albacized Posted March 6, 2012 Report Share Posted March 6, 2012 Here's an article which explains (in better terms) a point I was trying to make several weeks back: The most recent unemployment number is a total lie, and that lie was repeated all over the mainstream media (MSM). Two sins were committed here, and I don’t know which one is worse. The report was a sham, and the MSM reported that information without a single question about its accuracy. In a story carried across the MSM spectrum, the Associated Press said, “In a long-awaited surge of hiring, companies added 243,000 jobs in January – across the economy, up and down the pay scale and far more than just about anyone expected. Unemployment fell to 8.3 percent, the lowest in three years.” The report went on to say, “At the same time, the proportion of the population working or looking for work is its lowest in almost three decades. The length and depth of the recession have discouraged millions of people from looking for jobs. The better news of the past couple months has not yet encouraged most of them to start searching again.” (Click here for the complete AP story.) Here’s a headline for you. If it were not for accounting gimmicks and what the government calls “seasonal-adjustments,” the unemployment rate would have gone up, not down! In his latest report, economist John Williams from Shadowstats.com said, “January’s unadjusted unemployment rate rose to 8.8% . . . The only difference between those numbers and the headline 243,000 January jobs gain and 8.3% unemployment rate, is how the seasonal adjustments were applied. There are serious issues with the current quality of those adjustments, and extremely small distortions in those seasonals can make big differences in the resulting headline data.” As far as “discouraged” workers who are not looking for a job, that is total rubbish put out by the government. The real story is the Bureau of Labor Statistics (BLS) simply has stopped counting more than 1.2 million of the unemployed in its report Friday. Williams goes on to say, “The issues here suggest that the headline 8.3% unemployment for January has moved well outside the realm of common experience and credibility, into the arena of election-year political shenanigans.” Williams is such a gentleman. Please take into consideration the government’s “official” or “headline” number is only based on people being out of work for 6 months or less. If the unemployment rate was calculated the way BLS did it in 1994 and earlier, the unemployment and underemployment would be 22.5% (according to Shadowstats.com.) A recent report by a D.C. consulting firm estimates about 3 million long-term unemployed have been dropped from the unemployment statistics in the last few years. (Click here for that story.) The Obama Administration has predicted the “official” unemployment rate would be below 8% by the November 2012 election. Heck, if you stop counting enough people, you can get the unemployment rate down below 5%, and that will make the 15 million or so unemployed feel really good. Taxpayers are paying to be essentially hoodwinked by the BLS, and the mainstream media never questions these numbers. Meanwhile, on the very day the fantasy unemployment numbers were released, it was reported that planned layoffs surged. Reuters reported last Friday, “Employers announced 53,486 planned job cuts last month, up 28 percent from 41,785 in December, according to the report from consultants Challenger, Gray & Christmas, Inc. January’s job cuts were also up from the same time a year ago, gaining 38.9 percent from the 38,519 layoffs announced in January 2011.” (Click her for the complete Reuters story.) With unemployment going up to 8.8% (without the government’s accounting gimmicks), this jobs report is especially dishonest, but almost every month the government lies to America about the so-called “recovery.” Jim Willie at Goldenjackass.com says the government lies about the economic statistics to hide an economy teetering on the edge of an abyss. In his latest post, Mr. Willie (who holds a PhD in statistics) said, “The entire system requires the constant banter of recovery, legitimacy, hope, and integrity. All are sorely lacking, glaringly lacking. The economic numbers have few honest series of data. My favorite honest series remains the income tax payroll withholdings, which screams of chronic recession in basic tones. . . . The US economy remains the weakest of all industrialized nations. Its corruption remains the highest in data reporting. See American Airlines for job cuts. See the Manhattan banking sector for job cuts. See state and local governments for job cuts. See college and university construction projects for job cuts.” (Click here for the complete Jim Willie report.) The Federal Reserve just announced an extension of 0% interest rates through 2014. The Fed didn’t do this because it thought the economy was going great guns. You can say whatever you like about the Fed (I think it should be audited on a regular basis), but those folks are not stupid. For everybody to believe the economy is surging forward, you have to also believe the Fed and its hundreds of economists got it all wrong. Last Friday, the government reported an improvement in unemployment when, in fact, it jumped up, which is why I call Friday’s jobs number an 8.3% unemployment lie . http://usawatchdog.com/8-3-unemployment-lie/ Link to comment Share on other sites More sharing options...
