Governments tend not to solve problems, only to rearrange them.
I started this a week ago when these numbers came out and then got sidetracked with the other stuff that was coming out then too…..and put this aside. I shouldn’t have so here it is finally. The people need to know this stuff.
The State Controlled Media a week ago, could only talk about the new unemployment numbers which show that unemployment dropped below 10% to 9.7%. But that number is only an illusion. Here is the story as told by the media, and then the real story……
State-Controlled Media can only talk about how great is the unemployment rate. “Lower than expected.” Here are some of the quotes from some of them: (I got this from the Rush Limbaugh site), and following links for the validity of them:
VARNEY: The unemployment rate falling to 9.7%. That is an improvement from the previous month. It’s better than expected.
TODD: The unemployment rate surprisingly dropped below 10% to 9.7%. That’s the good news.
LEE: …falling to 9.7%, and that’s an improvement from last month and better than expected.
JOHNSON: That headline number is absolutely huge. You can’t underestimate that.
ELAM: We haven’t seen unemployment that low since last summer.
The problem with this is, it’s not accurate. Sure, they included the revised number of unemployed people up to eight million instead of seven, and yes, they included the first wave of Census Bureau hires, which are going to be hired all through June. They’re gonna hire a million of them. But they are only temporary, and when the census numbers are done, they are too. Voila. Unemployment goes back up, unless they doctor the books again to make it seem like they are not.
So, just from that alone, you’re going to see the unemployment rate drop, but that is just the tip of this time bomb. This drop in the unemployment rate really was not surprising or unexpected, as TODD implied it was, above. They knew it was going to happen. They just have to use they’re template to make the rest of us think that this whole thing is a surprise and they didn’t see it coming. What a joke. They all knew it was coming. They plan for just this sort of thing, because I know deep down they are always scheming to keep their story going and right, so they’re think tank is always planning for this. And the real this? Let me tell you.
They did two tricks in addition to what I just mentioned to you. In fact, Rick Santelli on CNBC said that the level of manipulation on these numbers is intensifying. Without the move to remove how many jobs there are in the marketplace, he says the rate would be 10.6% for January, And he explains………..He was specific on the Obama administration lowering how many jobs are even in the total marketplace. I think they took it from 136 million and changed it down to 129 million. So if there is a smaller universe of jobs, naturally you’re going to have a lower percentage of those unemployed. They have been manipulating and doing everything they can to keep this number at or below 10%, but of course this is what’s called the U3 number. The U6 number includes the real numbers — and this is the number that’s around 17 or 18% — people who have stopped looking, and that number continues to expand. These are the people whose unemployment compensation benefits have expired. So this 9.7% number… We have to wait for the revisions as we always do, and they will be brought out as they always are…..and the State-Controlled Media will, of course, ignore them. They will be ignored, because they do not fit the template of the left to make things as bad as they can, without showing those numbers telling how bad things are. One of they’re deceitful ways of keeping the public uninformed. But it doesn’t work anymore for most of us. We find out anyway.
If you are wondering just what the U3 and U6 number are here they all are U1 through U6, and what they mean:
* U1: Percentage of labor force unemployed 15 weeks or longer.
* U2: Percentage of labor force who lost jobs or completed temporary work.
* U3: Official unemployment rate per ILO definition.
* U4: U3 + “discouraged workers”, or those who have stopped looking for work because current economic conditions make them believe that no work is available for them.
* U5: U4 + other “marginally attached workers”, or “loosely attached workers”, or those who “would like” and are able to work, but have not looked for work recently.
* U6: U5 + Part time workers who want to work full time, but cannot due to economic reasons.
The government always works in numbers that can be used in instances like this, so the real numbers do not get reported. The real unemployment here? Who knows but it sure isn’t low as 9.7%. It is really closer to 16 or 17%. So, Sorry Obama…….your glory days have passed like a flash in the pan. Your lies are catching up to you and biting you in the butt just like they do to every other president who does the same thing.
God Bless America, her troops, her people, and her allies
God Bless my readers, my listeners on BTR and my viewers on You Tube….
* taken from CF Economics: http://cfecon.blogspot.com/. Sorry…I couldn’t make the link work so I added the address of the blog. The post was from November 9, 2009