Scary: Obama Appointed the Jobs Number Cruncher; Scarier: Her Resume

Townhall ^ | 10/09/2012 | Charles Payne

[SeekAndFind]

First, I'm a grandfather for the first time, and it's an amazing blessing. The country my granddaughter has come into is at a very dangerous point. The economy is teetering, but Main Street is being told it's all okay. What's problematic is the rapid decline in the last year. That unemployment rate number on Friday was a total farce, but even if it was completely honest, 7.8% is way too high for an economy that supposedly turned the corner a long time ago.

The number doesn't jibe, with an economy growing at 1.3%. The only honest aspect of the report was that more people were entering the work force, but I guarantee a new line of questioning accompanied the Household Survey. Few people know that President Obama placed a former contract negotiator and union steward to run the Bureau of Labor Statistics.

Erica Groshen taught Statistical Methods for Economists, Trade Unions, Collective Bargaining, and Public Policy at Harvard. Although she calls herself "nonpartisan," rumblings about sending her children to a communist summer camp coupled with her left-leaning teachings have many worried. Of course, the Left uses the victim-race card, saying Nixon pushed all the Jews out of BLS, so it's about time. This is scary stuff.

What was real in the Friday number was private sector job creation at 104,000, below consensus and less than half where it was a year ago.

Manufacturing continues to shed jobs, and temp work is exploding. This is a shadow of what America is really all about. But, this is how nations morph when the focus is on squeezing the gap between rich (and the so-called rich) and poor, by browbeating the former, while spreading crumbs to the latter.

If Socialism is So Great, Why all the Cheating?

Just as I'm sure Friday's jobs numbers were manipulated by the administration, Hugo Chavez was able to cheat Henrique Capriles. Hugo Chavez, whose ham-fisted socialist approach has reduced welfare and poverty while erasing real opportunities for real prosperity, more than likely stole the election, which posed the greatest threat to his 14 year run to date. He has nationalized businesses and usurped the power of Congress and courts ... sound familiar? Considering all the oil Venezuela possesses, it's a shame the nation continues to struggle. The fix was in from the beginning, but I read lots of interviews where poor people waited as much as six hours for the chance to vote out another great redistributionist.

For me, that's a great sign. While some poor people are okay with being bought off, others want real opportunities, not handouts. Some understand ripping down wealth created by others limits the chances they could have real wealth or real opportunities other than being wards of the state.

************

Charles V. Payne is a regular contributor to the Fox Business and Fox News Networks. He is also the Chief Executive Officer and Principle Analyst of Wall Street Strategies, Inc. (WSSI), founded in 1991 which provides subscription analytical services to both individual and institutional investors

[listenhillary]

Erica Groshen was nominated, but as far as I know never appointed. Kind of a buzz kill for the writer of the article I would think.

They have an acting director.

[listenhillary]

The only BLS employee appointed by the White House is the commissioner, who serves a fixed four-year term and operates independently of the White House. The job is vacant but is being handled by Acting Commissioner John Galvin, a career official who has worked at the BLS for 34 years.

President Barack Obama has nominated Erica Groshen to be commissioner. But she hasn’t been confirmed by the Senate.

http://abcnews.go.com/Business/wireStory/government-compiles-jobs-report-17409383

[st.eqed]

On the surface the numbers seemed cooked. I hope somebody does an independent study on the real unemployment rate. And also under employment.

[wesagain]

"If Socialism is So Great, Why all the Cheating?"

Common sense......like " if Obama had a real birth certificate, why did he spend 1.5 million dollars on attorneys to keep him from having to produce it???

[Churchillspirit]

I really like Charles Payne.

One day last week he took over from Stuart Varney for the last segment of Varney's show and started by saying...."No, do not adjust your sets, Stuart has left early today".

[ully2]

As is always true with this stuff you have to look at the numbers behind the numbers.

[OB1kNOb]

On the surface the numbers seemed cooked. I hope somebody does an independent study on the real unemployment rate. And also under employment.

John Williams does just that. He calculates unemployment the way the government use to report it before they started really manipulating the numbers. His calculation is the blue line below.

Shadowstats.com

Alternate Unemployment Charts

The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.

