Skip to content

The Continuing Saga of Obama’s Corruption

October 7, 2012
Godfather Politics
10/6/2012

Two things happened recently that showcase Chicago corruption in the heart of D.C.

First, the more recent one: the unemployment rate of September. The unemployment numbers fell from 8.1 percent in August to 7.8 percent in September. These are the government’s numbers, of course.

You would think that if the Obama administration wanted to obfuscate, they would not have been so bold with such a drop as 0.3 points. But many economists are looking at the numbers with a great deal of suspicion.

When we take into account those with only seasonal jobs (for the holidays coming up), plus those who would like full-time work but, because of the economy, can only find part-time work, plus all of the jobless who have stopped looking for work and thus are not considered part of the unemployment numbers at all, the (U-6) unemployment rate is actually 14.7 percent. This is the number that matters, even though it is not the number that is ever reported.

The government says 114,000 jobs were created in September. These are the numbers President Obama will obviously be touting in the next month between now and the election, declining to mention that 342,000 left the workforce last month. (Which means there was a net loss of 228,000 jobs.)

And now… the rest of the story. …..
No comments yet

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: