Posted on 04/06/2012 7:33:47 AM PDT by SoFloFreeper
News Thursday that the U.S. Department of Labor revised upward its weekly initial jobless-claims number for the previous week didn’t cause much of a huge stir on financial markets, but it represented the latest in an unusual string of adjustments to the closely followed data.
The Labor Department has now revised upward its first estimate of seasonally adjusted claims in 56 of the past 57 weeks, a Dow Jones analysis of claims reports found. Revisions to government data occur on a regular basis but it is uncommon for numbers to nearly always be restated in the same direction.
(Excerpt) Read more at blogs.wsj.com ...
And for those who think Republicans are the same as Democrats, you are wrong.
Bush's economy was much MUCH better than Obama's.
Ford's economy was MUCH better than Carter's.
Both of those Republicans were imperfect, but the alternatives were worse.
Clinton was a rare exception...and even his allies now admit he did NOT inherit an economy in recession. Also, Clinton had a Republican congress holding him accountable.
>>56 of last 57 weeks, Obama’s numbers have been wrong<<
One week for each State!
Anyone know how many times Bush’s numbers were revised?
What is particularly disturbing is that no one seems to care about the lies that keep coming from this pathological, pos, poseur, LIAR.
I was wondering the same thing. I’ll check back later to see if you got an answer.
Clinton had this new fangled thing called the internet and the first Republican congress in 40+years.
Track the current economic downturn, all indicators tanked AFTER the Dems retook congress in the 06 elections.
The article says numbers are revised quite often; what is worrisome with Obama is that the numbers are always revised DOWN.
...there are, on average, 4,413,000 jobs “added” purely due to ‘seasonal adjustments’.
...average March seasonal adjustment which has averaged to
824,600 jobs over the past decade.
Obama’s March seasonal adjustment isn’t even close.
It’s not just the Obama Administration that is putting a shine on the job numbers. Last night, on NBC national news the news gal was saying the recession is over and the jobs number to be released this morning was likely to show 250,000 new jobs created. Well, the number came in at 120,000, half of what she was shilling. I suppose NBC figured with Good Friday and the start of spring break that they could lie to us on Thursday night as we would be sleeping from Friday to next week.
And if this was under a repub prez it would be earth-shattering, day-to-day, minute by minute harping.
Just damn.
And record capital gains revenue which gave him cover for spending increases. Of course the revenue was from the Tech bubble where billions were made on Wall Street from Companies that never made a dime of profit. Clinton benefited from a true faux economy.
Bingo!
If this scam wasn't rigged, experts trying to predict a correct number would most likely miss high or low roughly the same amount of times.
56 out of 57 the same way? Liars.
57 weeks; 57 states — a match made in heaven. s/off
Simply put, you cannot trust a single number the administration is putting out. And the compliant media, will keep on covering this as if it shows a recovery happening, when what is really happening is the lowering of participation in the labor market.
ABC news on the radio this AM was touting the numbers as positive signs that the recovery is proceeding. They mentioned first the lower rate and the number of new jobs. Only at the end did they happen to mention, by the way, the numbers are lower than forecast. Those darn forecasters.
This chart demonstrates that estimates have been low for over 11 years, to the tune of 1.9 million jobs, as we know. My memory is that Bush's job numbers were consistently overestimated, then revised downward -- perhaps that amount of detail isn't visible with the scale of this chart or my recollection is inaccurate.
Just the other day I was listening to snippets from a Clinton interview, where the interviewer asked him "You turned the economy around. Can Romney?" I wanted to rip the radio out of the dash.
Clinton inherited an economy that was growing for a year and nine months, and was boosted by all of those jobs created by the onset of ecommerce and Y2K.
He also had the benefit of not having to budget for the Cold War, which ended before he took office, and his failure in leadership left the WOT to be waged (paid for) by his successors.
But none of this will stop the MSM from singing his praises. If the Democrats with their MSM allies can't defend Obama, they'll run on "Clinton's economy". We need to have answers ready.
CLINTON BENEFITTED FROM NEWT GINGRICH AND A REPUBLICAN CONGRESS FOR THE FIRST TIME IN 40 YEARS
That too.
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