Friday, October 5, 2012

Unemployment - the Spin cometh

The unemployment report was released a few hours ago


With an election 30 days out and early voting already starting the Democratic Party machine is going all out to spin todays' announced reduction in unemployment as proof that the Obama Administration is doing well.

I don't think so...

43 months of President Obama's term we have had more than 8 percent unemployment - nearly his whole term - You can find the chart on the US Government Bureau of Labor Statistics site

In contrast we have had 39 months above 8 percent between 1948 and 2008 under 11 different Presidents. 1948 was the year we began keeping track of unemployment in the USA

That's correct 11 Presidents versus this President covering 724 months with 39 months of high unemployment everyone before Obama - 43 months of high unemployment out of 44 months of Obama

Now in Obama month 44 - the rate drops to 7.8 percent. My guess is - if it hasn't already happened - one of the left wing Obama campaign affiliates - ABC - NBC - CBS - CNN will take the the 2/10ths "reduction" and run a headline that says "Unemployment drops Two and a half Percent"

Would that be a lie? Yes & No

Mathematically 2/10ths is 2.5% of 8

But it's a LOT worse than the spin tells you

Because more people join the working age population each month the economy needs to add about 180,000 jobs a month just to keep up with population growth - that's only happened 11 months out of the 44 months under this administration and many of those jobs during the 11 months were "stimulus" temporary jobs - like Solyndra and other failed "Green Jobs" & that borrowed money has been added to our children's "IOU"

And it's worse than that...

We don't count people as "unemployed" if they have become so discouraged that they don't look for work anymore -  - which means the real unemployment in the USA is about 5.5 million more people than we report - around 3 percent more - an 11% rate

And it's worse than that... If you are Hispanic the unemployment rates is 10.2 % Black 14.1 % or between the ages of 16 and 19 a whopping 24.6%

And it's worse than that...

Social Security has a disability program which without any significant reporting is inexplicably at an all time high.

More Americans are getting a disability check since President Obama took office. Social Security Disability Recipients have soared under the Obama Administration from 7,427,000 to 8,767,000

That increase of a million 300 thousand people are NOT COUNTED as unemployed - and - If YOU are employed and paying taxes YOU get to pay their checks too...

It's easy to distort "Facts"

Here's a shameless example - just in case you are actually buying into the rhetoric coming from the Administration and still don't get my point...

If 100 people are working in month #1 but only 90 people in month #2 you would say unemployment increased by 10%

If in month #3 you have 92 people working you CAN SAY unemployment dropped about 2% - but you still have 8 people without jobs that used to have them...

You don't have to be a rocket scientist to understand reality. Everybody knows friends - family - relatives - kids - grandkids that are unemployed and/or underemployed that were NOT in that position before the last election

We can't afford this administration anymore - like a friend of mine says - we need a Workhorse in the White House - not a Showhorse

2 comments:

  1. Any kind of statistic is easy to "spin" one way or the other. The Obama Administration is going to
    "spin" this very small drop as proof the economy is bouncing back and that is a very inaccurate "spin" indeed! Great post!

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  2. Thank you Mr Evans. I think the most difficult thing to overcome is the media. With few exceptions they slant the news very effectively to fit their own views and focus on effecting outcomes instead of reporting factually

    ReplyDelete