Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Obama: "We've created 4.2M new jobs in the past 26 months"
Fox News Channel (no link) | 5/4/12

Posted on 05/04/2012 9:42:15 AM PDT by pabianice

"... and the jobless number is down again."


TOPICS: Business/Economy; Chit/Chat; Society
KEYWORDS: obama; vanity
FWIW. U6 is now 12.2%. When lies become accepted fact, what is the counter to them?
1 posted on 05/04/2012 9:42:16 AM PDT by pabianice
[ Post Reply | Private Reply | View Replies]

To: pabianice
FWIW. U6 is now 12.2%. When lies become accepted fact, what is the counter to them?

Indeed. U6 is not the unemployment rate, by the way. Don't try to engage me in that specious debate. Look up the definition and acknowledge it.

2 posted on 05/04/2012 9:44:27 AM PDT by the invisib1e hand
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

I honestly do not think he should include recruiting numbers for Al Qaeda in that declaration...


3 posted on 05/04/2012 9:48:59 AM PDT by rjsimmon (1-20-2013 The Tree of Liberty Thirsts)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

This bozo is living in a parallel universe. Just where in the hell does he get such numbers? And are any RINOs going to challenge them?


4 posted on 05/04/2012 9:50:46 AM PDT by laweeks
[ Post Reply | Private Reply | To 1 | View Replies]

To: the invisib1e hand

Where did he say U6 WAS the unemployment rate?


5 posted on 05/04/2012 9:51:03 AM PDT by Boonie
[ Post Reply | Private Reply | To 2 | View Replies]

To: pabianice

The government created NOTHING. It just created dependency. That is all it ever does.

I suspect that Obama and his funny numbers are bogus. Just like anything to come out of this fools mouth is.


6 posted on 05/04/2012 9:53:54 AM PDT by Jack Burton007 (This is Jack Burton in the Pork Chop Express, and I'm talkin' to whoever's listenin' out there.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice
I happened to catch Shep Smith on FNC yesterday when he said the unemployment applications went down to 365,000 (or something like that), less than what the fed expected, and claimed that that was good news for Zero.

To me, it means 365,000 more people were now unemployed.

7 posted on 05/04/2012 9:55:22 AM PDT by jeffc (Prayer. It's freedom of speech.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

The U.S. BLS measures six types of unemployment, U1–U6.

U6: U5 = Part-time workers who wish to work full-time, but cannot due to ECONOMIC reasons.

Source: Unemployment


8 posted on 05/04/2012 9:56:06 AM PDT by Boonie
[ Post Reply | Private Reply | To 5 | View Replies]

To: pabianice

Now, is that a net number of 40,000 jobs a week or is it versus minimum each of those weeks of 350,000 NEW unemployment claims?


9 posted on 05/04/2012 9:56:38 AM PDT by John W (Viva Cristo Rey!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

U5+Part-time.....


10 posted on 05/04/2012 9:58:10 AM PDT by Boonie
[ Post Reply | Private Reply | To 8 | View Replies]

To: pabianice

And the actual number of unemployed persons rose by 7 million in the past 26 months.


11 posted on 05/04/2012 9:58:22 AM PDT by CharacterCounts (A vote for the lesser of two evils only insures the triumph of evil.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

Here’s a good line for Romney to use: “If we had a president who had ever learned how to read a balance sheet or an income statement, maybe we could believe his numbers. But Obama’s track record with accuracy of numbers isn’t too good.”


12 posted on 05/04/2012 9:59:37 AM PDT by Maceman
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

They must be counting the snow jobs.


13 posted on 05/04/2012 10:02:04 AM PDT by tacticalogic ("Oh, bother!" said Pooh, as he chambered his last round.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice


"YOU LIE!!!!"

14 posted on 05/04/2012 10:04:18 AM PDT by Servant of the Cross (the Truth will set you free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

He created 4 million composite jobs


15 posted on 05/04/2012 10:05:18 AM PDT by Guyin4Os (A messianic ger-tsedek)
[ Post Reply | Private Reply | To 1 | View Replies]

To: laweeks

Just where in the hell does he get such numbers?...

He pulls them out outta his @$$hole...


16 posted on 05/04/2012 10:06:17 AM PDT by AngelesCrestHighway
[ Post Reply | Private Reply | To 4 | View Replies]

To: pabianice

...and China thanks you.


17 posted on 05/04/2012 10:06:24 AM PDT by madison10 (The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. TJ)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

Simple. When people go past the 99th week of benefit, they drop off the unemployment rolls.

They don’t show on the statistics. But they still don’t have jobs.


