On The Right Track? Another Half Million Americans Fall Out of the Workforce
Now, remember when we were told, ladies and gentlemen, by the regime that the economy added 148,000 jobs in September? And do you remember we were told that the economy added 171,000 jobs in October, the unemployment rate was going below 8%? And do you also remember that I said at that time, “I don’t believe this.” And do you remember also that Jack Welch came out and said he didn’t believe it and thought they were fudging the numbers and they lit into Jack Welch. Well even back then, the chief economist at Gallup didn’t believe it, if you recall. They had entirely different numbers. But at the same time do you remember how we were more than mocked in the news media. We were lied about. We were impugned. I was, as a conspiracy theorist, for believing that the regime would doctor the numbers in their favor prior to the election.
Well, it turns out — he-he-he-he — we got the new numbers today. Guess what? He-he-he. It turns out that the regime’s estimates were a little off after all. Yes, by about 49,000 jobs on the plus side they were wrong. October’s jobless number, which was announced right before Election Day, was off by 33,000. Now, the revisions are in, and there were 33,000 fewer jobs created than we were told in the days immediately before the election. Now, you can be sure it was just an innocent mistake. I mean, anybody can make a mistake, especially if your bureaucratic job depended upon it.
The Labor Department says in its report today that Hurricane Sandy had no significant effect on unemployment, which, if I recall, calls into question all of the reports from the Drive-Bys over the last few weeks which did blame Hurricane Sandy for a huge uptick in unemployment claims. Look at all of the lies that we were told are now being revised. There are just two words to greet the unemployment news today, and they are “of course.” “Of course.” We were told 146,000 new jobs were created in November. More than a third of those were due to retail stores hiring for the holidays, i.e., they are temporary jobs. So how come that number is not seasonally adjusted? Why do they give us the raw number on that instead of seasonally adjusting that? I mean, if they’re not gonna seasonally adjust for Christmas hiring, why do they seasonally adjust for anything?