Skip to comments.Obama's Spin on October’s Official Numb-ers: Caution, there will be math!
Posted on 11/12/2013 7:31:54 AM PST by NOBO2012
You all know that in our 2+2=5 world, numbers are the bane of our existence.
Butt sometimes you just have to tackle them anyway, so here goes, in no particular order:
Healthcare.gov enrollees: So far we are reporting somewhere between 40-50,000 signed up. Thats a little (97%) below our target number.
Its still a bit unclear at this point whos getting counted in these numbers because, unlike free market accounting, in Obamacare accounting liking is the same as buying. Butt I understand our official direction is to count any low hanging chads.
Its a little bit fuzzy right now how those choosing the completely free option of Medicaid will be treated in our numbers, butt my guess is we count them twice. Because, as Fancy Nancy advised us, welfare, like unemployment, returns $2 in economic activity for every $1 in benefits doled out. Anyway, the fact that weve enrolled just 3% of our first month target number is not really a big deal - everyone knows the website wasnt working! So were just a little behind the 8-ball.
h/t El Rushbo via Newsbusters
Oh, and by the way, that number of enrollees is offset by the 4.8 million Americans who have lost their healthcare insurance (so far) even though they wanted to keep it.
JOBS JOBS JOBS report: despite fears of a Government Shutdown Slowdown 204,000 new jobs were created (unexpectedly!) in October. Dont get too excited though, since most of them were low-paid service jobs, probably filled by illegal aliens. I wonder whats causing such a surge in the demand for bartenders?
Maybe Hillz knows
Anyway, despite the schtrong jobs number, it wasnt enough to keep up with the number of citizens who reached adult age last month, so were still in the hole. This is where the numbers get really tricky, so stay with me here: despite creating 204 thousand new jobs, we had 213 thousand new adults entering the workforce and 932 million (!) Americans unexpectedly leaving the labor force (no longer looking for work) last month; which means the overall number of Americans with a job fell by 735 thousand!! Yikes! That brings the total number of Americans no longer in the workforce to 92 million!
The good news, of course, is that with nearly 92 million people officially not looking for a job our official unemployment rate remains firmly locked in Carter 1.0 territory at a very reasonable 7.3%. And think of all the increased economic activity those new 2-4-1 welfare benefits will generate!
Butt, 92 million, thats nearly a third of us!!! How can we afford that? Just ask Nancy! No wonder Big Guy wants to raise taxes on everybody
who has a non-welfare income on the wealthiest Americans. How else are we going to pay for all those Healthcare.gov subsidies well be handing out to the millions of unemployed Americans?
And wait: more good news! The stock market is up 105 points! Butt since Ive probably made your head spin with all these numbers, Ill save the discussion on how our QE-Forever monetary policy has created spiraling inflation that more than offsets any increases in the stock market for a later date.
Instead of focusing on negatives, lets move on to something positive: like Lady Ms improvement in selecting appropriate Veterans Day attire.
I realize I posted this yesterday in the comments, butt its not easy finding positive things to report on around here.
Note: 2013 over 2009 performance reflects a huge improvement butt past performance is no guarantee of future results
Also note that Lady M is wearing one of the coats from the military collection that I selected for her future Veterans Day appearances back in my 2010 Lady Ms Fall Fashion Notebook.
Big Guy has been a little more hesitant to embrace my recommended military uniform look; not because he doesnt like it butt because its a little too, uh shall we say, obvious?
How many former FOBs (Friends Of Barry) can you ID?
Posted from: Michelle Obamas Mirror
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