The national unemployment rate dropped to 7.8 per cent in September, edging below eight per cent for the first time in almost four years and handing President Barack Obama's re-election hopes a potentially major boost. (Snip)According to James Pethokoukis of the American Enterprise Institute, however, if the labour participation rate had remained at the same rate as it was when Obama took office, the unemployment rate would be 10.7 per cent. The figures immediately prompted claims of political manipulation in the wake of a poor debate performance by Obama in Denver.
Comments: October non-surprise, according to Jack Welch.
Their new attack campaign is the Romney is a liar/dishonest/can't be trusted.
When will we learn that they project their ugly, putrid "values" onto us. Look at Occupy, see how they label TEA Party. Obama, see how they label Romney. The Senate, labels the House as "do nothings with no plans", they who haven't passed a budget in four years.
It's going to turn so ugly...how and why have we gotten to this point?
Although U-3 unemployment, the official number, is 7.8%, the U-6 number is still around 15%, and the gap between U-3 and U-6 has widened considerably under Obama.
If you also look at the seasonally adjusted SGS rate, that's gone way up under Obama to around 23%. That statistic for long-term discouraged workers was defined out of official existence in 1994 (under Clinton, how convenient!). Graph is at URL below:
This is not good news for Obama because it is so easily dissected: There are millions fewer people in the entire labor force because they've lost hope of getting jobs:
...however, if the labour participation rate had remained at the same rate as it was when Obama took office, the unemployment rate would be 10.7 per cent.
So why isn't the headline, "Unemployment at 10.7% if you include people who can't get jobs and have stopped looking"?
This is too easy and far too transparent a manipulation. Obama will attempt to use this phony figure in his "I need more time" to fix this mantra.
Rush predicted that "SHAZAM!", the unemployment rate will drop to 8% or lower right before the election. As usual, he was right, and this was how this figure of 7.8% came about -- by eliminating from the work force the millions of workers now out of jobs with no hopes of getting one unless Obama is kicked out.
Ditto hiring: Employers are waiting to hire only if Obama loses. If he does lose, the economy will go bonkers UP.
As for the rest of the headline about "a fix", it sure is, but it's also easily debunked.
Pssst, Barry. Why didn't you just go ahead and jump the rate down to 5 percent and declare the economy to be booming? Actually, this is a useful report if you take it and spread it over Mo's little vegetable garden and thereby save the taxpayers a few bucks on the manure bills.
Trust is gone, Barry. Long gone for most of us. For the hold outs, the last bit of trust left the station with your 9/11/12 Benghazi disinformation campaign you waged on the American people.
The BLS uses two employment surveys, the establishment survey, which tracks employment reported by business, and the household survey, which tracks employment reported by individuals in a telephone survey. It's common for them to be very different in a month, but they typically trend together. This month's gap, though, is ridiculous. The employment survey says employment is up 115K jobs. The household survey says it's up 873K jobs. Unemployment--now "down" to 7.8% just in time for the election--is based on the household survey. Looks very suspicious.
Propaganda from our dear leader, zero! This is a disgraceful sham! Republicans should be investigating big brother statistics. How far are we from Nazi Germany? No source these days is beyond corruption. This is UNBELIEVABLE!
We should call this what it is...rigging an election. Some of the top liars and number manipulators should see some jail time. Less senior larval stage liars might re-think their little scam if it were a felony
Americans who are buying insurance plans over online exchanges, under what is known as Obamacare, will have limited access to some of the nation’s leading hospitals, including two world-renowned cancer centres. Amid a drive by insurers to limit costs, the majority of insurance plans being sold on the new healthcare exchanges in New York, Texas, and California, for example, will not offer patients’ access to Memorial Sloan Kettering in Manhattan or MD Anderson Cancer Center in Houston, two top cancer centres, or Cedars-Sinai in Los Angeles, one of the top research and teaching hospitals in the country. High quality global
Konstantin Kakaes had a lot of good evidence to work with for his article debunking the promise of Amazon’s drone deliveries. The FAA doesn’t allow autonomous flight. Drones are too small and unreliable. They’ll cost Amazon a fortune to maintain and oversee. Kakaes had so many facts in his favor, but he left out a big one: Birds are going to hate these drones.(Snip)The difference for Amazon’s drones is that the birds will be chasing them. Unseen to us, the skies are checkered with fiercely defended bird territories. Open-country raptors—hawks, eagles, kites, harriers, etc.—don’t take kindly to interlopers on their
In a major rant at radio host Sway Calloway this week Kanye West went full tilt against the fashion establishment that is preventing him from unleashing his artistry-in-apparel on the world: “I am Warhol. I am the No. 1 most impactful artist of our generation. I am Shakespeare in the flesh. Walt Disney. Nike. Google. Now, who’s going to be the Medici family and stand up and let me create more? Or do you want to marginalize me til I’m out of my moment?” Dear Kanye Warhol-Shakespeare-Disney-Google-West, So you want to be a fashion designer! You actually did launch a
PHILADELPHIA--A horse pulling a buggy with an Amish family aboard in rural Pennsylvania was struck by a bullet fired from a moving car and later died, police said on Tuesday.(Snip)"At the time, they believed it was a firecracker," Weaver said. "They didn´t realize it was a gunshot." The family continued home, where they realized the animal had been injured. "When they got to the farm, the farmer noticed blood from the horse´s mouth," Weaver said. The horse died before a veterinarian arrived.
