Posted on 02/18/2012 11:56:59 PM PST by OneVike
The Obama administration has released an economic report that claims everything is coming up roses, and it is making the rounds of the MSM's news outlets. Truth is, when you look into the numbers, it's rather easy to come to the conclusion that the economic reports are as screwy as the administration's employment numbers. In order to convince Americans that his economic measures are working, Obama is claiming there has been an increase in retail sales from December to January by a seasonally adjusted .4%. The administration goes on to explain that while the economy is moving in a positive direction, it is still slow. They also point out that the recently reported gains reduced unemployment to 8.3%, proving that Socialist economic policies are working. However, Obama's unemployment numbers have since been proven to be lies. Have I stated that we are in an election year and that Obama needs to get re-elected in order to continue transforming the greatest country in the history of mankind into a Soviet style basket case? To assist in the destruction, the MSM has been knowingly repeating this administration's lies.
Instead of reporting how America's real unemployment is actually up between 19 and 25%, they report that Obama has been able to get unemployment down to 8.3%. Instead of reporting that the government is spending more money than it is taking in, and that retail sales have dropped by almost $100 billion from December to January, we are told by the administration's propaganda machine that retail sales have increased by .4%. In an election year, the MSM will do everything in their power to convince Americans that Obama is even greater than Ronald Reagan.
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Monthly U.S. Total Gasoline Retail Deliveries By Refiners.
Note: the two low points are for October and November 2011, the most recent data.
Graphic: U.S. Energy Information Administration
By looking at the usage of gasoline by us citizens, you will notice that it really does back up my point that Americans are not going anywhere to buy anything. The refineries are not delivering gas to your local service station because neither you nor your neighbor are buying gas. We are staying home because our stagnant income does not allow us to put extra gas in our cars, let alone drive around to purchase things we cannot afford. Again, please notice the last two data points on the graph above. They point to a historic low amount of gas being used by Americans, which has a direct effect on the overall retail sales. Which in turn will affect the employment of Americans. So unless Americans begin buying more gas to go to the store, be prepared for the administration to offer up more bogus unemployment numbers like the ones I wrote about last week which Obama and the MSM do not want you to know exist.
(Excerpt) Read more at newsblaze.com ...
I think that we need to be cautious about the data we use and how we interpret that data. The data presented is a report of the volumes of gasoline delivered to “retail” stations over a period of time and it shows that that volume is declining rapidly. But I’m not sure that it reflects the total volume of gasoline that is actually being consumed.
I’m not in the energy industry but I consulted my good friend (Google) and quickly came up with a couple of pdfs that explain the process of gasoline delivery to the end consumer (i.e., the gas station). The bottom line is that the “refiners to retail” includes only a subset of the gasoline that we fill our cars with. Other than when I’m “on the road” traveling I buy all my gas at Costco and their gasoline is not considered “retail”. My thought is that what is happening is a change in the way many gas station owners are obtaining their gasoline supplies. There are numerous other sources of data on this if you do some internet searches. I don’t have a lot of time to do additional searches (my wife is visiting relatives so I’m sitting here entering data for “Verify the Recall”) but strongly suspect that the charts presented are only part of the story. We may end up with egg on our faces if we incorrectly assume they show the “whole story”.
Following is an extract from one of the two pdfs I am linking to at the end of this post:
“A last important dimension of retail organization concerns the distribution of the gasoline from the wholesaler and the pricing of the wholesale gasoline. In this dimension, the most important distinction is whether the station is direct supplied from the refiner or whether it is self-supplied or jobber supplied. Gasoline supplied to a direct-supplied station is delivered by the refiner and the delivery charges are included in the wholesale price of the gasoline. By contrast, stations that are not direct supplied receive their gasoline at wholesale terminals, or racks, and either supply the distribution service (tanker truck) themselves or contract with an independent distributor (or jobber) to bring the gasoline to the station.”
www.brabhamoil.com/new_images/pdf/getsell.pdf
www.ucei.berkeley.edu/PDF/csemwp144.pdf
That’s a great idea.
I have the domain name takebackusa.com that I want to do something with and this might be a way to get it started.
Do I have any volunteers?
Remember a few months ago a leftie phoned in to Rush bragging about all the jobs 0bambi created and his new his job at Target....it turned out after Rush questioned him a few times that the job was in wrecking a closed Target warehouse.
I remember that call. It was irritating.
Across the street from the shuttered Lowe’s, ground has been broken for a new super Walmart. The super Walmart will replace an already existing Walmart a few tenths of a mile away. If it were not for the new super Target across the street and down, one could see the old Walmart from the new super Walmart. So the question is, who will occupy the old Walmart?
That is one fascinating theory.
All we need is a blood sample from Obama and a sample from one of his half sisters.
DNA don’t lie.
