Lib media goes wild over unemployment "decline"

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Patrick

Aug 2011
758
0
If you saw the lib news media today, you saw them cheerleading obama over an employment "decline" for the last month, from 9.0% to 8.6%. Half of that decline was due to about 300,000 workers just giving up looking for work, ie, they were in the "discouraged worker" category not included by the BLS in reckoning the unemployment rate. The rest of the "decline" is mostly temporary retail and service industry jobs which will only exist for the Christmas/New years season.

They also have been hyping strong gains in US auto sales. The truth behind that is that people have been keeping their cars on the road to record ages, and now realize it's buy something new or break down on the freeway. Also the reason it's american cars is because japanese cars are in short supply due to the tsunami and disruption of supply chains and factories in japan.
 
C

CatholicCrusader

Aug 2011
448
0
California
Obama Manipulates Numbers to Get Unemployment Headline Under 9%

BEGIN TRANSCRIPT

RUSH: I don't want to be an I told you so, but I told you so, and I told you so five weeks ago. Gallup, every week, puts out their own unemployment numbers and Gallup has been signaling that this day unemployment below 9% was coming. They've been blatantly saying so, based on their own unemployment data, which is not related to the Bureau of Labor Statistics reports. It's their own surveys; and in the last five weeks, occasionally they will say that their numbers that they come out with on a Wednesday or Thursday indicate that we're getting very close to a Bureau of Labor Statistics unemployment number of under 9%. I said, "The regime needs this, and when we finally get to under 9%, it will be eight-point-something, but the point-what won't matter. The only number that's going to matter is the eight

"It could be 8.9; it won't be 8.9, it will be '8.'" Well, it's 8.6, but it doesn't matter, it's eight; and predictably, the media's all over it, and that's the headline. You know, I got up this morning and I did the show prep routine and one of the first places I always go is Drudge and I saw it right there in red, and it's 8.6, and that's all it said, and I knew what it was. It's Friday, and I didn't need to know anything else. I knew that was the unemployment number, 8.6, and that's all anybody else is gonna hear. They're not gonna dig deep and find out how it happened. Some people have, some people are. There's a slight bit of reservation in certain sectors of the Drive-By Media. But most of the Drive-By Media is doing hosannas and hallelujah and merry...

Well, Happy Holidays. They don't do Merry Christmas in the media. But we're back, it's done, they got the headline: "Unemployment, 8.6%!" Now, the truth of the matter is -- and Bloomberg News even points out that the only way -- it's a corrupt number. It is a corrupt number. Folks, the number of people who have quit looking for work in the last few weeks is 315,000. Those are the people have thrown up their hands after 99 weeks or more of being unemployed; and they've said, "I'm quitting. I'm not looking." So they're not counted. Therefore, the universe of jobs available in the country is down by 315,000. That is the labor force participation rate. The labor force participation rate is a meager 64%. It fell to 64% from 64.2%. So the 0.2% drop equals 315,000 people leaving the workforce.

That means there are 315,000 fewer jobs to have, so the universe of jobs has been steadily shrinking. What was the number of jobs created? It's 120,000 jobs. It's 120, 126,000, whatever. That's in the ballpark. That number of jobs created can lower unemployment rate 0.4%, almost one half of a percent? Creating 120,000 new jobs can do that? That alone tells us how small the labor force participation rate is. That tells us how small the universe of available jobs in the country is, when creating 120,000 -- and we still have, don't forget, over 400,000 applications for unemployment compensation reported yesterday. So just 120,000 new jobs can lower the unemployment rate almost a half a point. That's not possible without that 315,000 figure, the 315,000 people who have just walked away........... <SNIP>

Continue reading here: http://www.rushlimbaugh.com/daily/2..._numbers_to_get_unemployment_headline_under_9
 
Fascist Canuck

Fascist Canuck

Feb 2011
299
0
Canada
Patrick said:
If you saw the lib news media today, you saw them cheerleading obama over an employment "decline" for the last month, from 9.0% to 8.6%. Half of that decline was due to about 300,000 workers just giving up looking for work, ie, they were in the "discouraged worker" category not included by the BLS in reckoning the unemployment rate. The rest of the "decline" is mostly temporary retail and service industry jobs which will only exist for the Christmas/New years season.