The Treasury Department said on Thursday that it would sell its remaining shares in General Motors by year’s end, allowing the government to finally sever ties to the bailed-out automaker a few months sooner than expected.(Snip)Barring a sudden jump in G.M.’s stock price, the government is on track to lose about $10 billion on its investment. So far, it has recovered about $38.4 billion. By contrast, other rescue efforts, including the bailout of the American International Group, have generated profits for taxpayers. But administration officials have long argued that the aim was not to make a profit from its investments
WASHINGTON — A mutiny has erupted among photographers who cover President Obama over what they say is the White House’s increasing practice of excluding them from events involving the president and then releasing its own photos or video.(Snip)“As surely as if they were placing a hand over a journalist’s camera lens,” the three-page letter said, “officials in this administration are blocking the public from having an independent view of important functions of the executive branch of government.” The Obama administration has embraced social media as a way to get its message to the public beyond the traditional news media.
Secretary of State John Kerry just scrapped 190 years of U.S. foreign policy in Latin America, casually declaring the Monroe Doctrine is over.Why didn´t he just ring the dinner triangle for Russia, China, Iran and their terrorist catspaws to set up shop, too? "President James Monroe," Kerry told the Organization of American States in Washington Monday, "declared that the United States would unilaterally, and as a matter of fact, act as the protector of the region... And throughout our nation´s history, successive presidents have reinforced that doctrine and made a similar choice. "Today, however, we have made a different choice. The
When I was a kid, I knew two different Santa Clauses. The first had a fat belly, rosy cheeks, a long white beard, and skin as pink as bubble gum. He was omnipresent, visiting my pre-school and the local mall, visible in all of my favorite Christmas specials. Then there was the Santa in my family’s household, in the form of ornaments, cards, and holiday figurines. A near-carbon copy of the first one—big belly, rosy cheeks, long white beard: check, check, check. But his skin was as dark as mine. Seeing two different Santas was bewildering. Eventually I asked my father what
US President Barack Obama may have moved the masses attending Nelson Mandela’s memorial service with his stirring eulogy, but it was his grinning "selfie" with the Danish and British premiers that set social networks abuzz. In a candid moment captured by a photographer, Denmark’s Prime Minister Helle Thorning-Schmidt can be seen holding up her smartphone, with Obama lending a helping hand, as they pose for a picture with David Cameron, all three of them smiling broadly in their seats at Soweto’s World Cup stadium.(Snip)Mashable, the news and technology website, ran the photograph under the headline: ‘‘Dear Obama: Funerals are no place
Johannesburg - A man who provided sign language interpretation on stage for Nelson Mandela´s memorial service, attended by scores of heads of state, was a "fake," the national director of the Deaf Federation of South Africa said on Tuesday. Asked about the claim by The Associated Press, South Africa´s government said it was preparing a statement. Three sign language experts said the man was not signing in South African or American sign languages. South African sign language covers all of the country´s 11 official languages, according to the federation. It wasn´t immediately clear if the unidentified man was using a
On his way to the podium at the memorial ceremony for former South African president Nelson Mandela, President Obama walked down the line of dignitaries, greeting other leaders there to pay their respects. Among the hands shaken: that of Cuban leader Raul Castro. Obama neither made a special effort to shake Castro’s hand nor to avoid him. A snub might have been awkward: In his speech, Obama praised Mandela’s “greatest gift” as “his recognition that we are all bound together in ways that can be invisible to the eye; that there is a oneness to humanity; that we achieve ourselves by
House Speaker John Boehner (R-Ohio) snapped at conservative groups that have come out in opposition to the budget deal reached Wednesday between Rep. Paul Ryan (R-Wis.) and Sen. Patty Murray (D-Wash.). "They´re using the American people for their own purposes. This is ridiculous," Boehner said at a press conference with other members of House Republican leadership on Wednesday. Over the past few days, a number of conservative groups have blasted the deal because it sets discretionary spending levels in the budget higher than previous levels under sequestration. In the past three days, the influential Heritage Action, Club for Growth, Americans
The Obama State Department has finally released a second round of photos revealing the harrowing devastation wrought by a terrorist attack on the U.S. Consulate in Benghazi on Sept. 11, 2012. The new photographs depict rampant damage to the consulate. They show charred walls, smoldering fires, Arabic graffiti defacing exterior walls, and scattered debris throughout. The extent of the damage would lead any reasonably serious person to conclude that this was a cold, calculated attack, carefully coordinated to mark the 11th anniversary of Sept. 11, 2001. Unfortunately for the American people, the Obama-Clinton-Rice cabal that led to the Benghazi cover-up was
A black fashion student says he was brutally attacked by a gang of Hasidic men who shouted anti-gay slurs at him while he was walking through Williamsburg after a night of partying, the Daily News has learned. Taj Patterson, 22, was headed home to Fort Greene around 4:30 a.m. on Dec. 1 when he says more than a dozen ultra-Orthodox Jewish men began assaulting him on Flushing Ave. and yelling, “Stay down, f----t!”