So, what are you thinking about on this beautiful, sunny Pearl Harbor Day? Yep, it is December 7th alright. The birds are chirping, the squirrels are happily scampering around the park. It’s Friday and the weekend is here! Four more years of “Hope and Change” just around the corner! What is there to not be happy about?
Well, it’s often the things we are NOT told that sneak up and bite us in the ass ….!
And what is not in the news … thanks to Obama’s propaganda machine loosely refered to as the “Liberal Media”? How about this little tidbit? We only added about 146,000 new jobs in November. And … we had 3.7 times that (540,000) drop out of the labor force. Yet … somehow … miraculously … unemployment dropped from 7.9% to 7.7%. Once again it’s Obama’s administration feeding us total BS and still the cool aid drinkers dutifully lap it up.
Why is it total BS you might ask? Paula Priesse explains it quite succinctly like this:
A company has 1,000 employees. 100 get the flu. The company’s flu rate is 100/1000 or 10%. But then 10 die from the flu. The company now only has 990 employees (1000-10 dead) … but has only 90 employees (100-10 dead) with the flu. So the company’s flu rate has mathematically dropped from 10% (100/1000) to 9.1% (90/990). Is the company better off? Of course not! 10 employees have died. So, in the same manner, Obama’s unemployment rate drops from 7.9% to 7.7%, but only because 540,000 gave up (died from flu) and therefore not counted anymore. Is the economy improving? Again, of course not! America’s labor force participation rate is the lowest in over 30 years.
The only “new normal” here is that OBAMA KILLS JOBS!
Combining the two rates gives us a realistic unemployment rate of 19%. This is the number that would have been reported until Obama changed how the government counts unemployment to make his numbers appear better than they are.
Hmmmm! And … how about those who’s unemployment benefits have run out and have simply given up on finding a job? They aren’t counted anymore either!
Keep drinking the Cool Aid … like a bunch of drunken rats going down with the ship!
American employers stopped hiring in August. According to CNBC reports, this is the first time since World War II that our economy has had a net zero jobs created during a month. The weak economy situation was underscored Thursday by the Obama administration, which estimated that unemployment will average about 9 percent for the next year, when Obama will run for re-election. The unemployment rate was 7.8 percent when Obama took office.
And it just keeps getting better ….
Next week, Obama will deliver a much anticipated presidential address to a joint session of Congress, introducing his plan for creating jobs and boosting economic growth. That is, if Congress will just get focused, and give him his plan by then!