the 8 is all Bush while BO only is responsible for 2.4 soon to be 2.6, 2.8, 3.4, 9.6. Except then they just take everything above 2.5 and add that to Bush and divide it by Reagan and add Nixon and square Eisenhower and multiply Hoover.

Simple

And we should be pointing out that this supposed “increase” is exactly in keeping with the holiday hiring season from the last five years.

Besides, real unemployment is actually much higher, on the order of 26 percent.

Last month, with “official” unemployment at 10.1%, the “real” unemployment rate — computed the way it used to be computed, before the change in 1993 under Bill Clinton to lower the figure — was 17.5%. At that rate, it should be close to 18% true unemployment for October.

I finally landed a new job. My new job is as contractor to do IT support for a government agency. So when the numbers for December come out, I will be counted as a private employee. But should I?

And then I started thinking about my last job. It started off as why I considered a solid private sector job, field support for a raft of customers including banks, lawyers, schools, and such. But in 2000 it was acquired by a company that primarily performed government contracting work. It was supposed to reduce their cost for doing business since they would no longer have to pay the profit to the private company while providing a synergistic boost to the IT company. A couple years later, having profitably weathered the worst downturn in the IT industry that division was disbanded because it didn’t fit the company model. I still thought of myself as privately employed because I was doing the same type of work, but was that really true?

I think the answer for the new job is clearly not. The work will be direct support to a government agency. In fact in the past it would have been a direct government job. And I’m starting to lean that way for the old job after the IT division was disbanded. Which means we may need some new concepts, definitions, and numbers to analyze what is really happening with the economy.

…and then brace for February’s report, when retailers and other companies start another round of closings, reductions and layoffs because of disappointing Christmas sales.

We should officially hit 11% by January — and there’s a possibility that we may hit it in December. Expect to be edging toward official 12% by Feb or March. We are not going to stay steady around 10% throughout next year. 70% of the economy depends on consumer sales, and with real unemployment above 17% nationally, the government can only support things for a limited time.

If the official unemployment figure for November isn’t about 10.5%, it’ll only be because more people have been removed to Limbo because their unemployment ran out and they are no longer officially counted. And then the U6 true rate will be up close to 18% unemployed since they are counted there.

Somebody really ought to bring this up on the floor during the Senate debate. Filibuster for the unemployed, anyone?

n/t

And with each passing day, it gets harder and harder to sell that one.

The electorate are always in “What have you done for me lately?!” mode. Trying to reply to that impulse with a “It was all the last guy’s fault!!” response doesn’t answer the question, and causes the electorate to get cranky and puts them in the mood to slide their kicking boots on…

Golly, I thought, with his massive resume in management and administration, that he would be as much of a genius about business as he is about commanding troops.

I’ve owned my own business for 32 years, and can honestly state that there is NO greater enemy we have ever faced than this current gang of vicious, anti-business, un-American leftist thugs in the White House and Congress.

But yeah, I’ll run right out and hire a dozen new people, even though I have nothing for them to do. Then I’ll go broke. Will that make The One happy?

Knowing the duplicity present in this administration, why should we assume that the numbers have not been tinkered with?

I know that some will argue that if such occurred, why would they not lower it to 8% and claim great success? To which the response is that there are limits to fraud.

On the other hand, temporary Christmas employment might have pushed things upward, along with expanding the leeching, non-productive FedGov bureaucracy.

I can agree that this seems like looking for a leaden cloud in a clearing sky, but given all the lies from BIG BRObama and Company, I am skeptical.

All of you complaining about “depressions” and “weakening the country” are just haters.

Try the link for a pic:

http://i50.tinypic.com/2z4juyf.png