6/08/2012

Obama Says "Private Sector Is Fine"

Posted by Brian
"If you tell a lie often enough, it becomes the truth."
Anonymous

Barack Obama and his team have been out touting that his policies have created "4.2 million jobs" though unemployment remains at 8.3 percent, which is .5% higher than when he took office.  In addition, the "official" government numbers don't take into account the number of people who have left the job market altogether (quit looking for work) and those who are underemployed.
The Bureau of Labor Statistics has a much different figure than the one being touted by the Obama administration and its sycophants in the mainstream media.  BLS puts real unemployment at 14.8%, or over 78% higher than what is commonly reported.

Labor force statistics from the current population survey show that job growth has essentially flat-lined since January 2010 (see below), indicating that much of the decrease in the 'official" unemployment rate has been driven by people giving up looking for a job, and dropping off the unemployment rolls, rather than actual job creation.


Encouraging is that, at least some, reporters are finally starting to broach the subject with the President of whether his policies have had any effect.  Observing his response (halting, looking down), I'm starting to wonder if Obama even believes his own BS anymore.

Obama: "The Private Sector Is Doing Fine"



Enhanced by Zemanta
There was an error in this gadget