The unemployment rate has fallen. This was as predictable as the sun rising or tomorrow being Saturday.
Not only did the unemployment rate dip this month, in the next few months you will see even more dips, pushing it down towards 7% by November.
Why is this so predictable? What does it mean and what is really going on?
Why is this predictable?
It is simple. The Obama Regime is cooking the books. No President in the modern era has been reelected with unemployment over 7.1%. The drive by media is ecstatic. They are thrilled. Obama will not be reelected with unemployment at 8.1%. However, if he can cook the books so the rate shows under 7.5% by November, he has a chance.
The rate is just a number. If you incorporate the entire population into the calculation, you get one number. If you only include certain populations, you get a better result. If you are the Obama Regime, you do not include the populations that make the unemployment rates go up.
If you want a true indicator of the economy, look at the number of people in the labor force. The number of people not in the workforce has shot to over 88 million. This is not only the highest number of people not in the workforce since 1981, it is the highest number ever recorded. Labor force participation, the percentage of Americans who are actually working dropped to 64.3%.
This is the true state of the American economy. Things have not been this bleak since 1981. Thanks to the Obama, Pelosi, Reid axis of fiscal evil, 30 years of economic growth has been wiped out.
If we calculated unemployment the way it was calculated during the Great Depression, unemployment would be 17%. In 1931, in the middle of the Great Depression, unemployment was at 15%!
This is the Great Obama Depression.
Today, Obama said, "After the worst economic crisis since the Great Depression, our businesses have now created more than 4.2 million jobs over the last 26 months (and) more than one million jobs in the last six months alone."
It says a lot that the media will not call Obama on this. Let’s look at some facts. In January 2007, when the Democrats took control of Congress, the unemployment rate was 4.6%.
In 2007, the number of people not in the workforce was only 79 million. In short, under Obama almost 9 million Americans have fled the workforce. They have abandoned work.
Can anyone imagine what things will be like after four more years of Obama?
What ever else we can say about Mitt Romney, he can’t do any worse than Obama and might do better.
If we give Obama four more years, America will have gone from the world’s economic super power to a third world bankrupt economy.
We cannot allow this to happen.
Nobody will buy this, everyone knows someone that is out of work and cannot find a job. I have been out of work and never took unemployment compensation, thankfully I didn't need it. So basically I am not being counted. So we at least know they are one off their numbers right there.
The Federal Government has very limited courses of actions that would have a positive effect on the nation's economy while at the same time the actions that can be taken that result in unmitigated economic disaster are virtually limitless. And most of the dufouses don't seem to be astute enough to be able to differentiate and pick out those actions that have at least some small chance to have a positive effect. Uncle Sam is a fully certifiable dumbass.
The Treasury borrowing from outside the government as well as the counterfeiting operations at the Federal Reserve support a money laundering operation that funds additional government spending which, in turn, looks the same as real-economy supported money when it accrues mostly to the advantage of the wealthy who have bought and paid for "our" two political parties.
The rich get richer as We, the people, our children and our grandchildren share the various debt obligations that are enabling them to become richer.
The Federal Government could turn the Economy ON, in one hour.
If we had a President who would sign an Executive Order nullifying Regulations that hamper our Economy and . . . . open up energy development in Anwar and Federally owned lands, our Economy would be expanding like it never expanded before. As the Energy industry grows it will pull up all other industries and employment will mushroom.
The current leadership will not make a simple, common sense, decision . . . maybe, after purging the Socialists and Statists, such a simple solution will happen?
It's like saying: The good news is I'm losing weight, the bad news is I'm dying of cancer.
Gee, Wally, all we need is the government to orchestrate and run this gold mine of ideas (and in that way we can be assured it will surely fail to accomplish anything, except to create more debt).