Showing posts with label fudging unemployment numbers. Show all posts
Showing posts with label fudging unemployment numbers. Show all posts

Thursday, February 9, 2012

Depend


de·pend  [dih-pend]
verb (used without object)

1.  to rely; place trust (usually followed by on  or upon ): You may depend on the accuracy of the report.

2.  to rely for support, maintenance, help, etc. (usually followed by on  or upon ): Children depend on their parents, just as approximately 50% of households depend upon the Federal Government for subsidies.

3.  to be conditioned or contingent (usually followed by on  or upon ): America's success depends upon  the effort and ability (by roughly half of the population) to pay for the other half's lifestyle.

4.  to be undetermined or pending: the United States may become Europe or it may not, it all depends.

Yes.  It all 'Depends'.

I came across an article yesterday while eating lunch which gave me pause.  Surprisingly, it wasn't about Newt Gingrich, Mitt Romney, or Rick Santorum's status in the polls.  The aforementioned are 'temporary conditions', susceptible to the whims of marketing, Presidential Politics, the National 'mood', and mutually-assured personal destruction. 

The article I read had deeper roots. 

Evil.  Nasty.  Roots.

Excerpted from Investor's Business Daily Online:  The American public's dependence on the federal government shot up 23% in just two years under President Obama, with 67 million now relying on some federal program, according to a newly released study by the Heritage Foundation.

The conservative think tank's annual Index of Dependence on Government tracks money spent on housing, health, welfare, education subsidies and other federal programs that were "traditionally provided to needy people by local organizations and families."




Source:  Investors Business Daily Online
(I added the Dotted red line above to depict the Dependency Index since LBJ launched his 'Great Society'
The Solid red line shows the end of the Bush term and the beginning of the Obama Administration)

The increase under Obama is the biggest two-year jump since Jimmy Carter was president, the data show.

The rise was driven mainly by increases in housing subsidies, an expansion in Medicaid and changes to the welfare system, along with a sharp rise in food stamps, the study found.

"You can't get around the fact that policy decisions made over the past two years, on top of those made over the past several decades, are having a large effect on the pace of growth of the index," said William Beach, who authored the Heritage study.

Dependence on the government has climbed steadily since 1962, when the index stood at 19. By 1980, the index had risen to 100. It stood at 294 in 2010, the last year for which the data are available. The D.C.-based Heritage Foundation has produced the index for nine years.

...

The report also found that spending on "dependence programs" accounts for more than 70% of the federal budget. That, too, is up dramatically. In 1990, for example, the figure stood at 48.5%, and in 1962 just over a quarter of federal spending went to dependence programs.

At the same time, fewer Americans pay income taxes, the report notes. Almost half (49.5%) didn't pay income taxes in 2009, the latest year for which the researchers have data. Back in the late 1960s, only 12% of Americans escaped the income tax burden.

Other findings:

The number of people dependent on the federal government shot up 7.5% over the past two years.

In 2010, for the first time ever, average spending on dependence programs per recipient exceeded the country's per-capita disposable income. 

The truly 'spooky' part of this article is that only the first two years of the Obama Administration are tracked, and reported here.  Another year has passed since these numbers were reported. 


Yes, I know there are people reading this who will say, "Yeah, but Moos, this period represents the Economy President Obama INHERITED from President Bush.  These numbers are NOT the current President's fault!  It's President Bush's FAULT - it's all his FAULT!" 

[This, of course would be followed by a series of grunting noises, wildly flailing hands, and spittle flying in almost all directions at once as the 'True Believer' of the President works him (or her) self into a full 'lather'.] 

Okay, I understand your desire to cling to the failed Obama policies of the recent past, but let me ask you this:  "How do YOU explain the following chart of US Workers NOT participating in the work force?" 


The following chart tracks the number of "Persons NOT in the Labor Force" through January 2012.  That 'straight up' line over to the right of the chart represents the 1.2 MILLION people the BLS 'Discarded' to get President Obama's (published) Unemployment Rate down to 8.3%


Source:  ZeroHedge.com
Why are the 1.2 MILLION 'eliminated workers' from the work force important?  Read on my friend, read on...


