Posted on 05/08/2009 9:37:24 AM PDT by Talkradio03
Breaking: Great News!! economy only sheds 539,000 jobs, unemployment only 8.9%, highest only in the last 25 years! Jobs report far better than expected!!! Economy is making the turn, Obama is President!...Here's a video that proves it, get a load of this>>
(Excerpt) Read more at hotairpundit.blogspot.com ...
Obama’s fuzzy math for general consumption is a joke!
Surveys of economists showed the mean expected decline was about 600K jobs. That is what they mean when the say “better than expected” or “worse than expected.” Obama does not generate the surveys of economists. Private organizations do.
Thane, if Bush was President, there would be he** to pay for a half million job losses, I know the answer to my own question, I was making a point
Just thank God we have Obama, if not for him we would have lost all our jobs and the human race would be extinct. </sic>
True, true. I’m just saying that when press reports record the expectations, it is referring to surveys.
As Banquo indicates, it is a “survey” of economic forecasters and economists.
What the news never reports is the revisions to the forecast. This is doubly so this time. Why?
Well, let’s just look at these revisions, shall we? Quoting from today’s press release:
” The change in total nonfarm employment for February was revised from -651,000 to -681,000, and the change for March was revised from -663,000 to -699,000.”
So, while these pinheads in the press are falling all over themselves trying to spin a “less bad” number into an “improvement,” the reality is that these BLS reports are based on models, not actual nose-counts, and the backward revisions ARE based on more complete information and they’re still getting worse, not better.
You’ll know we’ve achieved some inflection point in this down-cycle when we start seeing backward-looking revisions go up for several months in a row.
he he he democrats excel in fuzzy math
found this little DNC gem from 2004! Remember the good ol days when a president got criticized as an economic failure for creating only 1.7 million jobs in a recession covering his first term, and for running deficits of $437 billion?
http://democrats.senate.gov/dpc/dpc-new.cfm?doc_name=fs-108-2-284
How does losing more than a half million jobs every months since zero has been elected translate into positive news? The MSM is laughable at this point.
The federal gov. increased their payroll by 70,000
Just wait until these cretin get hold of the Census.
So you think this math is fuzzy? Just wait!
It is simply Orwellian Doublespeak.
What is more interesting is “where” the job losses are geographically.
See this map:
Job Loss/Gain 2007-2009
http://www.slate.com/id/2216238/
The core of the Obozo supporters is where the job loss really is. This is where the riots in the streets will start. Not in fly-over country in mid-america. But in the NE, East, Great Lakes and West Coast cities.
Give this 6-9 months and we will see it.
Note- this map is not very current, only goes through Feb. 09, but shows dynamically the job loss since the month before the election.
We need a Jackie Mason analysis of the situation.
The rate of going down is going up.
The rate of going up is going down.
What’s bad could be worse.
What’s good should be better.
If it’s good Obama did it.
If it’s bad it’s Bush’s fault.
Next month it will be even better
unless of course it’s worse.
The stock market is up but it’s still down
it will rise next week unless it falls.
Everything is coming up roses.
Any questions?
So, like how many were expected? 10,000,000? In that case, yeah, I guess this amount is “better than expected.”
Without the 66,000 jobs “created” by the government, the job losses were 605,000 - “worse than expected” - OMG.
Less bad - It’s the new good ! (oy)
Fox News is onboard the good news train. Shephard was positively GIDDY when he reported this today.
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