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Topic: Obama’s jobs report isn’t a conspiracy.
But the figures are debatable and
the recovery is dubious |
Obama’s jobs report isn’t a conspiracy.
But the figures are debatable and
the recovery is dubious
Telegraph [UK], by Tim Stanley
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Original Article
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Posted By:Attercliffe, 10/7/2012 4:48:54 PM
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| President Obama has his October surprise. Jobs figures for September were released on Friday and they show a fall in unemployment from around 8.1 percent to 7.8 percent. This hardly amounts to a recovery and it might not save Obama from defeat (in October 1980, Jimmy Carter lost the White House with an unemployment rate of 7.5 percent). But it’s enough to revive his campaign after the humiliation of Wednesday’s presidential debate. What’s good for America is good for the incumbent. There’s been a lot of talk about a conspiracy on the administration
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Comments:
Some great knowledgeable reader comments from those who aren't fooled by Obama's numbers.
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Reply 1 - Posted by:
GOP_U_BET, 10/7/2012 4:56:19 PM (No. 8916413)
The U-6 is the important number and it is at 15%, which is horrible.
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Reply 2 - Posted by:
Robinsolana, 10/7/2012 5:43:34 PM (No. 8916483)
The numbers do not add up.
There is no rational for a .3% drop when the new jobs are nearly the same as last month.
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Reply 3 - Posted by:
Phantomll, 10/7/2012 5:47:40 PM (No. 8916496)
It takes 150,000 jobs just to break even. Only 114,000 were added.
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Reply 4 - Posted by:
john56, 10/7/2012 5:58:46 PM (No. 8916516)
For the last several months, Obama's BLS minions have been moving more people out of the workforce (remember: the labor force is the smallest since about 1981).
And if they didn't stop looking for work, well, they went on the disability rolls.
After months of that, it set up the numbers to take advantage of a screwy "household sample" to throw the number where Dear Leader wanted it.
Problem is, he probably needed that to happen NEXT month.
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Reply 5 - Posted by:
Davids918, 10/7/2012 6:19:34 PM (No. 8916535)
Somehow the Democrats have suddenly become very comfortable with part-time workers, hamburger flipping-jobs instead of regular full-time jobs.
Suddenly, the single largest monthly gain in 29 years takes place?
Millions have exhausted their unemployment benefits (99 weeks) and no longer counted in these figures.
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Reply 6 - Posted by:
Blue-Z-Anna, 10/7/2012 6:26:04 PM (No. 8916548)
Can you imagine the media outrage if GWB was accused of fudging the numbers ????
They would just KNOW it was true.
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Reply 7 - Posted by:
strike3, 10/7/2012 6:36:54 PM (No. 8916555)
There is a far greater conspiracy. They have been trying to pass Barry Obama off as a president for four years now. I'm not buying that one either.
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Reply 8 - Posted by:
KTWO, 10/7/2012 6:45:08 PM (No. 8916568)
The good news is that people will gradually - I hope - put less faith in the official unemployment U-3 rate and look for better statistics.
Of the six U- numbers from the BLS I believe the U-6 is the best of a bad lot.
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Reply 9 - Posted by:
bobgray2, 10/7/2012 6:46:36 PM (No. 8916571)
Of course it's a conspiracy. They decided to use the results of a household survey instead of the usual method, and we all know how accurate their polls are. You have to ask just how random is their survey. Betting that the unemployment number would drop below 8% right before the election was as close to a sure thing as you would ever see.
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Reply 10 - Posted by:
Bur Oak, 10/7/2012 7:27:40 PM (No. 8916617)
A country is in trouble when the government openly lies to its citizens.
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Reply 11 - Posted by:
KimoSaavy, 10/7/2012 9:16:21 PM (No. 8916817)
Honestly, sometimes the UK papers seemed to be written by impressionable ten year olds.
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Reply 12 - Posted by:
Kurto, 10/7/2012 10:53:32 PM (No. 8917031)
Fascist dictators do not need conspiracies...
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Reply 13 - Posted by:
Trigger2, 10/8/2012 8:13:55 AM (No. 8917445)
A poll is what dropped the unemployment rate. See how ingenious they are. Now they're doing unemployment rates by poll. They must think we're all stupid.
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