How come no Right Wing Whack Jobs have mentioned the latest unemployment figures?

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Obama kicks Flip Flop Boy's ass...again(as in, 2 years ahead of "schedule") Why am I not surprised that nobody posted this in here?







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In this Oct. 16, 2012 file photo, President Barack Obama and Republican presidential candidate, former Massachusetts Gov. Mitt Romney exchange views during the second presidential debate at Hofstra University in Hempstead, N.Y.
David Goldman/AP Photo



‘Wow, 6 percent sounds pretty good’

10/08/14 08:35 AM
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By Steve Benen
During the last presidential campaign, Mitt Romney argued that he, and he alone, could give the economy a terrific boost. Sure, President Obama’s policies had successfully ended the Great Recession, but a Romney/Ryan administration would send the economy into overdrive.

In May 2012, the Republican candidate sat down with Mark Halperin, who pressed Romney to get specific about what Americans could expect to see under his presidency.
HALPERIN: Would you like to be more specific about what the unemployment rate would be like at the end of your first year?

ROMNEY: I cannot predict precisely what the rate would be at the end of one year. I can tell you that over a period of four years, by a virtue of the polices that we put in place, we get the unemployment rate down to 6 percent, perhaps a little lower.
Yep, Romney said that if he were elected, and given a chance to implement his bold economic vision, freeing the nation of the scourge that is Obama’s crushing agenda, the unemployment rate would drop to “6 percent” – maybe even “a little lower” – by the end of 2016.

Of course, President Obama defeated Romney with relative ease, leaving Americans with economic policies that helped push the unemployment rate to 5.9% – in the middle of 2014, more than two full years ahead of Romney’s goal.

As my pal Xenos joked, “By Romney’s own standards, he should be glad that he lost the presidency. After all, would he really want to subject the American people to another two years of less than impressive job growth?”


Shortly after making the promise, Romney appeared on Fox News to tout his ambitious prediction. “People all across the country are saying, ‘Wow, 6 percent sounds pretty good,’” the Republican boasted.

Yes, governor, it actually does. When we learned last week that the jobless rate dropped to 5.9%, and the United States is on track for the best year for job creation since the ’90s, many of us thought it did sound “pretty good.”

Oddly enough, as Romney routinely makes the rounds, constantly appearing in the media to complain about the president, this prediction about unemployment never seems to come up. Maybe someone ought to ask him about it.
 

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Very impressive!


‘Unemployment, Down’?

This assertion discounts those who have simply given up looking for work and conceals the nature of the jobs that have been added, many of which are part-time, non-bread-winner jobs.John Williams at shadowstats.com pegs the
real unemployment rate at nearly 25%. Whatever the case, the truth is that labor force participation has dropped. Almost 100 million Americans are not working . David Stockman notes that this some-40% of Americans “do not contribute to current production and must be supported either by family breadwinners or the state—-and nowadays especially the latter… (this) ratio is still rising and the already crushing burden of the welfare state will weigh ever more heavily on an economy that is visibly failing as measured by any of the fundamental trends of performance.”

Furthermore, Gallup notes that
15.3% of Americans are underemployed. The BLS’s latest report states that “jobs created” are down over 150,000 last month, and that 500,000 full-time jobs were lost while 800,000 part-time jobs were gained. The majority of new jobs went to those between the ages of 55-69 while those between 25-54 lost 10,000 jobs. Financial analyst Thad Beversdorf notes that the BLS’s pre-manipulated raw data shows a rise in public sector jobs and a decline in private sector jobs.

Also, according to the BLS, 20% of American families do not have a single member in the work force. Based on employment-to-population ratios, the unemployment rate is closer to 12%. Real wages and salaries have only recovered to the 2008 recession levels and retail sales are below the 2002 recession levels. Also, real household incomes are far below historic norms. And, the Federal Reserve Bank of Philadelphia has noted that 18% of employers cut full-time workers because of Obamacare.

What about spending and inflation? Explains economist Lee Adler: “Excluding those at the top, Americans are earning less and spending less.” Adds economist Wolf Richter: “those at the lower-income levels, those who’ve gotten ripped off by inflation and wages, have become terrible consumers in an economy dependent on consumer spending.” And, studies indicate that
126 million Americans live in households on welfare. This is 40% of the U.S. population, up from 35.4% in 2012.
 

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Hmmmm...

A record 126 million Americans are on welfare - 40% of the population!

Hussein's current approval rating is 39%.

