18 Feb

IBD – “High Real Unemployment Data Reflect Poorly On Obama”

                                       

Obama says the economy is getting better. The MSM is telling us the economy is getting better:

“The economy seems to be rumbling back to life”

“Can we exhale, is this the comeback everyone’s been waiting for”

“What you’re hearing is the sound of a comeback”

“It is getting exciting, psychologically, that’s gonna be important”

“I think people forgot to know what it’s like to feel good about the economy”

So it’s gotta be true right?

While the media and the administration portray the most recent jobs number — 8.3% unemployment — as good economic news, more sober minds understand what’s really going on. The facts show a jobs slump that should not get an incumbent president re-elected.

Sure, the jobless rate is falling. But according to the Congressional Budget Office, we are going through the longest stretch of high unemployment since the Depression. The rate has been higher than 8% since February 2009, the month after Obama took office.

And, says the CBO, it is expected to stay above 8% through 2014.

Even worse for an administration straining to make the case that it deserves to be around for another four years is the real unemployment rate. It’s not 8.3%, but closer to 15%, a figure that reflects those who “would like to work but have not searched for a job in the past four weeks as well as those who are working part time but would prefer full-time work,” says the CBO.

Another White House problem comes from this in the CBO report: “The share of unemployed people looking for work for more than six months — referred to as the long-term unemployed — topped 40% in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.”

It doesn’t stop there. The CBO reported that the:

“United States is experiencing the longest stretch of high unemployment since the Great Depression”

And as Obama always does, he makes the situation worse by overregulating small business while trying to put their best spin on it:

“The Obama Administration, girding for election-year attacks on its record, is trying to highlight the upside of government rules.”

How’s that working out for everyone?

U.S. small-business owners who aren’t hiring — 85% of those surveyed — are most likely to say the reasons they are not doing so include not needing additional employees; worries about weak business conditions, including revenues; cash flow; and the overall U.S. economy. Additionally, nearly half of small-business owners point to potential healthcare costs (48%) and government regulations (46%) as reasons. One in four are not hiring because they worry they may not be in business in 12 months.

But eh…why worry. The MSM and the administration are telling us its all getting better so it must be true

Sigh…

About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 20 years.
This entry was posted in Barack Obama, Economy, Media, MSM Bias, Obamanomics, Politics, propaganda bureau. Bookmark the permalink. Saturday, February 18th, 2012 at 10:39 am
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35 Responses to IBD – “High Real Unemployment Data Reflect Poorly On Obama”

  1. Keyser Söze says: 1

    8.3% unemployment is yet another fine example of Obama’s ignorance or bold faced lies. His recent claim the average American will enjoy $40.00 a week more in their pocket, from the SSI reduced rate is laughable.

    In order to receive $40.00 a week, a person must gross $101,920.00 per year.

    A person making $50,000.00 per year will receive a whopping $19.23 per week.

    At $30,000.00 per year, that person will realize an astonishing $11.54 per week.

    Never in the history of mankind has so much BS spewed from the mouth a single individual.

    ReplyReply
  2. oil guy from Alberta says: 2

    Its bordering on insanity in Chicago. Teachers want a 30% wage hike(over 2 years). Make it 100% and really implode the system. There’s the method – price yourself out of the market. Then the bureaucrats can fudge the unemployment numbers. There is a drop out rate of over 40% in elementary and secondary schooling. The headline should read- No Child Behinds Left.

    ReplyReply
  3. Smorgasbord says: 3

    TWO SHIPS
    (1) Costa Concordia
    (2) USS America

    TWO CAPTAINS
    (1) Captain Schettino
    (2) Captain Obama

    THE SAME RESPONSE FROM BOTH CAPTAINS
    I am in a lifeboat and am running things from here.

    ReplyReply
  4. Smorgasbord says: 4

    @Keyser Söze: #1

    Never in the history of mankind has so much BS spewed from the mouth a single individual.

    You reminded me of one of my Tea Party signs. I KNOW you will agree with it.

    http://www.flickr.com/photos/35983084@N07/5239785665/in/photostream

    ReplyReply
  5. Keyser Söze says: 5

    @Smorgasbord:

    Glad to see his game is out in the open.

    Your sign is so true and speaks volumes.

    ReplyReply
  6. Keyser Söze says: 7

    @liberalmann:

    According to the OMB, your entire presentation has been deemed total BS.

    Obama is not looking to good with these numbers.

    “Today I’m pledging to cut the deficit that we inherited by half by the end of my first term in office.” — President Barack Obama, February 23, 2009

    Three years ago, Barack Obama promised to cut the deficit by half. He has failed. Not only has he failed, he has made it worse.