longcaster Posted March 6, 2012 Report Share Posted March 6, 2012 Boy, I didn't see that coming. If being stupid got us into this mess, how come being stupid can't get us out?I don't want to behave improperly, so I just won't behave at all. Link to comment Share on other sites More sharing options...
HardyG Posted March 6, 2012 Report Share Posted March 6, 2012 Well, this article seems like quite a rant. Here's some real-world experience: my buddy who has been out of work for an excruciating amount of time just got hired by a fortune 500 corporation and for the first time in his professional career, he has employer-paid health insurance. He had two offers to choose from. For somebody who made 50K a year with a family of 4 and had to pay for 13K a year for health insurance out of his pocket, this is a Godsend. My sister in law just got a full-time job after being out of work for 18 months. My clients are reporting higher payrolls. It ain't time to pop the champagne. but it seems like the only people who are proclaiming and clinging to visions of apocalypse are republicans. They want high unemployment. They want misery among the American people. They want more wars to "eliminate weapons of mass destruction", just like we did in Iraq. Gee, that was a success . osama bin laden's corpse has been picked clean by crabs because of Barack Obama, but george bush did NOTHING to catch him. Obama had a drone strike called in on Anwar al-Awlaki, but republicans on this site protested that Obama had killed an "American". It is now clear who is American and who is anti-American, and republicans need only look in the mirror. Just imagine how happy you would be if you lost everything you have in life and then suddenly got it back SOL Member #101 Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted March 6, 2012 Report Share Posted March 6, 2012 I'd refute this lame argument, but since I don't use "blogs by nut-jobs" as a source, it would be an effort in futility. I see your 22% and raise you a dead cat. Stats for Feb have not even been posted by the US department of ass-kissers, yet...... Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted March 6, 2012 Report Share Posted March 6, 2012 Well, this article seems like quite a rant. Here's some real-world experience: my buddy who has been out of work for an excruciating amount of time just got hired by a fortune 500 corporation and for the first time in his professional career, he has employer-paid health insurance. He had two offers to choose from. For somebody who made 50K a year with a family of 4 and had to pay for 13K a year for health insurance out of his pocket, this is a Godsend. My sister in law just got a full-time job after being out of work for 18 months. My clients are reporting higher payrolls. It ain't time to pop the champagne. but it seems like the only people who are proclaiming and clinging to visions of apocalypse are republicans. They want high unemployment. They want misery among the American people. They want more wars to "eliminate weapons of mass destruction", just like we did in Iraq. Gee, that was a success . osama bin laden's corpse has been picked clean by crabs because of Barack Obama, but george bush did NOTHING to catch him. Obama had a drone strike called in on Anwar al-Awlaki, but republicans on this site protested that Obama had killed an "American". It is now clear who is American and who is anti-American, and republicans need only look in the mirror. ......that poor sweet man...... Link to comment Share on other sites More sharing options...
hamlet Posted March 6, 2012 Report Share Posted March 6, 2012 Well, this article seems like quite a rant. Here's some real-world experience: my buddy who has been out of work for an excruciating amount of time just got hired by a fortune 500 corporation and for the first time in his professional career, he has employer-paid health insurance. He had two offers to choose from. For somebody who made 50K a year with a family of 4 and had to pay for 13K a year for health insurance out of his pocket, this is a Godsend. My sister in law just got a full-time job after being out of work for 18 months. My clients are reporting higher payrolls. It ain't time to pop the champagne. but it seems like the only people who are proclaiming and clinging to visions of apocalypse are republicans. They want high unemployment. They want misery among the American people. They want more wars to "eliminate weapons of mass destruction", just like we did in Iraq. Gee, that was a success . osama bin laden's corpse has been picked clean by crabs because of Barack Obama, but george bush did NOTHING to catch him. Obama had a drone strike called in on Anwar al-Awlaki, but republicans on this site protested that Obama had killed an "American". It is now clear who is American and who is anti-American, and republicans need only look in the mirror. I think you forgot "Republicans hate women". I won't tolerate your intolerance, because I hate hate. Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted March 6, 2012 Report Share Posted March 6, 2012 I think you forgot "Republicans hate women". That seems to be the impression. Right or wrong....... Link to comment Share on other sites More sharing options...
