Monday, February 6, 2012

Unemployment rate drops to 8.3% and Other Fairy Tales....

I could've predicted last Friday's big headline which gave the drive-by media an orgasm:

Payroll employment rises 243,000 in January; unemployment rate decreases to 8.3% -- I predict that we'll  see a miraculous drop in the  unemployment rate below 8% before the Nov. election,  and no, I don't trust the Bureau of Labor Statistics which I believe massages the numbers to prop up Obama's re-election campaign.
As Tyler Durden writes at Zerohedge.com: 
"Actual jobs, not seasonally adjusted, are down 2.9 million over the past two months. It is only after seasonal adjustments – made at the sole discretion of the Bureau of Labor Statistics economists – that 2.9 million fewer jobs gets translated into 446,000 new seasonally adjusted jobs." A 3.3 million "adjustment" solely at the discretion of the BLS? ....Biderman wonders whether the BLS is being pressured during an election year to paint an overly optimistic picture by President Obama’s administration in light of these 'real unadjusted job change' facts. Frankly, in light of recent discoveries about the other "impartial" organization, the CBO, we don't think there is any need to wonder at all.
Forget the phony BLS numbers, and consider this: IF THE ECONOMY IS IMPROVING....ask yourself these questions:

  • If the economy is getting better, then why did new home sales in the United States hit a brand new all-time record LOW during 2011?
  • If the economy is getting better, then why are there 6 million less jobs in America today than there were before the recession started?
  • If the economy is getting better, then why is the average duration of unemployment in this country close to an all-time record high?
  • If the economy is getting better, then why has the number of Americans on food stamps increased by 3 million since this time last year and by more than 14 million since Barack Obama entered the White House?
  • If the economy is getting better, then why has the number of children living inpoverty in America risen for four years in a row?
  • If the economy is getting better, then why do only 23 percent of American companies plan to hire more employees in 2012?
  • If the economy is getting better, then why has the number of self-employed Americans fallen by more than 2 million since 2006?
  • If the economy is getting better, then why does median household income keep declining?  Overall, median household income in the United States has declined by a total of 6.8% since December 2007 once you account for inflation.
  • If the economy is getting better, then why are 18 percent of all homes in the state of Florida currently sitting vacant?
  • If the economy is getting better, then why are 19 percent of all American men between the ages of 25 and 34 living with their parents?
  • If the economy is getting better, then why does the number of "long-term unemployed workers" stay so high?  When Barack Obama first took office, the number of "long-term unemployed workers" in the United States was approximately 2.6 million.  Today, that number is sitting at 5.6 million.
  • If the economy is getting better, then why is the average age of a vehicle in America now sitting at an all-time high?
Sadly, that's "hope and change" we are currently experiencing and you can believe it! Remember these stats as you walk into the voting booth in November.

No comments:

Post a Comment