Seems about right.

welfare-nation-welfare-nation-politics-1317386903.jpg
 

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It's hilarious how you clowns use the official government stats when it suits your purposes, but, when it doesn't, you use "objective" sources like shadowstats.com and Gallup-anybody remember Gallup's "spot-on" predictions about the election? You took it in the ass in 2008 and 2012, now get ready for "deja-vu-all-over-again" in 2016, 'cause you just don't get it.
 

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It's hilarious how you clowns use the official government stats when it suits your purposes, but, when it doesn't, you use "objective" sources like ....

you do the exact same thing don't you?

if you think the country is doing just swell, then that is your opinion of course. I wish it was but it isn't. I don't there is anything I or anyone could say or provide any such data to change your mind.
 

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you do the exact same thing don't you?

if you think the country is doing just swell, then that is your opinion of course. I wish it was but it isn't. I don't there is anything I or anyone could say or provide any such data to change your mind.

Indeed.

Dabitch's article is straight from Rachel Madcow's blog. :pointer:
 

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you do the exact same thing don't you?

if you think the country is doing just swell, then that is your opinion of course. I wish it was but it isn't. I don't there is anything I or anyone could say or provide any such data to change your mind.

You've never seen me say government figures were skewed, so you haven't any idea what you're talking about. And wtf does that last sentence mean, did you just get off the boat from Costa Rica?
 

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You've never seen me say government figures were skewed, so you haven't any idea what you're talking about. And wtf does that last sentence mean, did you just get off the boat from Costa Rica?
You have enough evidence out there to tell you its not getting better. But if you want to ignore it and pretend its going great, then I can't say anything to ever change your mind.
 

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You have enough evidence out there to tell you its not getting better. But if you want to ignore it and pretend its going great, then I can't say anything to ever change your mind.

That being the case, what are you doing in this thread? Shouldn't you be listening to Fox spoon feeding you the "...evidence out there to tell you its(sic) not getting better?"
 

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Of course, President Obama defeated Romney with relative ease, leaving Americans with economic policies that helped push the unemployment rate to 5.9%

:):)

The [FONT=akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif]participation rate[/FONT], which measures the number of Americans employed or looking for a job as a share of the working-age population, decreased to 62.7 percent, the lowest since February 1978.
"We think much of the decline in labor force participation is structural and that the [FONT=akzidenz-grotesk-std-bloom, Arial, Helvetica, sans-serif]unemployment rate[/FONT] remains a good guide to the state of the labor market,”

http://www.bloomberg.com/news/2014-10-03/drop-in-u-s-labor-force-difficult-to-pin-on-discouraged-workers.html

The idiot who started this thread is so silly and stupid it is surreal.
 

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It's hilarious how you clowns use the official government stats when it suits your purposes, but, when it doesn't, you use "objective" sources like shadowstats.com and Gallup-anybody remember Gallup's "spot-on" predictions about the election? You took it in the ass in 2008 and 2012, now get ready for "deja-vu-all-over-again" in 2016, 'cause you just don't get it.

There ya go talking about gay shit again.

When did you tell your parents you were a homo?

You are the dumbest mother fucker I have ever run into in this forum....dumber than even punter.
 

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Only a liberal hack would put any credence into unemployment rates. The only thing that matters is the labor participation rate which has declined steadily under Obama.
 

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It's hilarious how you clowns use the official government stats when it suits your purposes, but, when it doesn't, you use "objective" sources like shadowstats.com and Gallup-anybody remember Gallup's "spot-on" predictions about the election? You took it in the ass in 2008 and 2012, now get ready for "deja-vu-all-over-again" in 2016, 'cause you just don't get it.
So did you but you’re to ignorant to realize it.
 

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There ya go talking about gay shit again.

When did you tell your parents you were a homo?

You are the dumbest mother fucker I have ever run into in this forum....dumber than even punter.

No, that would be a big bellied, needle dick prick who brags about "Playmate" wives and the yachts he owns.cockingasnook()azzkick(&^Slapping-silly90)):bigfingercockingasnook():madasshol:bigfinger:fckmad:
 

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So did you but you’re to ignorant to realize it.

I'm "to" ignorant to realize it, huh? ROTFLMAO!!!!!!! I've said it before, and I'll say it again, nothing is funnier than a moron who shows his ignorance in trying to portray somebody else as being ignorant. Work on the difference between "two, to, and too," Jagoff...
 

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I'm "to" ignorant to realize it, huh? ROTFLMAO!!!!!!! I've said it before, and I'll say it again, nothing is funnier than a moron who shows his ignorance in trying to portray somebody else as being ignorant. Work on the difference between "two, to, and too," Jagoff...

Oh my! How am I ever going to at myself in the mirror?
 

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