the “counters” are humans with opinions and biases…not machines.excellent analysis at www.aei-ideas.org (10/5/12) by James Pethokoukis, with an impressive resume of esperience in writing on economic topics.“The sickly, stagnant September jobs report”…printed 3 pages.-“the U-3 unemployment rate fell to 7.8%, the 1st time since Jan.2009…but that’s only due to a flood of 582,000 PART-TIME JOBS.”“the broader U-6 rate” (discouraged workers who have given up looking for a job and part-time workers who want full-time included in the counting) “stayed unchanged at 14.7%…” (which is the TRUE UNEMPLOYMENT RATE)…“involuntary par-time workers rose from 8.0 million in August to 8.6 million in September”-Obama promised 5.6% unemployment rate in Sept.2012 if the $800 Billion stimulus package was passed by congress in 2009. And the 2007 recession officially ended June 2009. This everlasting non-recovery is due IMO to Obama’s anti-biz policies.
If folks would use the case of individual states’ unemployment rates as an indication of how an economy works, they’d clearly see whether Obamanomics was “working” or not. The bottom 5 states with the highest unemployment in the country (with rates between 9.7 and 12.1) are ALL “BLUE.” If states that used Obama’s economic model were “recovering” the rest of the country, this would not be the case. Hence, Obama’s Marxist policies are a miserable failure.
PREDICTION: If Barack Obama is reelected, unemployment will rise to double-figures in 2013, and they will STAY THERE, Mark it down.
According to the Bureau of Labor Statistics, the last time unemployment sat below 8 percent was in January 2009, when it was 7.8 percent. Unemployment rose to 8.3 percent the next month and continued on that track until it hit 10 percent in October 2009. From there, it dropped gradually, reaching 8.2 percent in May 2012, making that the 40th consecutive month the rate had been at 8 percent or higher. June also rolled in at 8.2 percent.
@DenverM….in other words, from January 2009 when the unemployment rate was 7.8% and the recession ended June 2009, the U-3 rate is back (through an “annual” jiggering) to 7.8% where Obama started.….the real rate is U-6 which is 14.7% which counts the workers on benefits, plus workers in part-time jobs though theywant full-time jobs (8.6 million) and counting workers who have removed themselves from the Labor Force….14.7% is the true unemployment USA rate.-Conservatives want Good News….a reversal of Obama’s anti-business policies so American can begin a normal recovery of expanding businesses and more jobs and more employed in jobs that are full-time and pay more….wages have been steadily declining, in inflation-adjusted dollars. Median household incomes have been in an Obama FreeFall.
Businesses are moving out of the U.S. because they can pay employees $2/hr, ignore safety and environmental laws, and they don’t have to pay for healthcare.The GOP wants to bring those conditions to America.
Some of the most brilliant of conservative economists like Friedman and his “ilk” say that government intrusion and interference in the cycles of the market and federal spending stimulus actually prevents normal recovery by the markets.FDR kept the 1929 severe recession going into the 1940s!If Bush hadn’t had his arm twisted in December of 2008, and agreed to the first bailout of the banks with scheduled paybacks of taxpayers’ monies, and Obama hadn’t jumped in with such delight to add more “stimulus” (much siphoned off to reward big donors with failing businesses) in “Crony Capitalism” abuses, we might have had a real recovery.-as to McCain, IMO he could have been talked into doing the same as Bush and Obama, but we have no way to know because the MSM manufactured a “Saviour” named Obama.
jonesb over 11 years ago
What an idiot, the numbers are phony. Every president since Clinton has fudged the numbers, both parties.
Chillbilly over 11 years ago
People DO notice that the GOP celebrates the bad economy.
disgustedtaxpayer over 11 years ago
the “counters” are humans with opinions and biases…not machines.excellent analysis at www.aei-ideas.org (10/5/12) by James Pethokoukis, with an impressive resume of esperience in writing on economic topics.“The sickly, stagnant September jobs report”…printed 3 pages.-“the U-3 unemployment rate fell to 7.8%, the 1st time since Jan.2009…but that’s only due to a flood of 582,000 PART-TIME JOBS.”“the broader U-6 rate” (discouraged workers who have given up looking for a job and part-time workers who want full-time included in the counting) “stayed unchanged at 14.7%…” (which is the TRUE UNEMPLOYMENT RATE)…“involuntary par-time workers rose from 8.0 million in August to 8.6 million in September”-Obama promised 5.6% unemployment rate in Sept.2012 if the $800 Billion stimulus package was passed by congress in 2009. And the 2007 recession officially ended June 2009. This everlasting non-recovery is due IMO to Obama’s anti-biz policies.
yohannbiimu over 11 years ago
If folks would use the case of individual states’ unemployment rates as an indication of how an economy works, they’d clearly see whether Obamanomics was “working” or not. The bottom 5 states with the highest unemployment in the country (with rates between 9.7 and 12.1) are ALL “BLUE.” If states that used Obama’s economic model were “recovering” the rest of the country, this would not be the case. Hence, Obama’s Marxist policies are a miserable failure.
PREDICTION: If Barack Obama is reelected, unemployment will rise to double-figures in 2013, and they will STAY THERE, Mark it down.
josefw over 11 years ago
There ya go, stretching the truth again…
According to the Bureau of Labor Statistics, the last time unemployment sat below 8 percent was in January 2009, when it was 7.8 percent. Unemployment rose to 8.3 percent the next month and continued on that track until it hit 10 percent in October 2009. From there, it dropped gradually, reaching 8.2 percent in May 2012, making that the 40th consecutive month the rate had been at 8 percent or higher. June also rolled in at 8.2 percent.
disgustedtaxpayer over 11 years ago
@DenverM….in other words, from January 2009 when the unemployment rate was 7.8% and the recession ended June 2009, the U-3 rate is back (through an “annual” jiggering) to 7.8% where Obama started.….the real rate is U-6 which is 14.7% which counts the workers on benefits, plus workers in part-time jobs though theywant full-time jobs (8.6 million) and counting workers who have removed themselves from the Labor Force….14.7% is the true unemployment USA rate.-Conservatives want Good News….a reversal of Obama’s anti-business policies so American can begin a normal recovery of expanding businesses and more jobs and more employed in jobs that are full-time and pay more….wages have been steadily declining, in inflation-adjusted dollars. Median household incomes have been in an Obama FreeFall.
neuturn over 11 years ago
I agree, but we have come upon the seasonal hiring time again. The numbers may have risen but they will fall again as they did earlier this year.
Uncle Joe Premium Member over 11 years ago
Businesses are moving out of the U.S. because they can pay employees $2/hr, ignore safety and environmental laws, and they don’t have to pay for healthcare.The GOP wants to bring those conditions to America.
schmegs24 over 11 years ago
I think it is funny that this cartoon is laughing at many of the very people posting here
disgustedtaxpayer over 11 years ago
Some of the most brilliant of conservative economists like Friedman and his “ilk” say that government intrusion and interference in the cycles of the market and federal spending stimulus actually prevents normal recovery by the markets.FDR kept the 1929 severe recession going into the 1940s!If Bush hadn’t had his arm twisted in December of 2008, and agreed to the first bailout of the banks with scheduled paybacks of taxpayers’ monies, and Obama hadn’t jumped in with such delight to add more “stimulus” (much siphoned off to reward big donors with failing businesses) in “Crony Capitalism” abuses, we might have had a real recovery.-as to McCain, IMO he could have been talked into doing the same as Bush and Obama, but we have no way to know because the MSM manufactured a “Saviour” named Obama.