Tag Archives: Unemployment

That Darn George Bush

H/T Mike

Here’s an opinion piece by Chuck Green who
writes “Greener Pastures”
for the Denver Post Aurora Sentinel,
one of the more liberal papers in the country. Additionally, Mr. Green is a
lifelong Democrat.  So this is a rather a stunning piece…

Continue reading

What We Got From Porkulus

Moonbattery

In honor of Comrade Obama, maybe we should rename this Looting and Mooching Day, since under his regime, ever fewer Americans labor — as these numbers make clear:

Continue reading

Crossroads GPS “Thread”

Obumble And The Press: Clueless Together

Wizbang

As tortuous as it is to listen to Obama speak, force yourself to watch this video of his latest press conference:

When the White House press corp lap dogs were finally allowed to ask questions, he went from being a well rehearsed, well prepared speaker to what can only be described as a man with a severe speech impediment.  His answers were incoherent at times, his tone monotonous, delivered in a slow, broken, constipated cadence.  Without his teleprompters, his ability to speak fluidly is lost.

Continue reading

The High Price of Obama’s Fake Jobs Scheme

Heritage

Sometimes magic tricks just aren’t that great, and even the most innocent, wide-eyed child can’t be fooled by the illusionist’s flourish. Such is the case with the rabbit the White House is trying to pull out of its magic hat by claiming that President Barack Obama’s stimulus has created or saved 2.4 million jobs at a cost of $666 billion, all while the United States continues to suffer 9.1 percent unemployment. If you do the math, that comes out to around $278,000 per job.

That information comes from a White House Council of Economic Advisers (CEA) report released last Friday that desperately tries to maintain the illusion that Obama’s stimulus has saved the day for struggling Americans.

Continue reading

The Obama Legacy

Crossroads GPS: Shovel Ready

Goolsbee, Obama’s top economic adviser to resign after less than 10 months

I guess the rats are deserting the sinking ship. I wonder how long will it be before Obama blames this on Bush?                                        1 Dragon

 

The White House announced Monday evening that Austan Goolsbee, the Chairman of President Obama’s Council of Economic Advisers, will resign his post in the coming months.

Continue reading

Obama a Quantifiable Disaster

Human Events

Presidential success can be measured in many ways—by the number of votes cast on a President’s behalf, by the number and nature of laws he’s signed, by the number of military conflicts he’s won or averted.

But a President’s success is most strongly linked with the quality of life of the people he leads.  Unfortunately for our current President, by that measure Obama has thus far proved a quantifiable disaster.  Let’s take a look at the numbers.

Continue reading

The Official Unemployment Rate; an “Official” Lie

CFP

Do you believe Friday’s government report that the unemployment (U.3) rate fell last month from 9.4 percent to 9.0 percent?  How could the rate decrease when January only saw a reported increase in payroll employment of 36,000 jobs when some 150,000 new jobs are needed to be created each month just to stay even with population growth?

According to Friday’s Bureau of Labor Statistics report, a 0.4 percentage point decline in the unemployment rate means “the number of unemployed persons decreased by about 600,000.”  Where did the other 564,000 January jobs come from as they cannot be found in the reported jobs data?

The jobs are phantom jobs created by faulty seasonal adjustments. As statistician John Williams (shadowstats.com) puts it, “the extraordinary severity and duration of the economic duress in the United States during the last three to four years has destabilized traditional seasonal-factor adjustments and the related monthly reporting.”

Continue reading