If anyone joined the Democrats and the Old Establishment Republicans to celebrate the slight decrease in the unemployment rate, you may want to reconsider the motives behind this news.
Is the 8.3 % unemployment accurate? Logic tells you it couldn’t possible true, but the banks, Wall Street, Obama and the Democrats are in the streets doing an “I told you so” dance. But buyers beware, if it sounds too good to be true – you know the rest.
Well Obama and the Bureau of Labor just did a snow job on us and you can take that statement to the bank. They just neglected to count the 2.8 million who had quit looking for employment. It’s like Granny being shoved over the cliff – these 2.8 million were just quietly shoved over the cliff, never to be counted again by the Bureau of Labor. Below Labor Board statistics:
From the labor board February 2012: In January, 2.8 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.) Among the marginally attached, there were 1.1 million discouraged workers in January, little different from a year earlier.
Actually the Bureau of Labor came up with the 8.3 unemployment rate because they derive their false figure from Americans that are employed or that are unemployed and still looking for work.
The master magician along with the Democrats and Liberal News Media just fooled Wall Street, many economists and pundits from coast to coast bought this lie hook, line and sinker. We shouldn’t be surprised, because this kind of shenanigans has been the story of our life the past 37 months.
A 787 billion dollar stimulus squandered and redistributed a Healthcare bill that’s a financial disaster, a “Green Company” scandal that is eating us alive plus high inflation, high fuel prices, weapons that have and probably still are walking across the border of Mexico into the hand of the cartel.
The CBO said the National Deficit will grow at least 1.08 trillion dollars and the actual unemployment rate will continue increasing, not decreasing.
May God Bless America
As Always,
Little Tboca
Comment
Comment by Phil McConathy on February 6, 2012 at 6:14pm The government figures are determined by who is in charge of the administration and we all know this tyrant in the White House lies daily as he tries to fool the American voters again in November 2012. I am dismayed at the main stream media's total failure to point out the loss of 1.2 million people from the work force from December 2011 and January 2012.just becasue they ran out of benefits. It is every American's duty to yell from the roof tops to thier friends and neighbors about what is occurring during this election year. I am convinced that our federal government has gotten so large and out of control it will require drastic action by the next President and Congress to make some serious decisions on what must occur for our country to survive .Sharron you are forgetting that the Congress in the 1980's was in total control by the DEMOCRATS and they lied to Reagan when they stated if he would grant some tax increase they would agree to huge cuts in spending. They LIED as usual and NEVER implemented any of the cuts. I was alive and witnessed this event in the 1980's. The biggest problem with our failed education system since the early 1970's is it has dumbed down the students of today so much that we are now seeing young people who don't know the truth about what occurred during this time period. I was educated before the Federal Dept. of Education was formed and therefore I am aware of what has happened during the past 50 years. Also, we weren't indoctrinated by our teachers. They taught the truth and the real history of America.
Comment by John Bellaire on February 6, 2012 at 2:09pm How the government does arithmatic must be above comprehension by us peons of normal intelect. I think taxes are simple. If a person has any money the government finds a way to get it. If a person has no money, the government finds a way to give it. It is just somewhere between this getting and giving where everything is screwed up.
Comment by Sharron Deer on February 6, 2012 at 12:56pm USARogue, I'm not trying to attack or defend any president. I'm certainly not trying to attack Reagan! Perhaps it was a mistake labeling the data by president. I only did it because that's how most people think of time regarding the government and the economy. As you note, Reagan "inherited" an economic situation that led to a serious recession shortly after he took office; Obama took office during a serious recession, immediately after the worst quarter of it.
But you're omitting a few things. For one thing, the late 2000s recession is considered the worst since the Great Depression. No one disagrees on that, as far as I know. In the 1981-1982 recession, the economy contracted by an average of 2.1%; in the 2007-2009 recession it contracted by an average of 3.5%. The worst part of it was in in the fourth quarter of 2008, where it contracted at an annualized rate of 9.2%!
You're also forgetting the 11 tax increases under Reagan as well as the tax reform measures of 1986. We desperately need tax reform now. (I'm reading a book on tax reform at the moment, to try and become more knowledgeable about that part of economics, since taxes aren't my thing.) But tax reform is incredibly complicated.
Some notable things that Reagan did about the economy. One was the 1986 tax reform, part of which was taxing regular income and capital gains at the same rate, which stopped people from using capital gains only as a tax measure, as opposed to genuine investment. Another was to significantly increase the Earned Income Tax Credit, which was felt to be a better anti-poverty measure than raising the minimum wage. And, ironically, he engaged in Keynesian stimulation, since he ran a considerable deficit through his 8 years. He was undoubtedly helped by a more congenial Congress, since he was able to pass nearly everything he waned.
In the end, the two recessions are hard to compare, because the economic situations are so different. Both were complicated in different ways. And most people don't understand how complex the whole thing is, although you seem to grasp it.
Sigh.
Comment by david chaney on February 6, 2012 at 9:19am 
Comment by Cliff Parker on February 6, 2012 at 7:32am Cat to move a plant from Canada to Indiana. Now a right to work state. Great news for America.
Comment by hunter60 on February 6, 2012 at 6:55am Manipulations of the numbers to give a false impression and reported by the lefts propaganda organs as the truth, gee, where have we seen that before? Hitlers National Socialist propaganda chief Goebbels and the state run "news agencies" of Mao and the Soviets have nothing on the lying creeps in our news rooms or on our networks.
Orwells "1984" and Rands "Atlas Shrugged" seem to materializing before our eyes. Frightening prospects ahead unless we regain control of our government.
Comment by Cliff Parker on February 6, 2012 at 6:38am Comment by Thomas on February 6, 2012 at 6:01am A nation's government has virtually unlimited capability to do lasting harm to the nation's economy and to the lives of the nation's people.
The capability for the actions of a nation's govenment to have a positive effect on the nation's economy are very few in number and very limited in scope.
A so-called "activist", or "progressive"(whatever that really means), government will be the death of a nation's economy and a destroyer of the lives of a nation's people.
The aggregate total spending by governments in the United States simply must be gradually reduced. The problem as I see it is that we have one political party, Democrats, who refuse to believe that they are the cause of the national disaster that looms and we have another political party, Republicans, who do not have the gumption and courage to do the right thing even though I believe at least most of them really do understand what must be done for the survival of this once great nation.
Comment by Roland C. Cartier Jr on February 6, 2012 at 5:13am Sharron I hope it was Art Laffer that you were referring to. Because I've seen a lot of Presidents in my day come and go and hopefully this one goes real soon!
Comment by Ralph Kennard Sr, on February 6, 2012 at 3:32am The numbers have been fixed and are not true!
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