Posted on 02/07/2011 7:53:15 AM PST by jmaroneps37
“Awesome news! If we can create 360,000 more,,, we,ll be at 0%!”
Worth repeating.
This can’t be true I just saw the real numbers on MSNBC (it was on in a bar) and Bill Clinton created 22 million jobs, GW Bush only 1 million and the great Obama 1.5 million in just under two years.
Here is a simpler, logical way to think about it. The unemployment rate went from 9.4% to 9.0% with the addition of 36k jobs, so that would imply that for every 9k jobs added, the rate goes down by .1%, holding everything else equal. So, using basic math, for a 1% drop in the unemployment rate, the economy just needs to add 90k jobs and thus to get the rate down from 9%, to a preposterous 0% full employment, never been reached before level, the economy just needs to add 810k jobs. Ok, sounds simple enough, but here is the part where our minds get blown, according to B(L)S’ report, there are 13.9MM unemployed people, so if 810k jobs get added (and thus take unemployment to absolute zero, according to our calculations above), we’ll still have 13.1MM people unemployed. That’s right, using the B(L)S’ math, 13.1MM unemployed people equals a 0% unemployment rate which only makes sense in the land of Make Believe or Art Laffer’s head. Perhaps it’s a derivative of the Heisenberg uncertainty principle, we’ll call it the Hildasolis uncertainty principle where the more you know the unemployment rate the less you know the number of unemployed. So just step back from the numbers and think about this for a second (and then step back from that and think about this for a few hours).
I’m getting this strange case of bizarre-o flashback.
Government reports in this country look an awful lot like the stuff that came out of Pravda in the 60’s and 70’s.
And, ironies of all ironies, it appears that one can get more accurate news from Pravda now than from CNN or the networks.
Obama press releases could be translated into Russian, re-dated to the 60s, and be passed off as Politburo press releases of that time.
Well, nuts. I always thought Democrats did a lousy job of it. I guess I’ll just have to change my mind about that. (hehe)
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