Skip to comments.Saint Obama Performs another Miracle by Making Unemployment Recede (Excellent article)
Posted on 10/06/2012 12:45:06 AM PDT by JohnHuang2
Magically and providentially, Obama has enjoyed the largest one-month drop in unemployment since he got elected thanks to the greatest single month of job creation since 1983- all just weeks before ballots hit for his reelection bid.
The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, reports the Associated Press a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign.
Yeah; were all REAL surprised by this.
According to the AP, Jack Welch, the retired former CEO of General Electric, said on Twitter: "Unbelievable jobs numbers ... these Chicago guys will do anything ... can't debate so change numbers."
(Excerpt) Read more at finance.townhall.com ...
Liberals are breathlessly stunned, aghast and dismayed that anyone would question numbers from an administration that gave us an $800 billion "stimulus" that "saved or created" jobs in districts which didn't exist; that insists there's no inflation; that claimed Benghazi was caused by a movie trailer about a film that didn't exist.
As proof that no one would ever, ever cook the books at the Labor Department, the media spent all day Friday citing the words of Secretary Hilda Solis, a Democrat appointed by Obama who runs the Labor Department. That should settle the matter.
Solis hysterically denied her department cooked the books for purely political reasons, insisting the household survey showed 873,000 jobs suddenly appeared last month in a stagnant economy. Stagnant economies have a knack for doing this -- creating almost a million jobs just before an election.
Appearing on CNBC, Solis simultaneously claimed she felt insulted by accusations that her numbers were cooked while insisting she had no hand in the work product. She said "we have top, top economists that work at the BLS. They've been doing these calculations."
These are the top, top economists who, every week, mysteriously underestimate the number of first-time jobless claims, allowing these top, top economists to make it look like the current week's jobless claims are an improvement from the prior week's. These top, top economists routinely miss estimates -- you can trust them.
The Labor Department's top, top economists estimated that in July their household survey showed the economy lost 195,000 jobs, then lost another 119,000 jobs in August, but magically created 873,000 jobs in September (most of them recruited to help Obama prepare for the next debate). Just two weeks ago, BLS's top, top economists claimed they found another 450,000 jobs than previously estimated in the last year. Hence, this allows these top, top economists to produce the current 7.8% jobless rate, which just so happens to match the unemployment rate when Obama was sworn in. Another coincidence.
But move along, you conspiracy junkies, nothing to see here ...
My Two Cents...
Saturday-morning ping! Have a great weekend, y’all!
That does it. Barry’s got MY vote!
Have a great weekend yourself, John!! :)
Yippeee! It’s so good to see you jump back into the fray!
Today’s unemployment number certainly was.
I don’t expect it to last........AFTER the election.
SO good to see you!
“Saint Obama Performs another Miracle by Making Unemployment Recede”
I dunno why...I just love that title.
Thank you! ;o)
Any article quoting Father Guido Sarducci is A-OK in my book.
Who needs jobs!? That’s SO old-fashioned!
Relax and go play with your free ObamaPhone. Use it to order some free pizza delivery using your free Food Stamps. You can enjoy watching Obama’s campaign speeches on the Oprah show on your free HDTV set in your free-rent house.
Relax, stop all your worrying, fretting, and bitching about “jobs” all the time! Hogwash!
A number of months ago Rick Santelli of CNBC predicted that in October or November the BLS would report an unemployment rate less than 8%. He based his prediction solely on politics.
Hey, Obama promised to make government transparent. There’s nothing more clearer about what the government is doing than these numbers.
Good to see u JH2
Heritic, Apostate, Fool, Clown!
Don’t you realize that The Lord Obama has come down to earth to bring us our socialist salvation?
You must accept him as your personal Lord and Savior! He is the Teleprompter Jesus!
There is nothing that the Commie Dear Leader does anymore that surprises.
Article i read on Bloomberg said temporary jobs which i acknowledge is a reality in this sad economy but suddenly all at once? The number could be real. Obama & company could have had a hand in that,asking friends to hire temps. I’d love to see the breakdown. Whether a few companies hired lots of temps at once. It may be manipulation as opposed to blatant lying.
It was boosted by part time jobs handing out Obamaphones.
We need to move past the debate gloating and find a way QUICK to get ahead of the 7.8%, because yes, Americans are that stupid...it is fact unless we can show them simply.
We all know this and it is a waste of time if Romney can’t explain it...20M fewer jobs means 0bummer shrank the economy...his ads need to show pictures of closed businesses, boarded up houses, and mention to get 7.8% with this many people on foodstamps, welfare, and selling their kids clothes (show yard sales and Ebay)...end the ad with, (how does that 7.8% unemployment feel to ya?)
It is typical that temporarily hiring goes up as the holiday season approaches, especially in the retail sector. Then on January, all of these people will be looking for jobs again. Barach’s administertion will try to delay those numbers (unemployment) for as long as possible. At least until after the election
Jobless claim was wrong. We’re actually at 0% unemployment. /s
Woohoo - a real JohnHuang2 post - cheers and great to see you again.
In September, 2.5 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (These data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.
One just needs to go to the BLS to find the answer.
Oh...I forgot to add ...
This is clearly stated as not seasonally adjusted. So that means the holiday hiring has NOT been calculated into the numbers like normal.
It’s all deception. Plus all the layoffs the government had the contractors not announce and violate the law...
Cooked the books they did.
“Liberals are breathlessly stunned, aghast and dismayed that anyone would question numbers from an administration that gave us an $800 billion “stimulus” that “saved or created” jobs in districts which didn’t exist; that insists there’s no inflation; that claimed Benghazi was caused by a movie trailer about a film that didn’t exist.
As proof that no one would ever, ever cook the books at the Labor Department, the media spent all day Friday citing the words of Secretary Hilda Solis, a Democrat appointed by Obama who runs the Labor Department. That should settle the matter. “
Great rant, JohnH.
I have been told by an economics friend that the this type of change in unemployment is only consistent if there is 4% growth or so in GDP.
Do you think that this feels like 4% growth, despite $4+ gasoline and ballooning food costs? Nope - I don’t either.
I don’t know why this is so hard to figure out. Out of the new 863,000 temporary workers, 800,000 are illegals that have been made “legal” by Obama’s disregard of American law, and 60,000 are the one his campaign pays to attend campaign events around the country and will later on vote multiple times in swing states.
The USSA is beginning to resemble the USSR in the “official stats” dept.
“GRAIN HARVEST SMASHES RECORD!”
(In the middle of a famine.)
and: 'We've always been at war with Eastasia'
you need only three
not in Sept. not even
Thank you so very much for your wonderful essays!
Your input is great as always...Welcome back!