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.
Tags: altered, americans, obama, percentage, rate, regime, statistics, unemployment, workforce
Permalink Reply by Debrajoe Smith-Beatty on You don't expect Obama to tell the truth do you?
Permalink Reply by daves on The way the Labor Department calculates unemployment has not changed since the 1990's. While this article is true about the real unemployment rate, President Obama has not changed anything and is not cooking the books. The same calculation was used during President Bush's term and President Clinton's term.
Permalink Reply by JC Patriot on That is incorrect. When the new calculation for unemployment went into effect about a year ago, the unemployment rate immediately changed from about 10% to about 9%.
Permalink Reply by William E. Hall on Figures lie and liars figure!! The actual unemployment rate (including those that are no longer looking) is over 15% and we all know that!!!! That is a fact-not fiction.
Permalink Reply by sharon ostwinch on If his mouth is open he is lying. Not the best quality for a President. He will never be voted in again. Not after all the lies and the massive import of muslims. Nope we have had enough. NO MORE
Permalink Reply by Chris Jurrians on Has anybody figured out another reason the unemployment number is low? People can't find work so they just drop off the face of the employment map. People STILL can't find work. So they file for disability or SSI. Problem solved. You collect SSI or disability, you are no longer an employment statistic. That's how it's done in the obamanation and voodoo accounting.
Chris,
You forgot that anyone that is/was unemployed and goes back to school (college or trade school) come off the roles. Also new high school & college graduates that never worked and can't find a job don't collect unemployment so they don't get counted. Plus take a look at the number of unemployed that have decided to opt for early Social Security retirement (age 62). I tried to get the information from Social Security Administration on how many folks were now applying for early retirement and was told they are not authorized to give out that information. If anyone in the Republican Congress had the smarts to look these numbers over the past 2 years they would call the President out on his bogus figures.
I would also like to see the number of federal employees that have been hired while President Obama has been in office.
Permalink Reply by hunter60 on Without reading the article and responding strictly to the headline.... the liar/traitor/marxist-in-chief has his cronies lying for him because its election season. Old news.
Permalink Reply by Katie Kalpin on If the liberals told the truth..first of the entire WORLD would be in a state of shock! :D Second of all if they did, then they would have to admit that their guy...SUCKS! They are not ready or WILLING to do that. I would love to see them admit it. The blessing is, if you read Yahoo you will find that when the media tried to lie about it..for the first time in years....people call them out 1000% so others are knowing of the truth. So liberals have yet another EPIC FAIL! :D
Permalink Reply by Lizzie on As long as Romney actually takes Obama to task for this administration's outrageous lying, then it's great that the media is encouraging Obama to be as dishonest and shameless as possible.
But Romney actually has to have the guts to do it.
Permalink Reply by Nancy on . . .and undo any/everything that BHO has done to destroy our country! Does anyone know where Romney stands on rescinding BHO EO's--I feel this would be a very important step towards getting us back on the right path.
But, as DL put it--does Romney "have the guts to do it"?
Permalink Reply by Debrajoe Smith-Beatty on Nancy I believe that people are under estimating Romney.
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