Friday, October 5, 2012

Yes, the Democrats recovered quickly from Wednesday's butt-kicking at the hands of Romney.  The myriad of excuses for Obama's poor performance cooked up today by campaign staff and the media are nothing short of astounding in their ridiculousness.

They range from the thin air in Denver, to the failure of Jim Lehrer to stifle Romney's challenge of Obama's phony facts, to the fact that Romney simply lied.

Romney lied?  Lied about what?  Excuse me, but exactly what promises has he made to the American people that he has broken?  This is nothing but a cheap and childish and desperate attack, especially considering its source.

After all, Obama has done nothing but present half-truths and outright lies for four years, repeating them over and over until the typical brain-dead liberal can recite them as scripture.  There's an old saying invoking the actual color of kettles versus pots, but I will refrain from giving the race-baiters any ammunition.

But I digress.  The unemployment numbers came out today, and Democrats across the country danced in the streets with what they claim to be new and certain proof that Obama's policies are indeed working, and that the Republicans can go suck eggs.

Let's examine these unemployment numbers.  From the government's own website, the Bureau of Labor Statistics:

"The unemployment rate decreased to 7.8 percent in September, and total nonfarm payroll employment rose by 114,000, the U.S. Bureau of Labor Statistics reported today."
We are supposed to believe that adding 114,000 jobs lowered the (U3) unemployment number by three tenths of a percent, down to 7.8% ?  Using some simple math, this means there are roughly 38,000,000 employed in this country (basic math).

That number isn't even close, so there must be some other way to calculate this magical indicator of our economic health.  Let's go back to the BLS website:

"The unemployment rate declined by 0.3 percentage point to 7.8 percent in September...The number of unemployed persons, at 12.1 million, decreased by 456,000 in September."
Interesting enough, with only 114,000 jobs added in September, the number of people unemployed fell by 456,000.  I wonder what happened to the other 342,000 people in September.

So according to our government, the true number of people unemployed today is 12.1 million,  This represents 7.8% of the labor force, then that puts our labor force a bit over 155,100,000:

"The civilian labor force rose by 418,000 to 155.1 million in September while the labor force participation rate was little changed at 63.6%."

155,100,000 people, at a 63.6% utilization rate, yields 98,600,000 people with jobs and there are 56,500,000 members of this "labor force" who apparently don't want to look for work.

I find the 42.1 million person difference between those "in the labor force" who don't want to work and those who are "officially counted" as unemployed a bit mind boggling.

Government math is indeed confusing.  I wonder how they ever balance their checkbook?

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