They also have been hyping strong gains in US auto sales. The truth behind that is that people have been keeping their cars on the road to record ages, and now realize it's buy something new or break down on the freeway. Also the reason it's american cars is because japanese cars are in short supply due to the tsunami and disruption of supply chains and factories in japan.
Click to expand...

Japanese cars are in short supply??? *ROTFLMAO* Uh... NO.
 
Fascist Canuck

Fascist Canuck

Feb 2011
299
0
Canada
Patrick said:
If you saw the lib news media today, you saw them cheerleading obama over an employment "decline" for the last month, from 9.0% to 8.6%. Half of that decline was due to about 300,000 workers just giving up looking for work, ie, they were in the "discouraged worker" category not included by the BLS in reckoning the unemployment rate. The rest of the "decline" is mostly temporary retail and service industry jobs which will only exist for the Christmas/New years season.

They also have been hyping strong gains in US auto sales. The truth behind that is that people have been keeping their cars on the road to record ages, and now realize it's buy something new or break down on the freeway. Also the reason it's american cars is because japanese cars are in short supply due to the tsunami and disruption of supply chains and factories in japan.
Click to expand...

The majority of Japanese car factories are in the USA. Duh?

The reason for increased US auto sales would be the marketing schemes behind them. They are selling at record low prices, such is the desperation of the US auto industry. Every time, up here, I see '$3000 off', or '0% interest for life!' Yes, that would garner interest in your cars. Has nothing to do with the cars themselves. American cars are the worst cars ever built. I know since I owned a few. Every one of them, a piece of garbage. No wonder your Big Two went bankrupt.
 
DodgeFB

DodgeFB

Mar 2009
2,751
6
Undisclosed
Fascist Canuck said:
The majority of Japanese car factories are in the USA. Duh?

The reason for increased US auto sales would be the marketing schemes behind them. They are selling at record low prices, such is the desperation of the US auto industry. Every time, up here, I see '$3000 off', or '0% interest for life!' Yes, that would garner interest in your cars. Has nothing to do with the cars themselves. American cars are the worst cars ever built. I know since I owned a few. Every one of them, a piece of garbage. No wonder your Big Two went bankrupt.
Click to expand...

You just need to know how to drive them and take care of them buddy. Maintenance is very important in cold temperatures.:D
 
N

netanyahoo

Oct 2011
152
0
It is all politics.....

Patrick said:
If you saw the lib news media today, you saw them cheerleading obama over an employment "decline" for the last month, from 9.0% to 8.6%. Half of that decline was due to about 300,000 workers just giving up looking for work, ie, they were in the "discouraged worker" category not included by the BLS in reckoning the unemployment rate. The rest of the "decline" is mostly temporary retail and service industry jobs which will only exist for the Christmas/New years season.

They also have been hyping strong gains in US auto sales. The truth behind that is that people have been keeping their cars on the road to record ages, and now realize it's buy something new or break down on the freeway. Also the reason it's american cars is because japanese cars are in short supply due to the tsunami and disruption of supply chains and factories in japan.
Click to expand...

Unemployment is out of hand of Dems/Repugs. It is all political bullshit. No one has a magic wand to fix. If someone is promising you that, you are fooling yourself.
 
P

Patrick

Aug 2011
758
0
netanyahoo said:
Unemployment is out of hand of Dems/Repugs. It is all political bullshit. No one has a magic wand to fix. If someone is promising you that, you are fooling yourself.
Click to expand...

Not one of you leftwing cretins is able to offer a single argument supporting your crack pot ideas. :p
 
RoccoR

RoccoR

Aug 2010
211
12
Reynoldsburg, OH
Patrick, et al,

Which "crack-pot ideas" (left or right - undefined) are you referring?

Patrick said:
Not one of you leftwing cretins is able to offer a single argument supporting your crack pot ideas. :p
Click to expand...
(COMMENT)

To the best of my knowledge, there is not one single candidate, on either side, that is advocating the rebuilding and restoration of America; either in terms of industrialization, commerce, infrastructure modernization, scientific research, advanced education opportunities, or any of the thousand little things that need taken care of in this land.

