This to me, is your administration calling every one of us stupid. And getting away with it. The latest numbers on unemployment supposedly tells us, that unemployment has gone down, to just under 10%. Now, in a time of high unemployment this usually is a good thing. But when our government is lying to us to make us think something is happening that really isn’t, then we have to start studying the situation, and stop accepting willy-nilly what the government tells us, as we have always done.
From the blog, CHESSNOID comes this little gem:
How can we have an overall lower unemployment rate when we lost more jobs than created, didn’t count correctly 800,000 original jobs previously lost, and are still losing more jobs everyday? It’s simple, you just don’t count people who haven’t looked for jobs or gave up in the last month. Maybe they simply stopped counting when it was convenient.
Now they didn’t just stop there. The words ‘800,000 original jobs’ were linked to another story that was from CNN Money.com, written by senior writer Chris Isidore, on February 4, 2010, at 1:31 pm ET:
Poof: Another 800,000 jobs disappear
NEW YORK (CNNMoney.com) — As bad as the government’s jobs readings numbers have been during the Great Recession, we’ll soon find out the real situation likely was worse.
Job losses during the recession may have been underestimated by close to a million jobs. So instead of employers cutting just over 7 million jobs from their payrolls since the economic downturn began in December 2007, it’s expected that the Labor Department’s new estimate will be a loss of 8 million jobs.
“It’s an enormous understatement of the severity of the crisis,” said Heidi Shierholz, labor economist with the Economic Policy Institute, a union-supported think tank. “It confirms that things were actually worse on the ground than what the reports suggested.”
The new reading will come when the economists at the department’s Bureau of Labor Statistics release their annual revision of U.S. payrolls from April 2008 through March of 2009 Friday, using data that wasn’t available as the monthly readings were being estimated and reported.
Typically the revision results in only a slight change in the previous estimate — about 0.1% to 0.2% of the total number of jobs. But there was nothing typical about the twelve month stretch that ended last March.
That period included the bankruptcy of Lehman Brothers, the seizing up of financial markets and the U.S. economy toppling close to the brink of another depression.
Battle brews over hourly jobs
The government’s current readings show that 4.8 million jobs were lost in those twelve months, more than twice the jobs lost during any comparable April-March period going back to 1939, when the numbers first started to be compiled.
But the department has already given a preliminary look at this Friday’s revision, and it says it believes it will show 824,000 fewer workers on payrolls than the current estimates. That would be the biggest downward revision in the 30 years for which comparisons of those adjustments is possible.
“There’s certainly a disconnect between economists like myself who say the recession ended in May or June and the person on the street who says the recession hasn’t ended,” said John Canally, economist LPL Financial. “This report is only going to widen that gap.”
Canally said the big revision is one reason that it’s difficult to estimate what Friday’s report will show about the labor market in January, or how investors will react to the report.
Economists surveyed by Briefing.com are forecasting a net gain of 13,000 jobs in January, following a loss of 85,000 jobs in December. The unemployment rate is expected to remain at 10%.
Economists say it shouldn’t be a surprise that there is such a big revision this time, given the severity of the economic downturn.
“Most of the time it’s reasonably accurate. But when there are very sharp changes in the economy, they tend to miss and it becomes a big problem,” said Dean Baker, co-director of the Center for Economic and Policy Research.
The problem is that BLS models appear to have grossly overestimated the number of new businesses that opened during the recession.
Now the question has to be asked. Does our current president and his administration really think that we are that stupid? The answer is: YES! They do.
They have “spin artists” who take the real numbers and then leave out certain parts of the equation, for the sole purpose of getting the numbers that they want.
Left out of these stats are the people who have been out of work long enough that they have simply given up looking. They are no longer counted in the unemployment rolls. Left out are the work aged young adults who could be working, but are not, because they don’t want too. Left out are the disenfranchised who, simply don’t care anymore. Added though, are the temporary census jobs that are just that. TEMPORARY. Hence the drop in unemployment. If they were able to still leave out the 800,000 jobs that suddenly showed up in their records from out of thin air, they would. But that leaked out. Sorry Obama. We are not as stupid, as you think.
What you need to start doing as President of this great nation, is to start taking the blame for this. Because it is not Bush’s fault. Sure, he started it, but when he left office, things were not that bad……No matter what your media has said, or continue to say. Bush, until the last few years of his presidency, did a good job. We had low unemployment during the first six years of his terms, we had low inflation and the economy was going great guns because of his tax cuts.
During the last two years of his administration he couldn’t get anything done because you democrats took over. That is when the economy started to turn around. And I do not mean turn around in a good way. Unemployment started going up, inflation stayed low, but the economy started to sputter. And because Bush was the president, you blamed him, and the trouble is, you still do, even for the things YOU ALONE have done.
The national debt started to rise because of spending, but it is like I said before, and you all know this, only Congress can spend money. And at that time, Congress was owned by the democrats. So the blame needs to be put where it really belongs. With the democrats and with you Obama. I know you don’t see it that way, but I must tell you, the majority of us do. GET IT RIGHT FOR ONCE. And start telling the people the truth. We are not stupid. If you think we are, then continue with your lies. The last three lost elections for you democrats will be but the beginning. MARK MY WORDS!
God Bless America, her allies, her troops and her people
God Bless my readers, my listeners on BTR and my viewers on You Tube….