Tuesday, February 7, 2012

Barack Obama - #3635 - CURL: Obama's Made-Up Jobless Numbers - Washington Times (2) As Obama Crows, Real Story is 10.5 Million Job Deficit - Investors.com

When it comes to the unemployment rate, it's nice to be president. Sure, it wasn't so nice for President Obama in October 2009, when the federal Bureau of Labor Statistics declared the rate was 10 percent. But exactly a year from Election Day 2012, the rate began a precipitous plunge, first to 8.9 percent, then the next month, to 8.7, then to 8.5. And just last week, the BLS said the rate had fallen all the way down to 8.3 percent. If the spectacular "recovery" keeps up at the same pace, the rate will be 6.3 percent by Nov. 6. It hasn't been that low since — well, all but four of the 96 months George W. Bush was in office. But you get the point. America is back!! Woo-hoooo!! So, spectacular news for the president, yes? And fantastic news for America, right? Uh, yes. And absolutely no. See, the BLS boys, no doubt at the president's direction, are busy rewriting the rules, and they're in uncharted, and unchecked, territory. The federal government Friday declared that the U.S. had created — not "saved," mind you, "created" — 243,000 jobs. Amazing, right? But wait, what's that little asterisk here? A record 1.2 million Americans left the labor force? 1.2 million?! Well, where'd they go? Oh, just left? Well, OK. But no, wait. What does that even mean? Read more.......  Steve Peters Commentary: When you have an attorney general that cannot tell what a lie is when testifying before Congress, it should comes as no surprise the White House is cooking the books to lower the official unemployment numbers over at the BLS . The real unemployment numbers in America are much higher, and a direct casualty of Obama's war on the American free enterprise system.

As Obama Crows, Real Story is 10.5 Million Job Deficit - Investors.com - Jobs: Of course it's good news that 243,000 new jobs were created in January, shaving the unemployment rate to 8.3%. But thanks to massive policy errors by the White House, we're still way below where we should be.  President Obama, speaking in Arlington, Va., immediately took credit for the bullish report, crowing that "altogether, we've added 3.7 million new jobs over the last 23 months."  The president went on to say: "We can't go back to the policies that led to the recession. And we can't let Washington stand in the way of our recovery."  "Our" recovery? And "We can't go back to the policies that led to the recession"? The cause of the recession was, in fact, housing policies put in place by President Clinton and aggressively supported by Democrats in Congress, including former Sen. Barack Obama. ............ Far worse for most Americans is the jobs depression that has accompanied Obamanomics. As the chart shows, we've suffered a jobs implosion greater than any since World War II.  Obama likes to blame his predecessor for this. And true enough, 4.4 million jobs disappeared during the 2007-08 panic. But after Obama took office, an additional 4.3 million jobs disappeared. So when Obama says "we've added 3.7 million new jobs," he's not giving you the full story.  We are still 5.6 million jobs below where we were at the peak in 2007. Add to that the 4.9 million new jobs that would have had to be created just to soak up new entrants into the workforce, and all told we have a jobs deficit of 10.5 million.  Read more..........  Article contributed by Steve Peters.

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