Ya know I really do hate to keep harping on the subject of these continuing to be outrageously bogus unemployment numbers but, Geez Louise, I gotta tell ya, as long as ‘Team Obama’ keeps on spewing what are these blatant exaggerations in what, I guess, is their continuing attempt to portray our piss-poor economy as booming, well then, I’m going to keep pointing out the fact that we’re simply being lied to over and over again. I mean, ow stupid do they really think we are? Now granted your basic Democrat is that stupid, being a moron is a prerequisite for joining the party.
And despite Hitlery repeatedly claiming that the economy always does better when we have a a Democrat in the White House, the fact is that we had 94,513,000 Americans who were not in the labor force at the end of October. Which, I suppose if you’re Hitlery or Barry “Almighty”, can be viewed as being sort of a positive thing since that was a slight improvement from the 94,610,000 not in the labor force in September. But nonetheless that number has remained at its lowest point in 38 years, or since we were back in the days of Jimmy Carter.
So anyway, it was according to our Bureau of Labor Statistics, part of the Barry “Almighty” propaganda apparatus, that our economy was said to have added 271,000 jobs in October, well above, or so we are told, economists’ expectations of 185,000, and the unemployment rate is said to have dropped to 5.0 percent in October from September’s 5.1 percent. But again, in arriving at that this number you have to keep in mind that the millions of Americans who have simply given up even looking for a job are no longer even being counted among the unemployed.
And then in making it quite clear just what sort of drug induced fantasy world it is that ‘Team Obama’ must now currently reside in, it was our Fed Chairmoron, Janet Yellen, who told Congress, just this week, that she sees the U.S. economy “as performing well,” although “we have seen some slowdown in the pace of job gains recently.” She indicated then, that if the Nov. 6 jobs report and other economic data supports the Fed’s expectation that the economy will continue to grow, then an interest rate hike in December “would be a live possibility.”
In September, again according to the Labor Department’s Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 251,541,000. Of those, 157,028,000 participated in the labor force by either holding a job or actively seeking one. The 157,028,000 who participated in the labor force equaled only 62.4 percent of the 251,541,000 civilian noninstitutional population. The last time the labor force participation was as low as 62.4 percent was in October 1977. Ring a bell?
Another rather bit of purely fictitious information, aka propaganda, that we can glean from today’s complete-waste-time jobs report included a breakdown of what we were supposed to believe are the ‘actual’ unemployment numbers for the various segments of our population. What this report supposedly showed was that: The unemployment rates for adult men (4.7 percent), adult women (4.5 percent), teenagers (15.9 percent), whites (4.4 percent), blacks (9.2 percent), Asians (3.5 percent), and Hispanics (6.3 percent) showed little or no change in October.
To be honest there is very little truth to any of these numbers, all they are are nothing more than smoke and mirrors. What has been underway for the last seven years has been the most anemic economic “recovery” ever to take place in the history of this nation. In fact, I would argue that what we have seen take place, economically speaking, has essentially been by design. Because what self-respecting economist, excluding Paul Krugman, can look at any of the policies that have been put into place and say that their purpose has been to strengthen the economy? NONE!