If anyone joined the Democrats and the Old Establishment Republicans to celebrate the slight decrease in the unemployment rate, you may want to reconsider the motives behind this news.
Is the 8.3 % unemployment accurate? Logic tells you it couldn’t possible true, but the banks, Wall Street, Obama and the Democrats are in the streets doing an “I told you so” dance. But buyers beware, if it sounds too good to be true – you know the rest.
Well Obama and the Bureau of Labor just did a snow job on us and you can take that statement to the bank. They just neglected to count the 2.8 million who had quite looking for employment. It’s like Granny being shoved over the cliff – these 2.8 million were just quietly shoved over the cliff, never to be counted again by the Bureau of Labor.
From the labor
board February 2012: In January, 2.8 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and
were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey. (See table A-16.) Among the marginally attached, there were 1.1 million discouraged workers in January, little different from a year earlier.
Actually the Bureau of Labor came up with the 8.3 unemployment rate because they derive their false figure from Americans that are employed or that are unemployed and still looking for work.
The master magician along with the Democrats and Liberal News Media just fooled Wall Street, many economists and pundits from coast to coast bought this lie hook, line and sinker. We shouldn’t be surprised, because this kind of shenanigans has been the story of our life the
past 37 months.
A 787 billion dollar stimulus squandered and redistributed a Healthcare bill that’s a financial disaster, a “Green Company” scandal that is eating us alive plus high inflation, high fuel prices, weapons that have and probably still are walking across the border of Mexico into the hand of the cartel.
The CBO said the National Deficit will grow at least
1.08 trillion dollars and the actual unemployment rate will continue
increasing, not decreasing.
May God Bless America