So, exactly who's ideas (Candidate or Discussion Group Participant) are you making reference to in you statement?

Most Respectfully,
R
 
P

Patrick

Aug 2011
758
0
RoccoR said:
Patrick, et al,

Which "crack-pot ideas" (left or right - undefined) are you referring?
(COMMENT)
Click to expand...

Well for example, that government can "create" jobs.


Or, that the way out of a recession is gigantic government deficit spending, big taxation, big regulation, an intense anti-business attitude, the substitution of "wise" government meddling in markets to replace free market forces (eg the Fanny Mae-engineered subprime debacle, the Solyndra "green energy" debacle).
 
myp

myp

Jan 2009
5,841
50
Patrick said:
Well for example, that government can "create" jobs.


Or, that the way out of a recession is gigantic government deficit spending, big taxation, big regulation, an intense anti-business attitude, the substitution of "wise" government meddling in markets to replace free market forces (eg the Fanny Mae-engineered subprime debacle, the Solyndra "green energy" debacle).
Click to expand...

Just a side-bit, but you realize that massive government spending in war and stopping the free movement of peoples (illegal immigration) are both the opposite of "free market forces" too, right?
 
N

netanyahoo

Oct 2011
152
0
What did W do for 8 years ?

Patrick said:
Not one of you leftwing cretins is able to offer a single argument supporting your crack pot ideas. :p
Click to expand...

W had 8 years and what did he do? He took the country's economy in downward spiral. What magic Newt or Romney can do that Obama can not? It has nothing to do with Repugs/Dems. Your arguments are limited to partisan bullshit. None of these politicians can solve this economic problem. They have a simple partisan formula.

Repugs : cut taxes and wage wars to create deficits
Dems: Raise taxes to refill deficits

and the cycle continues.

Once economy is down, all the crooks are getting exposed.
i.e. Enron, Madoff, Sanford, Corzine etc.
 
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P

Patrick

Aug 2011
758
0
myp said:
Just a side-bit, but you realize that massive government spending in war and stopping the free movement of peoples (illegal immigration) are both the opposite of "free market forces" too, right?
Click to expand...

Oh oh - I'll bet you think you've made a big point. :p

War:

In general, a country (the people, not just the government) can only control in detail the rules, forms, events and so on within it's own borders. Reason and long experience dictates it should do so to incorporate maximum freedom for the good of all. But it can't determine the actions of a foreign power attacking it. When war breaks out, everything changes. The reason is because what good does it do to talk about rights, freedom, and so forth if a country is destroyed? As Justice Jackson once said in a different context, and only re constitutional rights, "The Constitution isn't a suicide pact." Likewise, the forms and rules appropriate when everyone, including foreign powers, is acting rationally may not work when there are sufficient irrational forces, i.e., war.

As for the free movement of labor, I'm all for it in a FREE society. In a free society, I wouldn't think of stopping the movement of labor. But in THIS society, I get looted by illegals using the ER for free - medical services providers cost shift so that insurance rates go up for US citizens, including me. That's because legislatures and courts have said ERs MUST treat illegals even if they can't pay. In THIS society, a lot of policy, including many things to do with economics, are decided by courts and legislatures, not the free market. When I see huge numbers from a particular country being allowed to walk in for the explicit purpose of future political control by the leftwing, that has almost nothing to do do with a "free market" - it is a means of creating the political conditions for an ever-more statist society, the opposite of free markets. It's all or nothing - you can't call for particular bits and pieces of a free economy (free movement of labor) that are advantageous to some, but keep the non-free aspects that are disadvantageous to me (eg, government near-monopoly of K12 education funded by taxes.)
 
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P

Patrick

Aug 2011
758
0
netanyahoo said:
W had 8 years and what did he do? He took the country's economy in downward spiral.
Click to expand...

Bush was a >>RINO<<. He did a lot of bad things like raise the debt and regulations, but he didn't crash the economy - that was accomplished by previously-created democrat policy.
 
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