Obama's Phony Unemployment Numbers - Video
Submitted by Brian Middleton on Sat, 02/04/2012 - 03:00Use this to show people it's made up and fudged numbers.
By James Pethokoukis
February 3, 2012, 11:47 am
"The January jobs report is out and it seems pretty strong, at least superficially. The unemployment rate fell to 8.3 percent from 8.5 percent, the lowest rate since February 2009. And the economy added 243,000 jobs, the most since April 2011.
But does anyone believe an “official” unemployment rate of 8.3 percent really gives an accurate picture of the U.S. labor market? Even though the unemployment rate fell, so did the labor force participation rate (as more Americans became discouraged and gave up looking for work). Here’s what that means:
1. If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7 percent then vs. 63.7 percent today—the U-3 unemployment rate would be 11.0 percent."
http://blog.american.com/2012/02/why-the-official-8-3-percen...
Moderator please embed.
VIDEO explaining the phony numbers 1/4 of the new jobs were SEASONAL.
Even with the funky numbers
Even with the funky numbers 243,000 isn't a lot of new jobs and 8.3% is still a high number. Even if you agree with the methods, you have admit that's a poor return given the amount of money and effort thrown at it...
Freedom Broadcasting Network - independent grassroots network
www.fbn.tv
great vids
Paul's getting great coverage over this! Especially against Gingrich who 'bowed to the good news'!
More coverage on Fox this morning plus added bonus on the disaster of auto-indus bailout by guest Motley.
http://www.youtube.com/watch?v=aRWXvN-SYGk&feature=player_em...
"If you want something you've never had before, you have to do something you've never done before." Debra Medina
Good to see Motley hold his own against
a totally clueless interviewer.
grinch isn't smart enough to
grinch isn't smart enough to understand how bad the REAL numbers are. He's not a numbers guy like Dr. Paul