Saturday, February 4, 2012

Obama The Unemployment Math Professor

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The Washington Times Friday,February 3, 2012
http://www.washingtontimes.com/news/2012/feb/3/obamas-bogus-jobs-data/

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"The White House hyped the news Friday that January payrolls had risen by 243,000. The hitch is the Bureau of Labor Statistics (BLS) also dropped 1.2 million from the calculated workforce. Somehow this net loss of a million workers in a single month was transformed into an improvement in the unemployment rate. As the old saying goes, figures don’t lie, but liars can figure."
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How to make the employment numbers look “better”?
The number is a ratio so:
increase the numerator (jobs added by 243,000)
And
decrease the denominator (workers reduced by 1,200,000)
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You-all stay in school and study now – government math is so much fun!
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And don’t ever mention the underemployed number. That’s the workers who have been unemployed so long that they are no longer actively looking for work.
That number is 18.7 % or one out of five American workers!
http://ycharts.com/indicators/underemployment_rate
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None of these facts were evident during Obama’s prayer breakfast!
Wonder what Jesus would have done?
Or more to the point, what would Mohamed have done?
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Taxes and Debt are like anchors
nailing our ship of state to the bottom
where socialism and stagnation
hold us securely to mediocrity
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http://roanokeslant.blogspot.com/2012/01/unemployed-to-help-obamas-reelection.html
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http://roanokeslant.blogspot.com/2011/08/its-spending-and-economic-policies.html
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