from the prior month but down from 44.7 percent a year earlier.
Christmas hiring prospects:
Among the employed, the number of involuntary part time workers increased by 582,000 to 8.6 million in September.
http://bls.gov/news.release/jec.htm
U.S. Added More Debt on First Day of FY13 Than From 1776 Through Pearl Harbor
http://cnsnews.com/news/article/us-added-more-debt-first-day-fy13-1776-through-pearl-harbor
You know, I don’t want to get in the habit of correcting Mr. Blount, but clearly when he said HAT he meant A$$!
Propaganda.
Jobs Report Met with Skepticism
Well I spoke too soon earlier – at least a few sources are questioning these obviously false numbers.
If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11 percent. The results of President Obama’s failed policies are staggering — 23 million Americans struggling for work, nearly one in six living in poverty, and 47 million people dependent on food stamps to feed themselves and their families. The choice in this election is clear. Under President Obama, we’ll get another four years like the last four years. If Romney is elected, we will have a real recovery with pro-growth policies that will create 12 million new jobs and rising incomes for everyone.
JACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful
Welch is correct about the manipulation but wrong about why. This magic recovery was no doubt planned well in advance. Even if Obama slaughtered Romney at the debate we would have seen this dramatic (on paper, not in reality) improvement in the employment situation this month.
The Real Unemployment Rate
The reported drop in the unemployment rate is curiously NOT accompanied by a similarly large jump in the BLS numbers for employment. Hmmmm… The labor-intensive manufacturing sector shed 16,000 jobs during the month. Another sign that the economy remains below par: The number of long-term unemployed – those jobless for 27 weeks or more – remained stuck in September at 4.8 million. These long-term jobless Americans accounted for 40.1 percent of all the unemployed. And then, as others have mentioned, the number of people who have simply given up remains extremely high, even historic.
Long past time to end the employment rate shell game!
He’s only fooling clueless moonbat liberals. They are already voting for him.
Allen West pwning CNBC screeching moonbat anchor in the face about cooked unemployment numbers:
http://www.youtube.com/watch?feature=player_embedded&v=K7ZrbbVPsi8
Two words:
http://www.youtube.com/watch?v=Jm3zV1pCTQ8
So let’s see….When Obama came to office, unemployment was a bit below 8% and we had the worst economics since the Great Depression (not actually true, but let’s go with it). After 4 years and $6,000,000,000,000 we are essentially back where we began.
Yes, indeed, Barack; you sure are a master with the economy.
Frankly I don’t understand why Obama didn’t direct the BLS to drop another million workers from their rolls and get the unemployment rate below 6%.
Now…being a little bit of a numbers guy, will this increase in people working (snicker), lead to a corresponding decrease (snicker) in the demand for food stamps? After all, the economy is getting better, isn’t it? (Yeah…by the time the food stamp numbers become available, it will be past November 6th, which is the point of this whole exercise.)
Finally, The Bureau of Labor Statistics where these “fuzzy figures” are coming from….We have this! Two executives for the Bureau are Barack Obama donors.
http://freebeacon.com/meet-the-obama-donors-at-the-bls/
LOL’s….I’m glad you got this ,Dave. I had just checked Shadowstats myself. Sounds like the secret of cooking the numbers is out…a round for the house.
Great News! The monthly chocolate ration of 8.1 grams has been INCREASED to 7.8 grams! All hail Big Brother! (paraphrased from 1984)
[...] the corner from Election Day. You skeptics, I know what you’re thinking. But it is strictly coincidence that Barack Obama needs these numbers more than Al Gore needs to turn himself over to Jenny [...]
It’s a kind of magic.
Please look again, these numbers stink so bad it is clear that Obama pulled them from his ass, not his hat.