Source:  ZeroHedge Online...  A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million.

No, that's not a typo: 1.2 million people dropped out of the labor force in one month! So as the labor force increased from 153.9 million to 154.4 million, the non institutional population increased by 242.3 million meaning, those not in the labor force surged from 86.7 million to 87.9 million.

Which means that the civilian labor force tumbled to a fresh 30 year low of 63.7% as the BLS is seriously planning on eliminating nearly half of the available labor pool from the unemployment calculation. 


So, if you believe that the President 'Inherited' the bad economy, how do YOU explain the fact that while adding MILLIONS of Americans (in spite of the best efforts of Planned Parenthood, Unions, and Democrats to reduce our population ) over the past 30 years -- the Civilian Labor Force has shrunken to its lowest level during the same 30 year period?

'Fuzzy Math', or Federally-Sponsored Deceit? 

You pick. 

Oh, and while I'm asking the questions which no one seems to be able or willing to answer, let me ask you yet another question:  "Will America survive another four years of President Obama's rule?"

Well, it Depends. 


Depends on if he stays or goes, and what the Congress looks like following the upcoming elections. 

Because once again - you get to pick.  In November, 2012, you get the opportunity to fix the problem OR grow it.  Your call.

Have a nice day folks. 


Monday, February 6, 2012

Newer Dogs - Older Tricks...

The following post was updated most-recently on December 3, 2011 when the Unemployment Rate 

'Unexpectedly' fell to 8.5% after the economy had 'Unexpectedly' shed 315,000 workers out of the U.S. Workforce.

This past week the Bureau of Labor Statistics released the numbers for January. Once again the Unemployment Number fell 'Unexpectedly'. The most 'Unexpected' component of the most recent number is that an additional 1.2 MILLION U.S. Workers have 'Disappeared' from the U.S. Workforce.

QUESTIONS:
  1. Are U.S. Workers REALLY disappearing at a rate of 38,710 per day?
  2. Are aliens AMONG U.S.?
  3. If folks falling 'out of the workforce' ARE, in fact, disappearing in bulk... why IS the unemployment rate still so HIGH???
All questions will be answered, but you'll need to re-think logic as you have always known it.

At the signpost up ahead, it's the Third-Edition of "America Loses Several Hundred Thousand Jobs" post. Good luck, you're going in.

p.s.: Wherever 315,000 'missing Americans' was mentioned in the earlier post, I have increased this number by a factor of 4 to support the most recently announced 1.2 MILLION missing American Worker figure quoted last week. 

(If all these people are gone... Can I have one of their cars???)

Heard around the Blogyard...  
Madison asks, "Psst, Bossie, have you seen Buttercup lately?"  

"Nah, I thought she was with YOU...", says Bossie.  

"That's weird, I found her stall empty and she didn't touch her dinner last night."  

"Maybe she's over with Ferdinand's "gettin' busy"?", asks Bossie.  

"Nah, that Ferdinand's a freak, hanging out under the cork tree all day. Buttercup says he makes her uncomfortable. That bull's so dang peaceful - you'd hardly think he was a bull. He's more like a Golden Retriever." Madison says.  

"With horns!", shouts Bossie.  

"It's a shame, the poor boy doesn't know how to use them." Madison laughs as she trots away. The blogyard fades away as today's post begins anew...  

Yes, it's true. Disappearances like the one above have taken place all across America during the past thirty days. Is anyone talking about it? NOOOOOOOOOO! And why not?  

It's a conspiracy man. An inter-galactic conspiracy of Biblical proportions!!!  
 (Obligatory Right-Wing Rant Section to make left-leaning readers feel more at home)  

Huh? How do I know that people are being sucked off the planet? The nice folks at the Bureau of Labor Statistics told me so, that's how. Yeah, they reported yesterday that 1,200,000 people were 'OUT' of the workforce. 

