Skip to comments.Obama: "We've created 4.2M new jobs in the past 26 months"
Posted on 05/04/2012 9:42:15 AM PDT by pabianice
"... and the jobless number is down again."
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.
I honestly do not think he should include recruiting numbers for Al Qaeda in that declaration...
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?
Where did he say U6 WAS the unemployment rate?
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.
To me, it means 365,000 more people were now unemployed.
The U.S. BLS measures six types of unemployment, U1U6.
U6: U5 = Part-time workers who wish to work full-time, but cannot due to ECONOMIC reasons.
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?
And the actual number of unemployed persons rose by 7 million in the past 26 months.
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.”
They must be counting the snow jobs.
He created 4 million composite jobs
Just where in the hell does he get such numbers?...
He pulls them out outta his @$$hole...
...and China thanks you.
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.
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.
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
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.
Is today opposite day? Up is down. In is out. Little is big.
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!”
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!
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.
Yes, yet again while the media struggles to cover for and covers up also his many, many goofs.
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.
The employment percentage is down because Obama is playing with the numbers.
The Truth will out eventually. It may take 100 years but it will come out.
4.2M jobs...really? Where? Finland? China? Mexico? Which is where our STIMULAS MONEY went....
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.
Too bad none of them are in the private sector.
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.
Obama is also a Muslim despite his obvious lies about his beliefa . . .
Stupid Smith is the worst member of the FNC cast.
4 million new jobs...IN CHINA!!!!
Thanks for the ping!
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