Posted on 09/07/2012 5:33:38 AM PDT by xzins
I am sensing lately that CNN is beginning to pull slightly away from the left. Can't say why, but it is going towards the middle. At least I can say that they have become more fair in their coverage, more like they used to be, back in the beginning.
My father, who is very liberal, refuses to watch them anymore, preferring, of course, MSDNC.
As we speak, someone at the White House is trying to figure out how to get more people to drop out of the job market so the can get the unemployment figure under 8%.
In their early years, I was with a Spec Ops unit in the Army, and CNN was on 24/7 in every HQ in our unit. If something was happening in the world, they seemed to be on top of it.
They were also on just about every conservative TV as well. They were a welcome relief from the liberal talking heads, because they’d challenge conventional wisdom.
They they got involved in market share and left objectivity in the dust.
Hoping to gain market share, they instead lost it big time.
I suppose they’re trying to get it back now by moving to the center a bit. I’m glad they are, but I don’t trust them. Don’t trust Fox and Murdoch either.
Obama The Messiah, the WON!, told us in early 2009 that all we had to do was give him $1.4 TRILLION TAX DOLLARS to pass out to his cronies, and unemployment would magically be just 5.3%, RIGHT NOW!
Some of us tried to explain that this was all Unicorns and bullshit, that the “plan!” had no way of working, but we were ignored.
Worse, we were LAUGHED AT, and called racists, for daring to say this.
We were told that we only hated Obama’s jobs plan because HE WAS BLACK, and that we wanted him to fail
WE KNEW HE WAS GOING TO FAIL....
The change in total nonfarm payroll employment for June was revised from +64,000 to +45,000, and the change for July was revised from +163,000 to +141,000.
Changed it now to be more accurate surprisingly, but their info blurb under it on the main page still isn’t.
Yes, this report stinks to high heaven. 400,000 out of labor force is a tidal flood. That is NEVER a good sign; so many people leaving the labor force are pretty much a leading indicator of job loss.
Even 96K is bad on its own — but how do you say that 96K is all smokes and mirrors?
Dang, the FoxNews.com headline is AWESOME on this. It just rips the report and ties it to Biden saying the economy turned the corner.
This diversion is so they can inch their way to below 8% just in time to anoint the commie muslim scumbag.
They actually are doing a good job at least online on this. Surprising how negative they are.
Because both the labor force and the participation rate declined.
The declining force and partcipation means that there are fewer people working not even 1 more person working, certainly not 96,000.
So, what are the 96,000 jobs if the number of working and the rate of people working is less? Perhaps they are new jobs created, as in obama’s “created or saved”.
So, if I lose 10 General Electric jobs and create 1 McDonald’s job that wasn’t there before, then I can report “1 job created”, even though in total I have 9 fewer jobs.
Thanks for the answer!
I thought the labor force didn’t include people who were working, they included people who wanted to work. So, theoretically, it’s possible that a bunch of people who weren’t working dropped their job search altogether?
IMO, it’s possible the report represents another wave of 99ers who had to say they wanted to work for two years but never intended to go back to working in the first place.
Even Yahoo News is telling the truth about why the rate dropped high in the article. Really surprising.
If I have 10 people working, I presumably have 10 jobs for them to work in.
But, let’s say one of them is my cousin-in-law who drinks coffee, reads in the restroom all day, and is only there because I don’t want to hurt my cousin’s feelings.
How many “jobs” do I really have?
Excellent point. The people who drop out of the labor force must be getting their sustenance from somewhere.
Nobody’s given up. They just know nobody’s hiring. When they hear somebody’s hiring, they’ll apply. All they’ve done is run out of unemployment benefits.
Last month, according to this report, there were 12.5 million people who did not have job slots.
Lots of slots get filled right away because they are not going away. Presumably, lots of slots get created (96,000 last month). Apparently, lots of slots go away either temporarily or permanently.
I could have 10 slots but find it more cost effective to keep only 8 workers and give each of them 50 hours a week instead of filling the other 2 slots.
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