With fewer people 'IN' the workforce it means that the unemployment rate MUST go down. Right? Fewer people 'ready, willing, and able' to work makes YOUR employment opportunities that much better!!!  

Yeah, so what what happened to roughly 1.2 MILLION US Workers (since last month)?  

Two words for you: "Space-Alien Abduction"! (Joke, that's four words, if you, um, count the hyphen.) Yeah, could be, but the actual 'disappearing workers' thing from the BLS IS two words, the first word begins with 'Bull' and the second word ends with '__ __ it'.  
(Fill in your own blanks on this one.)  

From the Bloomberg article found online: U.S. Jobless Rate Unexpectedly Declines to 8.3% President Barack Obama said the drop in the jobless rate is a sign the recovery is getting stronger, and extending a cut in the payroll tax will provide more fuel for the economy. He went on to say, "Let me be clear, if we clap REALLY REALLY hard; the Fairies who control our Economy will be once again healthy enough to reduce our employment rate to 5.5% like it was when GW Bush left office."

While the last quote above is NOT, hmm, let's say 'factually attributable to the President', I do believe that President Obama believes in Fairies. 

Why? Because Fairies believe in President Obama. of course! Yes, the wee folk who flit from tree to tree spreading magical goodness across the land believe in President Barack Hussein Obama.  

Unfortunately, he lost the Minotaur vote yesterday when the Senate said 'Bestiality' was pretty much cool from a legislative perspective. And as we all know, Minotaurs have no use for, well, you know... "Hey buddy, get off my _ _ _!" 

No, the bestiality thing is not cool with minotaurs - at all. Mermaids, to date, have been relatively quiet on the subject of the President's re-election chances, but King Neptune is still really P/O'd about that Gulf spill from Earth Day, 2010. Yes, President Obama, you will receive NO Mermen votes in November of 2012 (outside of Illinois, of course. Dead Mermen (and others) vote Democratic up there).

So, the unemployment fantasy continues its onward trek towards November, 2012.  For the past six months I've heard that no President has ever been elected with an unemployment rate of greater than 8% and now, magically, improbably, and unexpectedly, the rate drops a full three-tenths of a percent to 8.3% because...  

1,200,000 People have disappeared from the work force. And, 243,000 Jobs were added (most, admittedly, from part time, seasonal employment according to the article quoted).  

Stunning, isn't it? Did you see THAT coming? Actually, I did. (Nana-nana-boo-boo!)  

I even wrote about how the Department of Bureau and Labor Statistics gets all 'jiggy' with numbers when it needs to. And, a long time ago, back in February 10, 2010 (this seems a REALLY long time ago when measured in "Obama Years" I wrote...  

When the most recent unemployment rate was announced (dropping the Unemployment from 9.4% to 9.0% with VIRTUALLY no job growth) you may have wondered, "How could this BE? How could the economy not add jobs but the unemployment rate went DOWN???"

Well, it's a 'Math Thing' again. It works like this:  

EXAMPLE A: If you have 900 people employed, your unemployment rate is 10%.  

EXAMPLE B: Now assume that the number of 'total jobs' available DROPS to 925. If you have 850 people employed, your unemployment rate is 8.1% So, even though you have FEWER people working, your unemployment rate goes DOWN.

This, and the following, accounts for our most recent reduction in the percentage of unemployed. Confused yet? Oh, you will be... Trust me... You can read it in its entirety by clicking HERE.  

But after all, today is a Monday, and reading this fact-based series of Mathematical exercises will only make you sad. Upon reading, you'll learn that everything in Washington in a shell game.  
And in DC... They hold your nuts in their hands. Turn your head and cough.

It's all you can do until November 2012. THEN, the nuts will be in your hands, won't they?  

Oh yes, they will, and get ready to squeeze them hard. As we wrap today's exchange, I want to confirm that no Minotaurs were injured in the generation of today's post.  

However, this woman? She's in BIG trouble...