Yet if you look at how the GOP is acting, they think they are going to lose big. There is more going on
“looks like the Real Unemployment began to increase sharply in 2008 when Bush was President, kept rising till 2010 and has begun decreasing since.”
This needs some corrective work...
“looks like the Real Unemployment began to increase sharply in 2008 when Zero was elected President, kept rising till 2010 and has begun decreasing as people give up seeking employment and leave the workforce.”
But does Real Unemployment also include people who stop seeking work? Or is that only for the regular unemployment measure.
Just a total (avoidable) mindscrew that three weeks ago the Saudis can say, we'll pump you through any trouble this year, and then turn around this weekend and turn off the spigot, so they can lock in above $100 while Israel sabre-rattles.
If I was a GOP candidate, every other word out of my mouth would be "pipeline = lifeline".
Anyone who is out of work knows the unemployment rate is much higher. I recently interviewed for a job where 500 people applied. There are millions of people underemployed (people with college degrees working as cashiers at Walmart).
Here is a typical count method to get to Real Unemployment vs.the BLS unemployment:
How to Calculate the 2011 Real Unemployment RateAs of December 2011, there were 13.097 million unemployed workers, according to the BLS. There were 153.887 million in the labor force. Divide this by the 13.097 million unemployed, and you get the 2011 year-end unemployment rate of 8.5%.
Add in Discouraged Workers
There were 945,000 discouraged workers, who had been unemployed for so long they gave up looking for work. The BLS no longer includs them in the labor force or among the unemployed. If you add them back into the unemployed and the labor force, you get 14.042 million unemployed divided by the 154.832 million in the labor force. This creates a "real" unemployment rate of 9.06%. Add in Marginally Attached Workers
Another group is the 2.54 million people who were marginally attached to the labor force.
This means they used to work, and may work again, but are no longer looking for work, often because they've gone back to school, have retired early or are caring for children or elderly at home. They may have gotten laid off, been forced into retirement or are otherwise a casualty of the recession. The marginally attached segment includes the discouraged workers. So, if you add the rest of the marginally attached workers back into the unemployment and labor force numbers, you get 15.637 million real unemployed divided by 156.427 million labor force and a real unemployment rate of 10%. Add in Part-Time Workers
There were 8.098 million people who were working part-time because they couldn't get full-time work, although they'd prefer it.
They are counted in the labor force, though not in the unemployed. If you counted them as unemployed, along with the marginally attached workers, you'd get 23.735 million unemployed divided by the 156.427 million labor force and an unemployment rate of 15.17%. (Source: BLS, Employment Situation Summary Table A. Household data, seasonally adjusted)
And of course, there are many who wanted to finish out there career, but were laid off, and those who collected two years of unemployment and then filed for mental disability when their unemployment ran out ... see: Millions file for Mental Disability
Count verbiage was from http://useconomy.about.com/od/suppl1/f/real_unemployment_rate.htm
bttt
>> “Too many images will kill a thread for visitors with slower computers and access” <<
.
Images can be stored down to lower resolution to speed up the thread.
BTTT to find later.
Thanks, OneVike.
Your source is here: http://www.eia.gov/dnav/pet/pet_cons_refmg_d_nus_VTR_mgalpd_m.htm
And mine is here: http://www.eia.gov/dnav/pet/pet_cons_psup_dc_nus_mbbl_m.htm
Why so different? You need to add all of the column, not just that top line which is just a narrow segment of the market. When converted to barrels (42 gal in barrel) that is 8.4 million barrels per day for November 2011.
Go to mine, at the top use the Monthly-thousand barrels per day. Nov 2011 shows 8.5 million barrels per day - close enough with difference probably adding ethanol at terminals or what goes to storage.
When I used to drive down to Miami in the late 1990s and early 2000s, I would be amazed to see the amount of building going on. I said to my husband, “where are they going to find enough people to fill all those houses.” Well, I guess they didn’t. When I hear that Nevada and Florida are two of the worst off places, I begin to wonder if there wasn’t one heck of a lot of drug money being laundered in the construction industry which would explain some of the overbuilding, especially there. Any thoughts, anyone??
What also amazes me is seeing the DOW about to break 13,000, and the NASDAQ 3000. Somebodies apparently don’t think we are done for. Hope they are right.
The real estate boom was fiction - using fictional loans with fictional money.
I haven’t studied it, but I’m wondering if the stock market boom is fictional using fictional (borrowed) stimulus funds. I recall Glen Beck a long time ago (a year?) saying how only half the stimulus funds had been spent. And he surmised Obama would wait until the election to dump the rest into the market.
I haven’t listened to Beck in quite awhile though. And it would seem too early for Obama to try to rig the numbers for the election. Probably just increased on the fictional quarterly figures.
You haven't factored in a couple vital things.
1. All the conservatives who have declared they aren't going to vote in November if they don't get their perfect candidate.
2. Voter fraud.
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