    First, let’s address Obama’s claim that he “inherited” the deficit. As you can see in the numbers provided by the Office of Management and Budget, the deficits under President Bush peaked in 2004, and than began to decline. The budget deficit in 2007 – the last budget approved by the Republican Congress before Nancy Pelosi became speaker – was $160 billion. When the Democrats took over, the deficit exploded. So, yes, Barack Obama inherited a huge deficit from the Democrats in Congress.

    You can also see above that it is irresponsible spending, not revenue, that is driving the debt.

    Barack Obama, with the help of a Democratic Congress, has put us on an unsustainable path. This country cannot afford four more years of this man’s destructive policies. He must be defeated.

    http://www.hoosieraccess.com/2012/02/16/a-promise-not-kept/

    “Bush was certainly a big-government Republican. But no human being in history has spent as recklessly as Barack Obama (with the help of Democrat miscreants like Nancy Pelosi and Harry Reid). No one’s even come close. Together this troika of idiocy has lawlessly permitted the country to run for more than 1,000 days without a budget.

    The budget deficit in 2007 – the last budget approved by the Republican Congress before Nancy Pelosi became speaker – was $160 billion. When the Democrats took over, the deficit exploded. So, yes, Barack Obama inherited a huge deficit from the Democrats in Congress.

    …You can also see above that it is irresponsible spending, not revenue, that is driving the debt.

    Barack Obama, with the help of a Democratic Congress, has put us on an unsustainable path. This country cannot afford four more years of this man’s destructive policies. He must be defeated.”

    http://directorblue.blogspot.com/2012/02/it-was-bushs-fault.html

    ReplyReply
  7. anticsrocks says: 8

    @liberalchild: Completely expected Pavlovian response.

    The lies you tell are so outlandish and you do yourself no favors with your weak command of proper English and grammar.

    ReplyReply
  8. Marine72 says: 9

    @Keyser Söze: I think Hitler, Stalin, Castro, Mao Se Tung, and Debbie Washerwoman Stultz are creditable competitors.

    ReplyReply
  9. Marine72 says: 10

    @liberalmann: Always great to see an up and comer at “Attack Watch”. maybe while you are at work you can consider a name change to BOHICAman?

    ReplyReply
  10. Nan G says: 11

    Well, there are a few rays of sunshine.
    The ”recession” ended officially in June of 2009.
    Now, those 99 weeks worth of unemployment benefits are being pared down to 63 or so.
    The reason this is good?
    Look at these examples:
    From back in 2008.
    From 1980-1985.
    And this one showing what Obama did to us on the unemployment front.

    Whenever Obama’s gravy train ends people go elsewhere for their cash.
    And Obama knows that.
    Obama made sure a person unemployed after he was elected kept getting cash for two years…..until now.
    Now it will only be slightly more than ONE YEAR.
    And looky!
    The election is in less than that!

    ReplyReply
  11. Rides A Pale Horse says: 12

    @Smorgasbord:

    And never in the history of mankind have so many absolutely STUPID people swallowed that bullshit hook, line and sinker.

    ReplyReply
  12. Rides A Pale Horse says: 13

    Above comment was actually meant for Keyser Söze but Smorg you can have it too……….lol!!

    ReplyReply
  13. Keyser Söze says: 14

    History has a nasty habit of repeating itself. This TIME cover story from March 24, 1980 will give you some incite of what your future will hold. Pay particular attention to the 18% inflation and interest rates the country was living with back then. Carter is a piker when compared to what Obama is doing.

    COVER STORY

    “He promises budget cuts and credit curbs, but more is needed

    As Jimmy Carter stepped before the television cameras in the East Room of the White House last Friday, his task was not just to proclaim another new anti-inflation program but to calm a national alarm that had begun to border on panic. Inflation and interest rates, both topping 18%, are so far beyond anything that Americans have experienced in peacetime—and so far beyond anything that U.S. financial markets are set up to handle—as to inspire a contagion of fear. Usually confident businessmen and bankers have begun…”http://www.time.com/time/magazine/article/0,9171,921854,00.html

    At the close on Friday, the 10 year Greek bond was set at..GGGB10YR:IND (34.38100%)… http://www.bloomberg.com/quote/GGGB10YR:IND . From this, the only bullshit that will be floating around, will be that of the Liberal Left trying to blame everyone under the sun except themselves for the economic collapse, which will occur when the United States in forced into a 30% or greater bond rate. If you think the printing press will save you, think again, that ship sailed long ago, March 3, 1884 to be precise.

