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.
7.8% Unemployment for September 2012 with only 114K Jobs Created … What a Joke, Now We Know Why Obama Phoned in Debate, The Books Were Cooked
OBAMA US UNEMPLOYMENT RATE 0.00%
What a joke, this should be deemed criminal …Obama will do anything to get reelected include perpetrate this employment fabrication on “We the People”.
The US added only 114,000 jobs in September and miraculously just five weeks before the 2012 Presidential election managed to fall to 7.8%. It’s a miracle I tell you!!! The U-6 unemployment number, which accounts for the underemployed and those who have given up looking for jobs, held steady at 14.7 percent. 873,000 people said they found work yet only 114,000 were actually employed full time??? Hell, why make it 7.85, why not make it 5%? How about 0%? Why not, it’s just as plausible as to how 873,000 people claim they found work from the Household survey, yet only 114,000 jobs were created.
This reminds me of a quote from the movie, The Shawshank Redemption, when Warden Samuel Norton learns that Abdy’s cell is empty … “Lord, it’s a miracle! Man up and vanished like a fart in the wind! Nothing left but some damn rocks on the windowsill. And that cupcake on the wall!” What honest thinking person actually believes any of this other than those who drink the Obama Kool-aid?
Obama is laughing at you America that you are buying this unemployment BS
Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent.
The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number.
The falling jobless rate had been a function as much of the continued shrinking in the labor force as it was an increase in new positions.
But the government said the total number of jobs employed surged by 873,000, the highest one-month jump in 29 years. The total of unemployed people tumbled by 456,000.
The labor force participation rate, which reflects those working as well as looking for work, edged higher to 63.6 percent but remained around 30-year lows. The total labor force grew by 418,000, possibly accounting for the relatively modest net level of job growth.
Economists were expecting 113,000 more jobs and the rate to rise to 8.2 percent. Last month saw 142,000 new jobs as the rate dropped from 8.3 percent in July.
So now we know why Obama looked so apathetic and uninterested during the debate the other night, Obama knew the books were cooked to have Obama have an unemployment number 8%. This should be criminal. But what else would we expect from Chicago politics.
Jack Welch, the former CEO of GE tweeted the following:
Jack Welch, the former CEO of General Electric [GE 22.95 (---) ], caused a stir after the numbers were released, tweeting “Unbelievable jobs numbers…these Chicago guys will do anything…can’t debate so change numbers.”
Watch the folks (VIDEO) at CNBC, especially Rick Santelli just laugh at these cooked unemployment numbers as he had previously predicted that the Obama Admin would force the numbers below 8% by using any means possible.
Posted October 5, 2012 by Scared Monkeys Barack Obama, Conspiracy, Corruption, Crony Capitalism, cronyism, Economy, Jobs, Obamanation, Obamanomics, Unemployment, WTF | 9 comments |
One of the Best Lines of the Denver Presidential Debate … Romney Slams Obama,“You Don’t Just Pick Winners and Losers, You Pick Losers”
As the dust settled on last night’s Presidential debate in Denver, CO, it was obvious that Romney was a man with a plan and Obama looked like a kid who had studied the wrong chapters for a test and was left begging the moderator to ask the next question, wanting to use a lifeline and ask Bill Clinton what to say and looking to the MSM for the protective cover they have provided him for the past five years.
In the VIDEO below, Romney pounded Obama in the exchange over subsidies for oil vs. the $90 billion that Barack Obama gave to the failed “green” energy companies like Solyndra, Solar Trust, Abound Solar, What is the equivalent of 50 years of breaks. Then came one of the memorable lines of the night and it is about time some one called Obama on it. What better place than with 40-60 million viewers. Mitt Romney said of Obama last night, “You Don’t Just Pick Winners and Losers, You Pick Losers.” Ouch, that’s going to leave a mark.
President Obama was so thoroughly beaten last night that even the LEFT had to admit that Obama did a dismal job. During last nights debate I thought Obama was going to use his “LifeCall” medical alert device and say, “I’ve fallen and I can’t get up”.
Posted October 4, 2012 by Scared Monkeys 2012 Elections, Barack Obama, Debates, Economy, Energy, Epic Fail, Green Energy, Green Jobs, Mitt Romney, Mitt Romney - Paul Ryan 2012, Obamanation, Oil, Presidential Election, Solar/Wind, Solyndra, Unemployment, You Tube - VIDEO | 2 comments |
367,000 First Time Jobless Claims, Up 4000 from Last Week … Another Weak Jobs Report
First time weekly jobless claims are up again to 367,000. That is an increase of 4000 from last week. Yet more poor jobs numbers courtesy of the Barack Obama jobs recovery and Obamanomics. I had speculated that part of last nights poor performance by Obama in the Presidential debate was not just because he was off his game, but instead because it is impossible to defend a failed economic record when he can’t crack jokes and make one-liners. In the end, that is really all Obama is. Obama also might have been glum because he knew that on Thursday there would be a poor jobs report and on Friday, another failing unemployment number for September.
The number of Americans filing new claims for unemployment benefits rose less than expected last week, according government data on Thursday that suggested a mild improvement in the labor market.
Initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 367,000, the Labor Department said.
The prior week’s figure was revised up to show 4,000 more applications than previously reported.
Economists polled by Reuters had forecast claims rising to 370,0000 last week. The four-week moving average for new claims, a better measure of labor market trends, was unchanged at 375,000. It was the first time since December last year that the four-week average was unchanged.
A Labor Department official said there were no special factors influencing the report and no states had been estimated.
Barack Obama’s policies are an EPIC FAILURE and in a debate, he has no where to run.
Posted October 4, 2012 by Scared Monkeys 2012 Elections, Barack Obama, Economy, Epic Fail, Jobs, Obamanation, Obamanomics, Presidential Election, Unemployment | 3 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.
