Posted on 05/09/2011 3:24:36 AM PDT by Son House
ZUCKERMAN: If you measure it with U6 rather than U3 measured by people who have applied for a job within the last six months who don't have work then you're looking at an employment rate with 15.7% and if you add to that the 2.3 million discouraged workers who have just given up then you're looking at a real unemployment rate of close to double the 9%, close to 18%. So we have not really made much headway in terms of reducing unemployment.
Thanks Rush, no one else called them on that 2 millions jobs
And Goolsbee isn’t the only one saying 2 million jobs;
May. 6, 2011
http://www.indystar.com/article/20110506/NEWS/110506010/Obama-want-energy-breakthroughs-Indiana?odyssey=tab|topnews|text|IndyStar.com
“That means over the last 14 months,” Obama said, “we’ve added more than 2 million jobs in the private sector.”
http://www.monstersandcritics.com/news/business/news/article_1637565.php/Hiring-picks-up-but-US-jobless-rate-up-to-9-per-cent
White House Press Secretary Jay Carney pointed out to reporters that April was the 14th consecutive month of growth in private sector employment, for a total of 2.1 million jobs
If it were a Republican in the White House, the press would be screaming.
And this am on Boston’s channel 4 (CBS), news, we were treated to what amounted to a campaign commercial for the boy king. They went on and on about last night’s 60 minutes interview with Zero saying “I, I, I, I....”. Evidently he’s won the war on terror all by himself. Get down on your knees!
True. The blatant spin of all things bad relating to Obama is a sales job to the American people. The Media and this administration are convinced a majority of voters are dumb enough to believe anything they’re told, and they might be right.
“...they might be right.”
Yup.
Speaking of “State run media” I would suggest tuning out Fox news whenever they do their propaganda bit about the “Obama superwarrior that killed Usama Bin Laden”.
I spend my weekends sitting in a recliner resting, watching movies or NASCAR, but occasionally I tune into the news, and no matter what part of the hour FOX is blasting away about Obama saving the world from evil.
Give me a break FOX.
Fox is gone bad. Fair and balanced means they present lies alongside truth with both given an equal opportunity.
Does this Administration tell the truth about anything???
I’m still wondering about the birth/death rate, and why do births translate to jobs created? That does not make any sense?
I don’t even know why people even bother watching the propaganda on CNN, MSNBC, CNBC and now Fox. It’s all government propaganda most of the time. There are some shows that are an exception to the rule. However, most of the time it’s State Run TV.
That is why I cut them off. I was sick of all the heavy leftist tilt. It gets old.
Members of the media are whores, plain and simple.
Ugh.
He also posts some flat-out fake stuff as real, too.
The common refrain from most Dems and Bush-haters is that our 4 year recovery is creating mostly low wage retail and burger flipping jobs. Actually this is the standard propaganda from the Dems anytime a Republican is President. Nothing could be further from the truth. This analysis of job changes and average wages from July 06 to July 07 clearly shows that about 1.3 million new high wage jobs were created, and about 350,000 high wage mfg and construction jobs lost. That's a net of 950,000 new high wage jobs. There was also another 650,000 or so new medium and lower wage jobs. Please check out this link http://www.optimist123.com/optimist/2007… especially the second graph. That graph references Table B-3 from the Bureau of Labor Statistics on wages. That table can be found here http://www.bls.gov/news.release/empsit.t…
Because the birth of a firm translates to jobs pretty immediately. The death of firm means many people are out of work immediately.
| In the 2008 election Hillary didn't have what it takes to challenge Obama. On the Left, the fear of the old and worn 'racism' charge trumps all. Bernanke said 2011 growth has slowed to less than a 2 percent in the first three months of this year. The Fed chairman said: ''most of the factors that account for the slower growth in the first quarter appear to us to be transitory.'' Right Mr. Chairman, 'transitory' in the same way the current administration is 'transitory'. The first won't end until the other ends. And I guess if we enter the worldwide socialism club, we'll never have to worry about growth again. All I know is that if they tell us we had 1.8% growth, it really means we had no growth or negative growth. Trillions of dollars worth of unsustainable debt is signaling that more QE is inevitable regardless of the jawboning rhetoric of Ben Bernanke who up until last week refused to admit that inflation even existed. When will Bernanke admit the Fed policy is a total failure? For the guy who cranks out new dollars on the Treasury's printing press, he spends a lot of time insisting the value of the dollar is someone else's responsibility. Can you say 'Kabuki theater?' So the Fed's inaugural 'meet the press' moment was in fact preparing the ground for the start of QE3. Bernanke has his 'tools' you know. It's all fiat money now, meaning that it has value only because the Fed says it does! So we have an unstable economy wobbling atop unsound money. Money that the government takes from taxpayers, or borrows with no intention of paying it back, or prints without end. The Fed will have printed about $1.8 trillion from the end of 2008 to the end of June, 2011 - partly to finance staggering federal government deficits of nearly $4.5 trillion over the three years. So the Fed's actions are undermining the dollar precisely because that's what the White House wants Countdown until Obama leaves Office: 619 days as of May 9, 2011.
------------------------------ Welcome to the 1970s: low growth, high inflation. And the Keynesians argued this can't happen. The whole QE2 pump-priming hasn't stimulated economic growth, but has stimulated inflation. It's all virtual money now! Hope and Change.... Tragic. |
The Obambie administration is a lie, and built on the same principle.
“For the guy who cranks out new dollars on the Treasury’s printing press, he spends a lot of time insisting the value of the dollar is someone else’s responsibility. Can you say ‘Kabuki theater?’ “
outstanding point! I seem to recall back in the 70s and 80s that we were concerned that the Soviet Union was counterfeiting U.S. money. Heck even our dollars look different today due to counterfeiters. However, it’s okay when the Federal Reserve prints money out of thin air based on nothing. Now we know why they do not want to be audited. Unbelievable!
The birth/death rate has to do with companies starting up and companies dying.
More here.
Looking forward to the coming riots in Nov. ‘12.
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