Posted on 10/18/2012 11:17:17 AM PDT by Nachum
Following today’s report on the increase in applications for U.S. unemployment benefits, CNBC’s Rick Santelli decided to take on the Obama campaign and its claim that the president has created “five million jobs.”
“You can slice it any way you want!” Santelli shouted in his inimitable style. “The president was sworn in in mid-January of ’09.”
“If I go back and look at nonfarm — and I have all the data! — actual nonfarm payrolls, the establishment survey, the headcount survey, and I take the 818 minus thousand from January,” he added, referring to the monthly job loss numbers the president encountered when he was inaugurated, “he wasn’t sworn in until the middle of the month. Do the math!”
“You know what the math is? It’s a push. It’s a push. There’s zero jobs created. It’s a push. If you look at the minuses and the pluses, it’s a push!”
By “push” Santelli means “null” and/or “draw,” that is, zero.
“So where do they get all these numbers and they’ll say, ‘well, they were going down for’ — listen: whether it’s [Chicago] Cub managers or the president, January of ’09 to today, throw out January, it’s a push, basically zero.”
(Excerpt) Read more at theblaze.com ...
That's why they call him 'Zero'
I have a theory about the anomalous jobs report figures. A few weeks ago, before the report came out, there was a minor news story on the national wires about expected seasonal job hiring for the holidays. I thought it was peculiar at the time that they aired such a story since it seemed premature for making such pronouncements. We usually hear it after Halloween and before Thanksgiving. At the request of the White House, the dept of labor stats may have rolled these “projections” into the mix to inflate the numbers. For what it’s worth.
Go Santelli!!
Regardless of the number of jobs that were “created”, it was greatly exceeded by the number of jobs that were ABOLISHED by both executive decree and excessive regulation.
And not insignificant jobs either - many were in the energy extraction and delivery industries, like the Keystone pipeline and the shutting down of natural gas and petroleum production in the Gulf of Mexico.
The excessive regulation as applied to coal mining and the power plants powered by coal, particularly the declaration of carbon dioxide as a “pollutant”, has gone over the top.
Obama lost 5 million jobs.
Last time I checked the DoL website, there were 133 million jobs. In 2008 there were 138 million jobs.
I love that guy!
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