Early on in Obama's administration, the bad jobless numbers were used to criticize his policies.
Now, 3 years into it, the jobless claims are clearly improving but Obama's critics suddenly want to invalidate the metric.
Can't have it both ways kids?
All the left wing sites feed them is what they want to hear and/or believe 0_damn. That's it, if it didn't work and they didn't buy it they'd stop but they know they can control them by this and other tactics since they allow them to do it. Sad but true.
As for obama's numbers on literally everything it's amazing at how the real worl just doesn't jive with what he is always saying and it would be real nice if he would acknowledge gas prices and the rise of them due to him and only him. Gas causes literally everything else to go up as well since it relys on gas powered vehicles to get the goods to market, and NO, solar, windmill, etc ..... powered anything isn't the answer. But then thank you obama for giving Solyndra $500 milion of taxpayer money to spend/hide/lose.
Anyone ..... ANYONE, voting for that clown on Nov 2012 really needs to get their heads examined. Everyone makes mistakes. We are humans, but please do not make one in Nov by voting this enemy or America back into office.
BTW, Dean baker also said this:
"The Federal Reserve Board issued new projections for the economy last week, and they are not pretty. It projects the unemployment rate will still be 8.2 percent at the end of this year, 7.4 percent at the end of 2013, and 6.7 percent at the end of 2014. To put this in context, the unemployment rate peaked at 7.6 percent in the 1990-91 recession and never got above 6.3 percent in the 2001 recession. The Fed is projecting that seven years after the onset of the current recession, the unemployment rate will still be higher than at any point in the last recession.
This should have people alarmed and angry since it means that millions of lives will be ruined. Workers who are unable to find jobs will not be able to support families, contributing to stress and breakups." Dean Baker
Bet his Al Jazeera readers are lovin the
DEMISE OF AMERICA.
hoovy, I'm not interested in your left-wing
I prefer to stick to the hard cold facts.
I have written ad nauseum as to the flaw
in the use a "jobless numbers".
Any article that initiates it's arguments
based upon a flawed metric is not worth my
Let me guess, you watch MSNBC too. lol!
$6 Trillion gone for a LOSS of 1.152 Million
Yeah, nice job Obi...
The same metric has been used for decades.
You do understand that the number in NO WAY
measures the health of the economy due to
the FACT that it doesn't tell you how many
people that are ACTUALLY out of work or
have given up trying to get work.
You do understand how the number is computed,
I hope. As people give up looking, fall off the
unemployment rolls, retire, die, etc., jobless claims number decrease. Why? Because there
are FEWER people qualified for benefits.
Of course it is going to rise...Of course it
is going to "improve".
The Metric has been invalid since it's inception.
Just like the Inflation Metric. Total BS!
As your disposable income is reduced month
after month through continuously
higher gasoline prices and food prices,
Uncle Sam tells us that everything
is A-OK. ;)
Obviously none of these metrics perfectly measure anything. But as long as they have a consistent composition they can be used for comparison, yielding imprecise directional clues.
The data has been steadily improving and notable bears on the economy are taking note. Roubini is even spouting happy talk.
"Uncle Sam tells us that everything
is A-OK. ;) "
Not Obama, he simply says there is improvement so far and let's stay the course.
The GOP is advocating austerity, ask the Brits how that's working out.