[sam_paine]

First, I'm a grandfather for the first time, and it's an amazing blessing. The country my granddaughter has come into is at a very dangerous point. The economy is teetering, but Main Street is being told it's all okay. What's problematic is the rapid decline in the last year. That unemployment rate number on Friday was a total farce; but even if it was completely honest, 7.8% is way too high for an economy that supposedly turned the corner a long time ago. The number doesn't jibe, with an economy growing at 1.3%. The only honest aspect of the report was that more people were entering the work force, but I guarantee a new line of questioning accompanied the Household Survey. But Few people know that President Obama placed a former contract negotiator and union steward to run the Bureau of Labor Statistics.

WHY NOT JUST TELL US:

First, that 7.8% unemployment rate number from Friday doesn't jibe with an economy growing at 1.3%. But it may make more sense if you were aware that President Obama placed a former contract negotiator and union steward to run the Bureau of Labor Statistics.

The first paragraph is obnoxious. The rewrite is an actual introductory paragraph that's just as informative and can convince someone that the rest of the story won't be a waste of time. Why can't we just get the facts and not have to wade through an author's dinner conversation, family history or inane dream last week? Shakespeare suggested killing all the lawyers, not the editors.

[Red Badger]

Temp work is ‘exploding’ because of OBAMACARE. Small business have to get their fulltime employee count under 50 to avoid fines.................

[Churchillspirit]

The first paragraph is obnoxious.

Why?

I see nothing wrong with the writer pointing out the state of this country into which his granddaughter has been born.

[panaxanax]

“I really like Charles Payne.”

I used to, also. That is until I heard him say that he voted for 0bama in a Glenn Beck interview.

Since then, when he talks I turn down the sound.

[bronxville]

The paragraph you ripped apart is what it’s all about for Romney, and the rest of us. It’s our children, and grandchildren who will be left holding the bag.

[Churchillspirit]

Yes, it is sad that even an intelligent man like Payne was duped by The Imposter.

I very much doubt he will vote for him this time.

[saturn]

Just heard olive garden is turning full time employee’s into part time employee’s , for the reason you just posted, way to go.

[bronxville]

Special Report from Americans for Limited Government on

Erica L. Groshen, Nominee for Commissioner of theBureau of Labor Statistics July 2012

Introduction

Erica L. Groshen has been nominated to be the Commissioner of the Bureau of LaborStatistics (BLS). Research conducted by Americans for Limited Government (ALG) hasuncovered problems with Groshen’s background and views that call into question herqualifications to be the BLS Commissioner. The first part of this report deals with herquestionable association with a Communist founded camp. The second part is our alertconcerning her troubling statements on the amount of regulation to which smallbusiness should be subject.

Groshen’s Ties with Camp Kinderland, a Communist Founded Institution

Groshen and her husband are listed in the Kinderland Directory 2011-2012, whichindicates that they sent children to the camp during the 1990’s and 2000’s.

Groshenand her husband also gave an update for Kinderland’s newsletter that details their children’s current activities.

Given the history of the camp one might wonder why a person who touted herself as non-political would send their children there. Camp Kinderland was founded in the 1923 as a place for the children of radical Jewish activists. As proudly stated on its website, “Camp Kinderland is true to the vision of its founders.”
http://www.scribd.com/doc/100511043/Erica-Groshen-Report

A full report on Erica Groshen at the link. Kinderland was very involved in the preparations for an Occupy movement. Obamov is obviously rewarding her for being a great comrade.

[Red Badger]

As will many other companies. You notice that the employment drop was a result of a sudden increase in PART TIME employment, now you know why........

[GraceG]

Yes, it is sad that even an intelligent man like Payne was duped by The Imposter.

I very much doubt he will vote for him this time.

Obama was going up against the wet old withered noodle of McCain...

I can see how someone would vote for Bammy, and then shortly later have massive buyers remorse.

[GraceG]

Just heard olive garden is turning full time employee’s into part time employee’s , for the reason you just posted, way to go.

So is Barnes and Knoble and City Market becasue I know this from friends who work at these places.

[moovova]

Why does this not surprise me. There’s something incestuous about this administration.