18 posted on 05/04/2012 10:07:29 AM PDT by agere_contra
[ Post Reply | Private Reply | To 1 | View Replies]

To: the invisib1e hand

According to the BLS, it includes “Total Unemployed” (their own words). The most deceitful way to gauge unemployment(especially in a long recession) and the favorite of liberals, is to measure unemployment by how many file for unemployment benefits. On a prolonged downturn, of course that number will go down. The only honest and legitimate way to determine labor statistics is the number of the labor force each month, and how many people are actually employed in it. That number has been going down for some time.


19 posted on 05/04/2012 10:09:42 AM PDT by NotTallTex
[ Post Reply | Private Reply | To 2 | View Replies]

To: pabianice
Janet Nepolitano must have assured the obozo that her agency has completed the injecting of delusional causing drugs into the country's water supply so enough of the people will now believe his horse sh#t no matter how absurd.
20 posted on 05/04/2012 10:16:15 AM PDT by drypowder
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

EXCELLENT

That means tax revenues should be way up
Food stamp and MEDICAID applications way down
Housing foreclosures slowing or reversing
Consumer confidence and spending on the rise

(crickets)


21 posted on 05/04/2012 10:21:57 AM PDT by silverleaf (Funny how all the people who are for abortion are already born)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

Bump


22 posted on 05/04/2012 10:23:41 AM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

Bump


23 posted on 05/04/2012 10:24:41 AM PDT by lowbridge (Joe Biden: "Look, the Taliban per se is not our enemy.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

When the history of zer0’s pres-id-ency is written (if the truth is told) history will record this politician (zer0) was a complete failure and liar which even though backed fully by a lying lame-stream media couldn’t pull one single truth out of his ... (er) mouth. Am believing the truth will never be recorded, and subsequent generations will be guided to believe the zer0 was substantive, when zer0 actually equaled zer0.


24 posted on 05/04/2012 10:27:47 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: no-to-illegals

Is today opposite day? Up is down. In is out. Little is big.


25 posted on 05/04/2012 10:29:41 AM PDT by ogen hal (First amendment or reeducation camp?)
[ Post Reply | Private Reply | To 24 | View Replies]

To: pabianice

As regards the Big Lie technique, just how many times doe bald-faced lies have to be repeated before enough voters — to select 270 electors — believe them? This is how many times we will be fed this bullsh!t between now and November...(Prepare Thyself accordingly — perhaps with a good set of ear plugs, or?) Alas! “God Save America!”


26 posted on 05/04/2012 10:39:32 AM PDT by faithhopecharity (remember when "Four more years!" was a credible campaign slogan for an incumbent?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice

According to Progressive / neo-Marxist thinking, without government, people would die of starvation, even forget how to breath.

According to this view, from whatever arbitrarily chosen low point was employment in the past, all the increase since then is due to the government. (So was all the employment at that low point, but claiming that would too clearly expose the Progressive / neo-Marxist thinking.)

The contrary position is that a free-market economy tends, over the long run, to generate enough jobs so that we wind up with full employment, approximated as 4 - 6 percent unemployment. This happens through the “spontaneous order” of the marketplace.

Sometimes this is characterized by “Supply creates its own demand,” as said by the French economist Jean-Baptiste Say.

The way this works is as follows: Let’s say a new person slips into the economy from another dimension. The person, a he, she, both or neither, as who knows the sexuality of such persons, takes a job away from a hard-working American or perhaps even creates a job from nothing by opening a business.

This entity earns money and either spends it or saves it (Things get a little more complex if we assume the entity directly consumes the money, taking the money out of the money supply, and I could pursue the consequences of such disappearances of money, but not on this thread.)

To the extent the entity spends it, she / he or it (pronounced “she-he-it”) pumps demand into the marketplace as would support another job.

To the extent the entity saves the money, the financial system invests the money on the entity’s behalf, likewise pumping demand back into the marketplace.

Either way, like I said, supply creates its own demand.

Obviously, there’s the business cycle, and this “supply creating its own demand” thing doesn’t always happen. There are times when production of particular things gets out of kilter with demand for those things. For example, too many people making doo-hickies as compared to the demand for those rascally things, causing people in the doo-hickie industry to lose their jobs and investments.

If there’s a healthy profit motive out there, the existence of unemployed people and capital equipment, along with low interest rates, will spur the entrepreneurs amongst to start new businesses and get the economy back up to full employment.

Only, thanks to Mr. Big Ears in the White House and others like him, profits have been made into an evil thing, and are at the risk of being subject to confiscatory taxation and regulation. Hence, none of those bad entrepreneurs are getting us out of the tough times we’re in.

