Northeast Intelligence Network
Unlike the Inept-in-Chief, his Ikhwan advisors and appointed incompetents in the U.S. State Department who have been attempting to micromanage the crisis in Egypt via remote control, there are other forces at work that have real boots on the ground in the former land of the Pharaohs.
When Obama & Company declared that the transition from Hosni Mubarak’s rule to whatever is supposed to come next had to begin “now” with Mubarak’s immediate resignation, they utterly failed to account for specific provisions of the Egyptian Constitution.
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.”