RSSJACK WELCH: Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful … Household Survey, Biggest One Month Jump Since June 1983, 5 Weeks Before Election … “Does Not Pass the Smell Test” … WATCH THE PARTICIPATION RATE!!!
Sorry, but some things just do not pass the smell test … Obama trying to pass off the unemployment rate off as below 8% when a record number of Americans have left the work force.
Following the questionable September 2012 jobs numbers yesterday, former GE CEO Jack Welch tweeted the following that he was extremely critical of the dubious data and accused Obama of manipulation the jobs numbers because of his poor Presidential debate performance.Who would you believe, Jack welch, probably one of the greatest CEO’s ever or the Obama Administration?
Like many other individuals are having, these numbers are not believable. Jack Welch stated that the economic numbers are so off the charts that they are not believable and they should not be presented to the American public as fact that would affect a Presidential election. That of course was the intention of such skewed data that not one economist saw coming. NOT ONE!
At question is how one survey, the Establishment Survey, can have 114,000 non-farm payroll jobs created as reported by the BLS; however, here comes the whopper that is a bit hard to believe … shocking in the report was that the number of unemployed people dropped by 456,000 to 12.1 million. As stated at NewsBusters, Maybe more shocking, total employment, as measured by the Household Survey, rose by 873,000 in September to 142,974,000, the biggest one month jump since June 1983. Really? Really? How can two surveys of jobs be that far off?
Jack Welch defends his Tweet on CNN
“Twenty five economists were polled and stated the average number of jobs would be about 115K jobs and an 8.1 unemployment. And then all of a sudden we wake up in the morning and the unemployment rate is at 7.8% with a bunch of assumptions.”
Nearly every economic in America was predicting jobs gained somewhere between 110,000 and 120,000 jobs for September. No one and let me repeat that, NO ONE, was making any such ludicrous prediction of +800K jobs. In the VIDEO below, Labor Secretary Hilda Solis appeared on CNBC and was asked, whether the books have been cooked? Her response was she was insulted to hear such a question. Sorry Madame secretary, we are insulted that the Obama administration would pass anything like this off as a true picture of the job situation in America.
The Weekly Standard has some responses as to these implausible numbers that were released after President Obama failed miserably during the first Presidential debate and 5 weeks before a Presidential elections. Numbers that could only benefit Barack Obama, even though they are completely unbelievable and such an outlier that they should be completely regarded as BS.
“The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number,” said CNBC’s Jeff Cox.
The Washington Post’s Neil Irwin adds, “Weird that payrolls are exactly on forecast but household survey is far better.”
And the Wall Street Journal warns that these numbers should be taken “with a grain of salt.”
AMERICA DO NOT GET DISTRACTED BY A NUMBER THAT CAN BE SO EASILY MANIPULATED BY POOR DATA!!!
The unemployment number does not count people who just have given up and are no longer looking. What you want to keep your eye on is the LABOR PARTICIPATION RATE that is put out by the BLS. When it comes to the economy and jobs one need to look no further than the following data, when Obama took office the participation rate was 65.8. It is presently 63.6, a loss of 2.2 since Obama has been in office. The number has gone down ever year of, his presidency. Yet we are supposed to believe that the economy and jobs are better? Sorry, that is not the case, not even close. Not when 23 million Americans are out of work, record number of Americans are on food stamps
Labor Force Participation Rate
UPDATE I: Jack Welch also appeared with Fox New’s and stated, the numbers just don’t smell right as they relate to this economy. No one is doing better in the third quarter than they were in the second. Sorry, but these economic numbers are too important to mess with and you know that Barack Obama is going to tout them as his Obamanomics is working when there is no way to anyone who pays attention, knows it is not.
Jack Welch On Fox News: ‘These Numbers Don’t Smell Right’ … The VIDEO can be see HERE.