But not to worry, under Hebert Hoover and FDR, the economy languished in under-employment for twelve years. So, being only four years into this period of depressed economic conditions, we have many more years of this stuff to look forward to. And, the answer to that other extended period of depressed economic conditions was a world war, genocide, and mass bombings culminating in the dropping of two atomic bombs.

Such is the power of government!


27 posted on 05/04/2012 10:40:37 AM PDT by Redmen4ever
[ Post Reply | Private Reply | To 1 | View Replies]

To: All
LIAR!
28 posted on 05/04/2012 10:41:34 AM PDT by Prov1322 (Enjoy my wife's incredible artwork at www.watercolorARTwork.com! (This space no longer for rent))
[ Post Reply | Private Reply | To 1 | View Replies]

To: Redmen4ever

Great thoughts come from Great Thinkers. A Salute to a Great Thinker. Preparation was underway twelve years prior to the four years endured. May the preparation have been enough.


29 posted on 05/04/2012 10:45:53 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Prov1322

Yes, yet again while the media struggles to cover for and covers up also his many, many goofs.


30 posted on 05/04/2012 10:46:25 AM PDT by apocalypto
[ Post Reply | Private Reply | To 28 | View Replies]

To: pabianice
Is there a published source that shows the actual number of full time jobs that existed in the month Obama took office compared to the actual number of full time jobs that exist today?
31 posted on 05/04/2012 10:47:13 AM PDT by JIM O
[ Post Reply | Private Reply | To 1 | View Replies]

To: JIM O; pabianice
whew ... that one may perhaps be elusive, as in, the elusiveness of the truth (on the web) regarding the life and times of zer0. Have not researched that question FRiend, and have doubts (speaking for myself and not pabianice) anything of that nature exists (on the web). Too much censorship imho of zer0 and what zer0 has done.

I too would like to know the answer to your question. Would be good info to move forward with and not in the zer0 slogan of Forward.

32 posted on 05/04/2012 10:57:09 AM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: pabianice

The employment percentage is down because Obama is playing with the numbers.


33 posted on 05/04/2012 10:57:30 AM PDT by Red Steel
[ Post Reply | Private Reply | To 1 | View Replies]

To: no-to-illegals

The Truth will out eventually. It may take 100 years but it will come out.


34 posted on 05/04/2012 11:19:21 AM PDT by Wordkraft (Remember who the Collaborators are.)
[ Post Reply | Private Reply | To 24 | View Replies]

To: pabianice
Obama: "We've created 4.2M new jobs in the past 26 months

4.2M jobs...really? Where? Finland? China? Mexico? Which is where our STIMULAS MONEY went....

35 posted on 05/04/2012 11:29:50 AM PDT by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice
Yes - 4.2 million jobs have been created in the last 26 months.

But - the population grew by 6.5 million.

That's a Labor Participation Rate of 64.6% for Obama’s BEST 26 months.

The LPR average since 1990 is well above 66%.

We have more people to support.

And fewer people to pay the bills.

36 posted on 05/04/2012 11:35:32 AM PDT by zeestephen
[ Post Reply | Private Reply | To 1 | View Replies]

To: pabianice
Obama: "We've created 4.2M new jobs in the past 26 months"

Too bad none of them are in the private sector.

37 posted on 05/04/2012 12:40:07 PM PDT by Joe Brower (Sheep have three speeds: "graze", "stampede" and "cower".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ogen hal
Is today opposite day? Up is down. In is out. Little is big.

Gosh, did not think it was that obvious. You nailed it. Got a crowbar or claw-hammer handy? These naily thingys do not belong in the flesh. No offense FRiend. Just having some fun.

38 posted on 05/04/2012 1:15:23 PM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
[ Post Reply | Private Reply | To 25 | View Replies]

To: pabianice; Quix; Alamo-Girl; M. Espinola; whitedog57; stephenjohnbanker
Everything King 0 says is BS:

95 Percent Of The Jobs Lost During The Recession Were Middle Class Jobs !

Obama is also a Muslim despite his obvious lies about his beliefa . . .

The Muslim Brotherhood in America

39 posted on 05/04/2012 1:45:23 PM PDT by ex-Texan (Ecclesiastes 5:10 - 20)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jeffc

Stupid Smith is the worst member of the FNC cast.


40 posted on 05/04/2012 1:54:48 PM PDT by Prole (Please pray for the families of Chris and Channon. May God always watch over them)
[ Post Reply | Private Reply | To 7 | View Replies]

To: pabianice

4 million new jobs...IN CHINA!!!!


41 posted on 05/04/2012 3:17:10 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ex-Texan

Thanks for the ping!


42 posted on 05/04/2012 9:07:01 PM PDT by Alamo-Girl
[ Post Reply | Private Reply | To 39 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson