Posted on 01/11/2016 4:06:12 PM PST by GilGil
So what happened to the non-seasonally adjusted (NSA) job count in December at similar points late in the course of prior cycles? Well, in December 1999 about 140,000 jobs were added and in December 2007 there was a NSA gain of 212,000. This time we got the magnificent sum of 11,000, and by the way, last year was only 6,000.
The real news flash in the December “jobs†report, therefore, is that even by the lights of the BLS’ rickety, archaic and virtually worthless establishment survey, the domestic economy is dead in the water. We are not on the verge of “escape velocity,†as our foolish monetary politburo keeps insisting; the US economy is actually knocking on the door of recession.
(Excerpt) Read more at newsmax.com ...
Yes, he is a failure and has been all his life.
Black Privilege moved him along, all the way to the top.
The Obama Principle is in effect.
I keep thinking how many hundreds of thousands of people have been butchered because of Hillary and Obama. Not to mention the thousands killed in the sanctuary cities. It is like we have murderers and rapists at the head of the American government. Oh! Wait! We do!
Dead in the water? And with an election scheduled for this fall?
What could possibly go wrong at this point?
This is not going to help the Current Occupant’s resume, you know.
I have been wondering if the business community is starting to see the Trump vision and are torpedoing the economy and the markets to make sure dems do not win.
Woohoo!!! Winter Recovery XXXXXXXXXVVVVVVIIIIIIII!!!!!!!!
Now, somebody alert the media so we can get this party started!!!
[knocking on the door of recession]
We’re already inside the door of Depression II. Many won’t feel it until a few more bubbles go pop. Then, they’ll wonder what happened.
I agree.
However our media is completely on the democrats side. They lie, over and over.
Problem is the GOP is not much better..
As I’ve often said: making History * is a damn poor reason to make history.***
* in the sense of fulfilling some grand narrative
*** what actually happens
Winter Recovery 7!! Or is it 8?!?
The entire apparatus of the government is been corrupted by these people and thus nothing of what they say can be believed.
292,000 jobs...nonsense.
I think it’s Winter Recovery 57!!
Or Summer of Recovery 666.
I keep losing count.
When you see that Obamacare was a pile of lies and not one thing represented was true, there is no point in believing any of them.
I enjoy your biting sarcasm.
These people do not understand the grand design of God’s creation.
Nothing goes as we see it. It never will. It goes as we pray for it.
How it gets there is a miracle.
Stockman must know a lot about writing fiction because the snarky moron sure put it out with this oped. The BLS back here on the planet earth says--
--that w/o the seasonal adjustment the number of employed did not increase by 11K, it fell by 63K. The BLS is fine, it's the reporting from the press that's garbage. I'm used to that but somehow I'm having a harder time w/ all my fellow freepers who believe idiots like Stockman.
I hope the next president gets rid of these absurd establishment propagandists by hiring the likes of David Stockman.
BLS is not the only propaganda. Education statistics, Health satistics and others are 90% bogus. One has to hunt through the bs noise to find anything useful.
;)
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