albacized Posted March 6, 2012 Author Report Share Posted March 6, 2012 ......that poor sweet man...... You're not Sandra 'I know how to play the game' Fluke by chance, are you? Link to comment Share on other sites More sharing options...
Kings over Queens Posted March 6, 2012 Report Share Posted March 6, 2012 My clients are reporting higher payrolls. Well, mine aren't. But, if it helps, one of them did buy a new car last month, and I've got a guy buying a new house. #otterlivesmatter Link to comment Share on other sites More sharing options...
MikeM58 Posted March 6, 2012 Report Share Posted March 6, 2012 That seems to be the impression. Right or wrong....... I wouldn't paint the whole party that way, and I doubt you do either. Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted March 6, 2012 Report Share Posted March 6, 2012 You're not Sandra 'I know how to play the game' Fluke by chance, are you? Nope, I'm all man. If someone calls me a bad name (to my face) they get to make out with the sidewalk. That's the main difference. Link to comment Share on other sites More sharing options...
Gamakatsu Posted March 6, 2012 Report Share Posted March 6, 2012 The same methodology for calculating unemployment has been used since early in the Clinton administration. If it's a lie now, it's been one for almost two decades. Be careful what you read on the internet. Link to comment Share on other sites More sharing options...
The Mad Deckhand Posted March 6, 2012 Report Share Posted March 6, 2012 I wouldn't paint the whole party that way, and I doubt you do either. Correct, but that's what a lot of people think now. Link to comment Share on other sites More sharing options...
HatterasJack Posted March 6, 2012 Report Share Posted March 6, 2012 Well, mine aren't. But, if it helps, one of them did buy a new car last month, and I've got a guy buying a new house. if we could get a spring Bar-b-que invite over to your Ponderosa ... it would help take the sting outta this downturned economy for many of the members "Gradatim Ferociter / Carpe Diem / No Guts, No Glory "I hate taxes, and Communism, and inflation. Now, get to work, and remember that the person who makes decisions around here is ME." Ronald Reagan Link to comment Share on other sites More sharing options...
longcaster Posted March 6, 2012 Report Share Posted March 6, 2012 Well, this article seems like quite a rant. Here's some real-world experience: my buddy who has been out of work for an excruciating amount of time just got hired by a fortune 500 corporation and for the first time in his professional career, he has employer-paid health insurance. He had two offers to choose from. For somebody who made 50K a year with a family of 4 and had to pay for 13K a year for health insurance out of his pocket, this is a Godsend. My sister in law just got a full-time job after being out of work for 18 months. My clients are reporting higher payrolls. It ain't time to pop the champagne. but it seems like the only people who are proclaiming and clinging to visions of apocalypse are republicans. They want high unemployment. They want misery among the American people. They want more wars to "eliminate weapons of mass destruction", just like we did in Iraq. Gee, that was a success . osama bin laden's corpse has been picked clean by crabs because of Barack Obama, but george bush did NOTHING to catch him. Obama had a drone strike called in on Anwar al-Awlaki, but republicans on this site protested that Obama had killed an "American". It is now clear who is American and who is anti-American, and republicans need only look in the mirror. More proof the indoctrination is working, I'm sorry to say. If being stupid got us into this mess, how come being stupid can't get us out?I don't want to behave improperly, so I just won't behave at all. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to register here in order to participate.
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now