Visit NBCNews.com for breaking news, world news, and news about the economy
Scarborough was part of a broader trend of conservatives questioning the jobs figures. In the show’s final half hour, devoted primarily to the jobs report, he said the number “doesn’t make sense,” is “confusing” and suggested that the .3 percent drop – following the addition of 114,000 jobs – is a “mixed bag” for the White House.
“Somebody’s got to explain this,” Scarborough said. “This doesn’t make sense. This doesn’t make sense.”
“Somebody’s got to explain the matrix by which they do this,” he said shortly after.
Scarborough’s skepticism about the methodology seemed out of the ordinary on “Morning Joe,” which covers the jobs numbers on air each month. “Morning Joe,” like much of cable news during an election, typically focuses on the political impact rather than the methodology.
Obamanomics: Barack Obama … 4 Straight Years of Trillion Dollar Deficits … CBO Says $1.1Trillion for 2012
How’s that Obama “Hopey-Changey” cutting in half of the federal deficit working out for you?
President Barack Obama has set yet another record … four straight yeas of trillion dollar deficits. The CBO says that the federal deficit was $1.1 trillion for 2012. Remember the 2008 candidate Barack Obama campaign promise when Obama stated he would cut the federal deficit in half in four years? How’s that working out for you America?Good grief, which showed that the the Obama government borrowed 31 cents for every dollar it spent.
A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama’s watch.
The result was a slight improvement from the 2011 deficit of $1.3 trillion.
The bleak figures from the Congressional Budget Office, while expected, add fodder for the heated presidential campaign, in which Obama’s handling of the economy and the budget is a main topic. Friday’s release came as the government announced that the unemployment rate dropped to 7.8 percent last month, matching the rate when Obama took office.
The administration will release the official deficit numbers around mid-October, but they should line up closely with the CBO estimate, which showed that the government borrowed 31 cents for every dollar it spent.
Posted October 5, 2012 by Scared Monkeys 2012 Elections, Are You Better Off Today Than You Were 4 Years Ago, Barack Obama, Budget Deficits, Economy, Epic Fail, Obamanation, Obamanomics, Socialist in Chief | 2 comments |
VP Joe Biden’s Moment of Truth as He Tells Supporters … “The Middle Class Has Been Buried the Last Four Year”
Another Joe Biden gaffe or a fact under the Obama Presidency?
At a campaign stop yesterday in Charlotte, NC, Vice President Joe Biden admitted to a crowd of supports what many of us have known and experienced during the Obama presidency, “the middle class has been buried the last four years”. DOH! Oh how Barack Obama and his reelection minions must have hung their head after hearing these words coming from Biden’s mouth. Does Biden realize that Obama has been the president for the past four years, or does he think that this is still the 2008 election as Obama does not appear to ever have come out of campaign mode and done the work of the president?
Biden made the remark at a campaign stop in Charlotte, N.C., in the course of slamming Republican tax policies which Democrats claim would cut taxes for the rich and hike them for the middle class.
“This is deadly earnest,” Biden said. “How they can justify — how they can justify raising taxes on the middle class that’s been buried the last four years. How in the lord’s name can they justify raising their taxes with these tax cuts?”
MIDDLE CLASS HAS BEEN BURIED FOR PAST 4 YEARS, A RINGING ENDORSEMENT OF OBAMANOMICS
The middle class buried, ya think? Under President Obama he has increased our national debt by nearly $6 trillion in 4 years. Average American household now owes $137,000 as share of national debt. We have had 43 consecutive months of unemployment above 8%, millions of Americans have left the work force, a record number of people are on food stamps and median income is at its lowest level since 1995. of course the middle class has been buried for the past 4 years under the failed policies of Barack Obama.
Mitt Romney responded to the Biden comments that the middle class has been buried for the past four years. Look for this to be used again tonight at the 1st Presidential debate between Romney and Obama.
