Posted on 09/06/2010 7:56:01 PM PDT by blam
The White House Attempts To Refute The Scariest Jobs Chart Ever
Joe Weisenthal
Sep. 6, 2010, 5:47 PM
You've certainly seen the chart that we've dubbed The Scariest Jobs Chart ever, which shows how meager the jobs recovery has been since the start of the recession, compared to other recessions.
Here it is, in case you've forgotten what it looks like (via Calculated Risk).
Image: Calculated Risk
According to The White House, this is the wrong way to look about it.
A post on the White House blog offers up a chart they'd prefer you to use.
The idea: If you line up employment at the economic troughs (i.e. the beginning of the recovery), then you'll see that this recession is above average in terms of the time it took to return to job creation.
Here are the two charts they show:
Image: The White House
Image: The White House
First off, neither of the recoveries are nearly as impressive as 1982, but that's okay, and well known.
Secondly, only the second chart -- hours of production -- shows a return to growth that's at all above "trend" if trend is defined as merely the 1991 and 2001 recessions.
What's more increased hours of production is consistent with an economy that's hiring less, but getting more productivity (up until recently) from the existing workforce.
But beyond that, we don't think you can just ignore the steepness of the decline leading into the trough. We may be creating employment hours faster than in 1991 and 2001, but the decimation just wasn't nearly as bad.
In the end, with this stuff, you can torture the data to get any story you want. But the jobs situation really is as bad as advertised...
[snip]
(Excerpt) Read more at businessinsider.com ...
The White House might not be good at much, but they sure know how to polish a turd.
I’m sorry, but I have no idea how anyone could possibly hope to identify “the beginning of the recovery” until well after the recovery had begun. And we clearly aren’t at that point.
They have had plenty of experience...
I hear Dr. Michael Mann would be willing to draw up another one of his hockey stick graphs for the White House to prove that the “recovery” is as real as AGW.
"There are lies, damn lies and statistics"
No wonder BARK 0bambi sent Sir Winston's bust back to the UK.
Here it is in Churchill's own words...
How dreadful are the curses which Mohammedanism lays on its votaries! Besides the fanatical frenzy, which is as dangerous in a man as hydrophobia in a dog, there is this fearful fatalistic apathy.We can't let that go unpunished now can we?The effects are apparent in many countries. Improvident habits, slovenly systems of agriculture, sluggish methods of commerce, and insecurity of property exist wherever the followers of the Prophet rule or live.
A degraded sensualism deprives this life of its grace and refinement; the next of its dignity and sanctity. The fact that in Mohammedan law every woman must belong to some man as his absolute property, either as a child, a wife, or a concubine, must delay the final extinction of slavery until the faith of Islam has ceased to be a great power among men.
Individual Moslems may show splendid qualities, but the influence of the religion paralyses the social development of those who follow it.
No stronger retrograde force exists in the world. Far from being moribund, Mohammedanism is a militant and proselytizing faith. It has already spread throughout Central Africa, raising fearless warriors at every step; and were it not that Christianity is sheltered in the strong arms of science, the science against which it had vainly struggled, the civilization of modern Europe might fall, as fell the civilization of ancient Rome.
-- Sir Winston Churchill (The River War, first edition, Vol. II, pages 248-50 [London: Longmans, Green & Co., 1899]).
Obama has a two-stage recovery plan -
(1) Spend more money we don’t have
(2) Blame the Republicans
Talk about no new ideas.....
That one wasn’t Winston’s. It’s been wrongly attributed to Disraeli. The original source is really unknown. Mark Twain used it here often.
The list, ping
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The 'Stimulus Bills' were a complete hoax. They simply funded corrupt democrat party public sector unions. Obama and Congress will continue to punish, lie, cheat and steal until they drag all of us all into a deep, undeniable abyss!
Liar = Obama.
Cheater = Feds.
Thief = Congress.
Con artist = Piss-Stream Media.
Throw 'em all out.
Unless any of you folks are in the real estate business like myself, you have no idea how un-recovered the economy is. I have not seen so much despair and depression. Even the old timer landlords are besides themselves. Nobody has seen things this bad for this long with absolutely no sign of letting up.
This employment recession is likely going to last much longer than barak will be in office.
Oh we don’t have to be in the real estate biz. In all seriousness, talk to somebody in the business of selling new cars to find some real hopelessness.
I have noticed that nothing is selling here in OK. It is grim.
I am stealing this to post.
| U-6 unemployment | ||||||||||||
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2000 | 7.1 | 7.2 | 7.1 | 6.9 | 7.1 | 7.0 | 7.0 | 7.1 | 7.0 | 6.8 | 7.1 | 6.9 |
| 2001 | 7.3 | 7.4 | 7.3 | 7.4 | 7.5 | 7.9 | 7.8 | 8.1 | 8.7 | 9.3 | 9.4 | 9.6 |
| 2002 | 9.5 | 9.5 | 9.4 | 9.7 | 9.5 | 9.5 | 9.6 | 9.6 | 9.6 | 9.6 | 9.7 | 9.8 |
| 2003 | 10.0 | 10.2 | 10.0 | 10.2 | 10.1 | 10.3 | 10.3 | 10.1 | 10.4 | 10.2 | 10.0 | 9.8 |
| 2004 | 9.9 | 9.7 | 10.0 | 9.6 | 9.6 | 9.5 | 9.5 | 9.4 | 9.4 | 9.7 | 9.4 | 9.2 |
| 2005 | 9.3 | 9.3 | 9.1 | 8.9 | 8.9 | 9.0 | 8.8 | 8.9 | 9.0 | 8.7 | 8.7 | 8.6 |
| 2006 | 8.4 | 8.4 | 8.2 | 8.1 | 8.2 | 8.4 | 8.5 | 8.4 | 8.0 | 8.2 | 8.1 | 8.0 |
| 2007 | 8.3 | 8.1 | 8.0 | 8.2 | 8.2 | 8.2 | 8.3 | 8.5 | 8.4 | 8.4 | 8.5 | 8.8 |
| 2008 | 9.1 | 8.9 | 9.0 | 9.2 | 9.7 | 10.0 | 10.5 | 10.9 | 11.2 | 11.9 | 12.8 | 13.7 |
| 2009 | 14.0 | 15.0 | 15.6 | 15.8 | 16.4 | 16.5 | 16.4 | 16.8 | 17.0 | 17.4 | 17.2 | 17.3 |
| 2010 | 16.5 | 16.8 | 16.9 | 17.1 | 16.6 | 16.5 | 16.5 | 16.7 |
Source: How to Lie with Statistics by Darrel Huff, W. W. Norton and Company, New York, London, 1954.
Please post charts and stats regarding Obama
February 14, 2010
Posted on 02/14/2010 6:41:13 PM PST by Jet Jaguar
http://www.freerepublic.com/focus/f-bloggers/2451468/posts
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