    Justice Fields, dissenting… http://supreme.justia.com/cases/federal/us/110/421/case.html

    “From the decision of the Court I see only evil likely to follow. There have been times within the memory of all of us when the legal tender notes of the United States were not exchangeable for more than one-half of their nominal value. The possibility of such depreciation will always attend paper money. This inborn infirmity no mere legislative declaration can cure. If Congress has the power to make the notes a legal tender and to pass as money or its equivalent, why should not a sufficient amount be issued to pay the bonds of the United States as they nature? Why pay interest on the millions of dollars of bonds now due when Congress can in one day make the money to pay the principal? And why should there be any restraint upon unlimited appropriations by the government for all imaginary schemes of public improvement if the printing press can furnish the money that is needed for them?”

    So for now, the Liberals can jump up and down with glee, while their chosen one spends like a typical denizen from the Southside of Chicago does at the OTB.

    YES! SIR!…the future is so bright, we all need shades.

    ReplyReply
  14. Smorgasbord says: 15

    @Keyser Söze: #5

    Your sign is so true and speaks volumes.

    Volumes of manure. At least manure is useful.

    ReplyReply
  15. Smorgasbord says: 16

    @anticsrocks: #8
    If the democrats and other liberals would put as much effort into running the Federal government as it should be run, as they do in coming up with the different ways to slant the different news stories the way they want us to believe them, the USA would be in great shape.

    ReplyReply
  16. Smorgasbord says: 17

    @Nan G: #11
    Many years ago (before the Internet) a welfare agency (I don’t remember where) started a policy that to receive welfare the person had to accept one of the jobs available. The welfare recipients figured that if they had to WORK for their money, they would get a better job than what they had.

    It worked so well that the number receiving welfare went way down. The welfare workers saw that if it kept going the way it was going, they would be loosing their jobs from lack of welfare recipients, so they sued, and won. The court declared that the welfare recipients couldn’t be forced to WORK for their welfare checks. I wonder if this was in California.

    I would rather have a system where the welfare workers are paid to go home and do nothing after getting all of the welfare recipients off welfare, than the way it is now. The way it is now is another way for politicians to buy votes.

    Obama made sure a person unemployed after he was elected kept getting cash for two years…..until now.
    Now it will only be slightly more than ONE YEAR.
    And looky!
    The election is in less than that!

    What are you trying to say? LOL

    ReplyReply
  17. Smorgasbord says: 18

    @Rides A Pale Horse: #12
    Kinda reminds me of a German fella many years ago. Do the schools still teach about critters like him?

    ReplyReply
  18. Smorgasbord says: 19

    @Rides A Pale Horse: #13

    And never in the history of mankind have so many absolutely STUPID people swallowed that bullshit hook, line and sinker.

    Your comment is appropriate for anybody to receive.

    ReplyReply
  19. Rides A Pale Horse says: 20

    @Smorgasbord:

    Yeah……the comparisons are chilling aren’t they?
    http://i979.photobucket.com/albums/ae277/RAPH6969/OBUMMER/20.jpg

    ReplyReply
  20. Smorgasbord says: 21

    @Keyser Söze: #14
    Our money supply is limited only by how many trees we have. If we run out, we can always import more. Don’t worry. We will always have plenty of money.

    ReplyReply
  21. MataHarley says: 22

    @libdud… dang, guy. You provided links! Congrats for a change.

    Of course, unfortunately you still remain the target of ridicule for your math. One by one, by the numbers, shall we?

    Your WaPo image link about “cost of new policies”.

    Bush 8 years, annual average per year: $.633 billion. That’s with two wars theaters under way.

    Obama, two years (your link is from 2010): $.7 billion per year average, with one war that had already pulled out the combat troops in Iraq.

    ooops….

    Secondly, about that chart from Biz Insider on “private sector growth” as some sort of triumph. Here’s the chart.

    Notice anything? Hint… a couple of things.

    One. It’s only from 2006, so there’s 5-6 years missing in your/BizInsider selective view. That’s like assuming the crash only started in 2006. Nope. Foreclosures began on the rise for risky loans starting circa 1998-99.

    Secondly, after all the debt added (see #1 stats), it’s only grown to about what it was when the housing/crash “officially” started. And that’s after adding both QE policies, and almost a trillion to the debt… NOT including interest on that debt.

    ooops…. Had we left it alone, it will would be recovering, but without the debt/interest and debt.

    Third, INRE BizInsider’s view of “Obama inherited a bum economy” and “jobs added”. Notice they only use those same years? Dec 2007 as the starting point, to Dec 2011?

    uh… was there a US of A before then? Is this separating public vs private jobs? How many federal jobs under Obama/Pelosi/Reid’s policies have been added with their O’healthcare/Dodd-Frank legislation? Do you even know? Does this take into account the ration of jobs lost vs jobs created overall? i.e. the jobs created/lost against the shrinking labor force statistics?

    But of course not… that would be inconvenient, and wouldn’t fool you picture educated types.

