Posted on 06/05/2016 6:58:36 PM PDT by 2ndDivisionVet
Link only due to copyright issues:
http://www.bloomberg.com/politics/articles/2016-06-03/democrats-hope-jobs-report-is-a-blip-and-not-trump-s-bombshell
Link to article: http://www.bloomberg.com/politics/articles/2016-06-03/democrats-hope-jobs-report-is-a-blip-and-not-trump-s-bombshell
They wouldn’t falsify the next reports to make things better for Hillary,would they?
They have been faking the numbers for seven years as well as printing trillions of dollars to prop up a failed economy.
At some point it has to burst.
There hasn’t been a decent jobs report or a stable economy since Obama took office. Everything’s going steadily downhill. How are democrats going to run on the economy?
They’re such a frikkin’ joke at this point.
NPR knows. It’s either statistical noise or political uncertainty as businesses are unwilling to hire due to fears of a Trump presidency.
The ‘Rats don’t mind spreading doom and glum in order to tank the economy just before an election. The turndown in 1992 was a minor blip but their legion of shills in the so-called “news” media convinced voters that the economy was in much worse shape than it really was.
The number of downward revisions made later has been stunning. If these were just honest accounting mistakes, half the revisions would be upward.
When you have a press that will brag about the original number and not even report the revisions, it is easy to fool the masses.
Ya...cuz they’re so proud of all the part time burger flipping jobs created under Bambi.
The 94.7 MILLION Americans, no longer in the work force don’t bother them.
What ,no major blizzards to blame?
“They have been faking the numbers for seven years”
And still couldn’t make this set look good.
Right-o.
“There hasn’t been a decent jobs report or a stable economy since Obama took office. Everything’s going steadily downhill. How are democrats going to run on the economy?”
The short answer is: they’re not.
The simple fact that this latest jobs report wasn’t obviously faked nor immediately “revised” to look good means that people in high places are having little confidence in the short-term health of the economy.
If it appears like the house of cards can continue to be propped up then Hillary will be elected on the strength of the “booming” economy. If a collapse comes during her administration it will be blamed on Republicans somehow, and she will suffer little blame because she kept the good times rolling by her unending sacrifice and sound economic policies for as long as a true Wonder Woman is capable.
If, on the other hand, it looks like an economic downturn or major collapse is imminent there will be the most godawful economic reports between now and November, Hillary will be sacrificed, Trump will win and inherit an economic armageddon for which he will be vilified forever. They would rather throw the election than have a Democrat preside over a major collapse or depression. This would ensure a single term for Trump, and a real chance to recapture the Congress and run Chelsea (heaven forbid) in 2020.
Political parties aside, Hoover didn’t cause the Crash of 1929, but to this day he is blamed and ridiculed as the author of the Depression. The Democrat Plan-B is setting up Trump for the same, if necessary.
Goofy mouthed Chelsea will never be president.
...What ,no major blizzards to blame?...
No. They are actually blaming the Verizon strike for putting thousands out of work.
“Goofy mouthed Chelsea will never be president.”
Under normal circumstances you are very correct, but these aren’t normal times. If Trump winds up presiding over a totally collapsed economy, regardless that it’s not of his doing, they could run El Chapo and win.
“Political parties aside, Hoover didn’t cause the Crash of 1929, but to this day he is blamed and ridiculed as the author of the Depression.”
No, but his actions—including signing the Smoot-Hawley Tariff and imposing a major tax hike—took an already bad situation and made it much worse. His meddling was the exact opposite from the “they made their mess, let them settle it” approach taken by Warren Harding after the post-Armistice economic crash.
(Of course, what they don’t tell people is that Hoover actually began many of the public works programs that FDR was credited for.)
When you are dealing with a small sample group you can have blips that are statistical anomolies and thus the data is useless. This sample group is the entire United States and is not a blip.
We never got out of a recession. The low unemployment numbers are a function of the fact that after a certain period of time those that are unemployed are not considered job seekers and thus are dropped from the unemployment roles. In reality unemployment is around 10%.
Click on the following link for graph and short article showing the real unemployment rate.
In addition our stock market is at near all time highs. The reason for this is almost zero fed interest rates allow companies to borrow and speculate in the stock market. If the Fed tightens money this will collapse. I hope I am wrong but I see the mother of all recessions in our near future if not outright depression.
Bob Dylan wrote a song once, it was called “A Hard Rain is Going to Fall.”
And in fact, the economy was growing at better than 4% on klintons 1st day in office, and in recession on his last.
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