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Fed and Congress Signal Trouble, Putin Defends Russia, ISIS War
USAWatchdog ^ | 12/19/2014 | Greg Hunter

Posted on 12/19/2014 12:38:05 PM PST by GilGil

My top story is the economy, and I think the Fed and Congress just signaled that something is seriously wrong, and it’s going to get worse. First off, the Federal Reserve just came out and said that it was going to be “patient” when normalizing the monetary policy. I know Wall Street is jubilant and the stock market spiked on the news, but I think this is really ominous, and it is nothing to be celebrated. To me, that means don’t expect the Fed to raise interest rates anytime soon because the economy is much worse than what they are telling you.

(Excerpt) Read more at usawatchdog.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government
KEYWORDS: china; derivatives; dollar; russia
When I heard the Fed was not raising rates, I immediately thought this was odd because unemployment is so low. Whenever unemployment has been low rates have always gone up. Then there is the question why 60 million are on food stamps when unemployment is so low. Or why the participation rate has sunk to 93 million; or here is another one for you. 6 years ago 157 million people were working. Today that figure is 130 million are working and many of those are part time. Where did the 27 million go? Could this be why the Fed is not raising rates?
1 posted on 12/19/2014 12:38:05 PM PST by GilGil
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To: GilGil

Unemployment is not low. What it means is that new people applying for unemployment is down slightly because others have given up or their benefits have already run out.

It’s just like how BLS lies with statistics.

The participation rate and food stamps tell you more of the truth than the ridiculous unemployment smoke and mirror.


2 posted on 12/19/2014 12:42:10 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: SaveFerris

I remember 6 years ago there were 157 million working.

Today it is less than 130 million.

Honestly, where did the 27 million go? That is a lot of people.


3 posted on 12/19/2014 12:48:15 PM PST by GilGil
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To: GilGil

Unemployment is not low. That is a lie.
We are down some 5 million jobs from when Obama won his first election - in a growing population.

The total number of jobs in America today is now over 4 million fewer than when Bush was last in office.

How is unemployment ‘lower’?


4 posted on 12/19/2014 1:04:37 PM PST by Bon mots (American Exceptionalism becomes American Acceptionalism under this regime... :()
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To: Bon mots
It seems that there is considerable confusion with regard to the labor force and the labor force participation rate - the only remaining accurate measure for counting unemployment/employment.

The unemployment rates (all 6 of them) are politically skewed lies.


5 Million Jobs Destroyed Under Obama

The unemployment rate is a lie, actually, six of them.
A question: Why do we need 6 unemployment rates? (U1, U2, U3, U4, U5, U6 unemployment).
Like when you ask a child who is lying a question and they come up with six different answers, they are hiding something.

The unemployment rate automatically and magically counts a person as employed after six months whether or not they found a job. Since unemployment is a two condition state, if you are not one; by default you are the other. So by not counting someone as unemployed anymore once their benefits run out, that means that they are automatically now counted as employed - a bald-faced lie.

So for the truth, we must look at the "Labor Force Participation Rate" and the size of the labor force - both statistics put out by the "Bureau of Labor Statistics".

Once you do that you will see that there are still over 4 million fewer jobs in America thanks to Obama, and just over 5 million fewer than we would have had he held the LFPR at the levels Bush did.

My calculation counts the number of jobs in America the day Obama won in 2008, and the same day in 2014. Simple.
Labor Force Size


My Calculations add up the size of the labor force, then simply multiply it by the percentage of those people who have jobs. Simple.

Millions of Jobs Destroyed By Obama

October 2008 Statistics (Obama Wins)

Total Labor Force Size: 154,876,000
Labor Force Participation Rate: 66%
Total Number of Jobs: 102,218,160
(Labor Force size multiplied by rate)

October 2014 Statistics

Total Labor Force: 156,278,000
Labor Force Participation Rate: 62.8%
Total Number of Jobs: 98,142,584


Summary

American Jobs in 2008: 102,218,000
American Jobs in 2014:   98,142,584
Number of jobs lost since 2008: 4,075,416



This calculation ignores the fact that the labor force actually increased in size over that time by some 1,400,000 people. If the Labor Force Participation Rate held the same as when Bush was President, 66% of them, or 925,320 of them would be working.
So in total, we are down just over 5 million jobs from where we would or should be.
Total Jobs Lost: 5,000,736 - according to data from the BLS (Bureau of Labor Statistics).


SOURCE:

These statistics are both available online from the Bureau of Labor Statistics, not some partisan propaganda site. They require simple arithmetic, not something most lefties are capable of.

Civilian Labor Force (Size)
Labor Force Participation Rate
Simply multiply one by the other to see how many jobs there actually are.

Do the math (arithmetic) yourself and see. Post it on your blogs and wherever you can to get the truth out there. I'm sick of the lies being promulgated by the MSM and this lying administration.

I will post this until my fingers turn blue. Too bad the MSM won't report the truth. Don't just take my word for it, follow my links to the government's own pages (links above) and do the arithmetic yourself. Refer to the above in any debates on 'Unemployment'. Follow my links and see for yourself. Rub it in the face of your lefty friends/family who try to tell you that unemployment is down.

These numbers are accurae and come from the BLS.

5 posted on 12/19/2014 1:08:26 PM PST by Bon mots (American Exceptionalism becomes American Acceptionalism under this regime... :()
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To: GilGil

We’re in trouble. I don’t expect it to improve.


6 posted on 12/19/2014 1:50:42 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: GilGil

I’ve been saying all along, QE is permanent. Both parties want it. The only other alternatives for dealing with debt are massive cuts in spending, massive tax increases, or both. Either is political suicide. So it’s outright default or QE. And since QE doesn’t require the pols to do anything at all and most voters aren’t even aware of it, it’s the perfect solution as far as the party hacks are concerned.


7 posted on 12/19/2014 2:44:57 PM PST by Hugin ("Do yourself a favor--first thing, get a firearm!",)
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To: Bon mots
Total Number of Jobs: 102,218,160
(Labor Force size multiplied by rate)

That ignores the fact that many people hold 2 or 3 part time jobs.

8 posted on 12/19/2014 2:47:13 PM PST by Hugin ("Do yourself a favor--first thing, get a firearm!",)
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To: SaveFerris
“It’s just like how BLS lies with statistics.”

How does BLS lie ? You just need to put together at least a dozen indicators to get a broader view of the labor market. They are all there, published by the... BLS.

9 posted on 12/22/2014 12:10:07 PM PST by Grzegorz 246
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To: Grzegorz 246

That was probably not the best way to say “O admin”.

Are you actually in Poland?


10 posted on 12/22/2014 12:49:47 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
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To: SaveFerris

“Are you actually in Poland?”

Yes, usually.


11 posted on 12/23/2014 12:16:31 PM PST by Grzegorz 246
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