    The last jpg you linked is a joke. “Increased the debt” in relationship to what, and under what economy and national conditions?

    But really, I do appreciate you attempting to validate your thought for a change. Too bad your world begins and ends with 2000.

    ReplyReply
  22. Smorgasbord says: 23

    @Rides A Pale Horse: #20
    I think Obama is just the puppet. He can’t even speak legible sentences without reading them. I am sure the ones pulling the puppet’s strings have read every document of everybody who took control of a country and how they did it so they can do the same here. The sad thing is, it’s working.

    ReplyReply
  23. Rides A Pale Horse says: 24

    @Smorgasbord:
    I wish I could agree with you and on some points I do, however, I am of the opinion that he knows EXACTLY what he is doing and has just gathered the most anti-American, Marxist, leftist radicals to advise and agree with his plan to destroy this republic and shape it into his vision of a United States of “equality”.

    Just being a puppet doesn’t fully explain his destructive agenda. He is a narcissist of the first order and has all the yes men he needs and I’m sure, is looking for more.

    ReplyReply
  24. Ride A Pale Horse
    hi,
    puppet is what he will use as excuses when he will be pin to the wall unable to tell any truth
    of why he destroyed AMERICANS INCLUDING THE MINDS OF THE SCHOOL CHILDREN OF AMERICA,
    under the pretense of good education, good only for the union’s teachers paying their UNION’S FEE’S PAYING OBAMA,
    he will say to his captors; DUNNO, IT’S BUSH FAULT, it’s
    the CONGRESS fault, IT’S THE REPUBLICANS fault, or
    the DEMOCRATS fault, or the UNIONS fault
    or the WALL STREET fault , or the OCCUPIERS fault.
    BYE, GOOD PICTURES

    ReplyReply
  25. Smorgasbord says: 26

    @Rides A Pale Horse: #24
    The main thing is that we agree that he wants to change the USA in a negative way, and that he needs to be stopped.

    ReplyReply
  26. Rides A Pale Horse says: 27

    @Smorgasbord:
    Yes sir. Absolutely.

    ReplyReply
  27. Rides A Pale Horse says: 28

    @ilovebeeswarzone:

    Spot on Bees…as usual!

    ReplyReply
  28. Liberal1 (objectivity) says: 29

    @liberalmann: Good use of documentation. Although it will not appeal to the ‘name-callers’ on this site, it does give useful information to those seeking factual evidence.

    ReplyReply
  29. Imagine GREECE as it is now, waiting for a bailout, fighting for the return of the UNIONS power
    and excess demands which have broken the camel’s back,
    they should not get a bailout at this time, until they stop attacking their LAW OFFICER who are taking the rapt of their rage while not responsible for it themselves, that is the ultimate idiocy of a people returning to the caves influences, killing the only one to be brave enough to protect them and their young children,
    shame on you GREECE FOR DOING THE WORSE WHILE THE WORLD IS TRYING TO HELP; YOU DON’T DESERVE IT,
    you need to suffer more to be able to appreciate other than yourselves, meaning your own law officers,which are more human than you rioters are now.

    ReplyReply
  30. drowningpuppies says: 31

    @MataHarley:

    Ouch! Your undressing of the useful idiot is a thing of beauty. Kudos.

    ReplyReply
  31. Nan G says: 32

    @ilovebeeswarzone:
    I had no idea how really bad it is in Greece these days because the media only covers the demonstrations in the streets.
    Here are a few things one reporter who lived there for a week saw:
    *In any public school on any average recent day five students faint during class because of hunger.
    *People are selling their wedding rings to get money for food.
    *Public soup kitchens are not able to feed all of the starving people.
    *A class on how to emmigrate to Australia that used to draw only 300 Greeks drew 13,000 this year.
    *Children are being abandoned in the streets.

    ReplyReply
  32. Nan G
    this is a terrible situation, they are fighting on the streets instead of helping their family survive on the worst conditions by rallying to use the available means to take care of families in needs who probably
    where not under UNIONS HOOK, being in distress because the UNIONS took the biggest part of the pie,
    even the whole pie, causing the whole COUNTRY TO FALL IN extreme poverty,

    ReplyReply
  33. Nan G
    hi,
    me again, I was thinking of the first thing before the bailout would and should be
    sending food to those in need first, and keeping that trend so family can save some extra for more days and till they can sustain on their own, it seems to be a priority before money, which will be taken by some not worthy to make a good use of it for all the other, but for themselves instead without any scruple.
    bye

    ReplyReply
  34. Mr. Irons says: 35

    Useful information, liberal1? Are you this daft and stupid? All Liberalmann gave was fluff and false data in hopes of pushing against the mountain of facts.

    ReplyReply

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