This was not a gaffe, sadly it is the painful truth. It might have been the first truthful thing he has said since Joe stated that Barack Obama was not ready to be President. BTW, it is barack Obama who is raising taxes on the middle class through Obamacare and his unwillingness to extend all of the Bush tax cuts and make them permanent. TAXMAGEDDON affect all, including the Middle Class.
How Will Unemployment Affect the Vote in 2012 … Real Unemployment Reaches 20% In 7 Colorado Counties
COLORADO, ARE YOU BETTER OFF TODAY THAN YOU WERE FOUR YEARS AGO. OBAMANOMICS HAS FAILED COLORADO …
As reported at the Colorado Observer, Colorado’s official unemployment rate is 8.2%; however, the “real unemployment” rate has reached 20% in seven Colorado counties. Making matters worse, it is the first time in y years that the official Colorado rate surpassed the national unemployment rate. The counties with such massive real unemployment are Costilla County at 23.56%, Pueblo 20.09%, Montrose 20.62%, Fremont 19.66%, Huerfano 21.78%, Archuleta 19.97% and Dolores at 19.85%.
In seven counties in Colorado unemployed individuals are close to or exceeding 20% of the population, a letter from the Chief Economist of CDLE to the U.S. Department of Agriculture says.
The letter, obtained through the Colorado Open Records Act, was sent August 29 as required by federal law. According to the Consolidated Farm and Rural Development Act, the Colorado Labor Department is required to certify counties where the “Not Employed Rate” surpasses 19.5%.
The “Not Employed Rate” is defined as “the percentage of individuals over the age of 18 who reside within the community and who are ready, willing and able to be employed but are unable to find employment as determined by the State Department of Labor.”
Ranking highest was Costilla County at 23.56 percent. The list runs from larger counties like Pueblo (20.09%), Montrose (20.62%) and Fremont (19.66%) to smaller populations like Huerfano (21.78%), Archuleta (19.97%) and Dolores (19.85%).
The unemployment rate in Colorado in 2008 was 4.8%. Barack Obama won Colorado in the 2008 Presidential election 54% to 45%.
With such real unemployment affecting those in Colorado, one really has to speculate as to how this will affect voting in the 2012 Presidential election as Colorado is considered a battle ground state. Currently RCP has Obama ahead in the averaging of polls; however, Rasmussen has Romney up by 2%. It’s hard to imagine that individuals would vote for an incumbent President whose economic policies have failed a state so badly.
Posted October 1, 2012 by Scared Monkeys 2012 Elections, Are You Better Off Today Than You Were 4 Years Ago, Barack Obama, Colorado, Economy, Epic Fail, Jobs, Obamanation, Obamanomics, Polls, Presidential Election, Rasmussen, Real Clear Politics, Recession, Unemployment | one comment |
RUT-ROH, Bad News For Obama… Barack Obama’s Approval Rating Mirrors 2010 Midterm Shellacking
From the Weekly Standard, with the 2012 Presidential elections almost upon us, President Barack Obama’s approval ratings look very similar to what they did prior to the 2010 midterm shellacking. The double digit gap in strong disapprove vs. strongly approve also indicate party enthusiasm as to who will actually show up at the polls election day. With such a negative gap for Obama, it makes such polls with a +9D sampling simply bunk.
For all of the wishful thinking in the mainstream press about President Obama’s positioning 40 days before this election, Obama’s approval rating looks remarkably similar to what it was on this date in 2010 — shortly before his party lost a historic 63 House seats and 6 Senate seats. On September 27, 2010 — exactly two years ago — Rasmussen Reports showed Obama’s net approval rating among likely voters to be minus-3 percentage points (with 48 percent approving and 51 percent disapproving). Among those who felt “strongly,” Obama’s net approval rating was minus-14 points (with 27 percent “strongly” approving and 41 percent “strongly” disapproving).
Posted September 28, 2012 by Scared Monkeys 2012 Elections, Are You Better Off Today Than You Were 4 Years Ago, Barack Obama, Epic Fail, Job Approval, Polls, Presidential Election, Rasmussen | one comment |
