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WSI: On Latest Obama Jobs Report: “Absolute Rubbish”

October 5, 2012

A longtime Wall Street power player makes clear the attempted October surprise jobs report by the Obama/Jarrett administration is a “fabrication built upon a fabrication” that proves just how desperate those who hope to keep Obama in power have now become.

“I note you have already created a response to this morning’s jobs report showing a reduction in the unemployment rate to 7.8%. Quite a significant drop. And quite a lie by this increasingly hysterical administration. Absolute rubbish in fact.”

As others have, or will note, the decrease comes primarily from a reduction in the overall workforce. This reduction has time and again been the sad foundation for earlier decreases in the unemployment rate during Jarrett’s reign over America. In this instance, nearly 350,000 people are no longer seeking work. As such, they are no longer being counted. So in essence, we have a report indicating a marginal job creation figure of just 114,000 while 350,000 have given up looking for work. That indicates 300% more Americans have given up than found employment during the month of September alone under the Jarrett administration. How easy then would it be, as our friend is so fond of saying, for them to “cook the books” by simply not counting hundreds of thousands of unemployed? Very easy indeed.

Unfortunately most have never heard of, nor understand the term U-6, a combination of both unemployed and underemployed. It is the U-6 that marks among the most depressing and heart-wrenching aspects of the last four years. That number remains at nearly 15% and shows no indication of improving despite this latest jobs report that is nothing more than a fabrication built upon a fabrication. Perhaps the media needs to acquaint more Americans with the U-6? And so they now will.

And so too shall there be a harder look into the machinations of the Jarrett Labor Department. Simply put, these numbers today don’t add up. I have personally reviewed them twice and something is amiss here. For them to be so open in their manipulations of data proves beyond a doubt their fear.

Do not concern yourself with this current distraction my friend. We remain resolute. This unemployment number is to be swept aside very soon. And I appreciate your willingness to remain near silent during this now very critical time. It likely has not been easy for you to do so.

(ht/Ulsterman… LINK
…………………………….

JW

Romney: Jobs growth not enough to re-elect Obama

WEYERS CAVE, Va. — The jobs picture improved in September, but Republican presidential nominee Mitt Romney said the fall in the nation’s jobless rate still is not enough to justify giving President Obama another term in office.

“This is not what a real recovery looks like,” Mr. Romney said in a statement, pointing to what he said was a downward trend of job-creation. “We created fewer jobs in September than in August, and fewer jobs in August than in July, and we’ve lost over 600,000 manufacturing jobs since President Obama took office.”

The Bureau of Labor Statistics‘ key jobs survey said the economy added 114,000 new jobs in September, and BLS said the unemployment rate dipped to 7.8 percent — a drop of three-tenths of a percent.

That means the rate is now back down to what it was in January 2009, when Mr. Obama took office, inheriting a recession from President George W. Bush.

BLS also revised July and August job numbers upward by a combined 86,000, suggesting a slightly better jobs picture over the summer than was reported at the time.

The jobs news comes just two days after Mr. Romney seemed to be gaining momentum from a strong debate performance.(…)

“If not for all the people who have simply dropped out of the labor force, the real unemployment rate would be closer to 11 percent,” Mr. Romney said in his statement. “The results of President Obama’s failed policies are staggering — 23 million Americans struggling for work, nearly one in six living in poverty, and 47 million people dependent on food stamps to feed themselves and their families. The choice in this election is clear. Under President Obama, we’ll get another four years like the last four years. If I’m elected, we will have a real recovery with pro-growth policies that will create 12 million new jobs and rising incomes for everyone.”

WT-LINK

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37 Comments
  1. October 6, 2012 1:19 pm

    “Barry Chin lost his hostage operation in Libya. He lost his debate night. Someone who
    knows intelligence might have concluded by now that Obama’s intelligence is all bad and operations are being run against him and he and his people have no idea how to deal with it.”
    ……………….

    The best way to read LC’s posts is to begin at the end and work backwards if there is something in it you don’t understand…go back and reread the line. S/he mentions UM and the Clintons an awful lot.. heh..

  2. October 6, 2012 1:25 pm

    I don;t think O wants to win he has already bought his mansion or so the gossip is saying.

    😆

  3. October 6, 2012 2:10 pm

    From Ulsterman:

    AmericaTheBeautiful
    October 6, 2012 at 4:55 pm

    The inside knowledge WHI refers to regarding the debate…..Romney fed the Obama plants, operatives, inside his campaign bad info…thus Obama was prepared for a different debate…as was Leherer…both cheaters outsmarted by Romney…for those who “get” the Lamecherry.

    Here is the “low down” on the debate. The Real Skinny:

    AmericaTheBeautiful continues:

    The following tale is one which started out in a most complex manner in Romney feeding all the major players their egos. See Romney knew who the people were inside his Rovian camp who were leaking directly to the Obama regime, exactly the way they were feeding intelligence to Obama about John McCain.

    Romney fed these operatives exactly what Obama wanted to hear and they expected a different Romney to appear on stage that night……that is why Obama’s folks were stunned and Obama looked phaser stunned, as Romney had been making certain those operatives were giving Obama information “of that other Romney” which Obama has been harping on.

    See and see this good…Mitt Romney gave David Axelrod, Val-erie Jarrett and David Plouffe the Romney playbook and that is what Obama was prepared for that night, complete with Obama responses. Problem for Obama was though, is that Mitt Romney anticipated thee exact responses Obama would give, and Romney was waiting there to hammer Obama as he tried to get up off the mat he had just been knocked down on.

    Obama was expecting the strawman he was promised, and Romney was several steps ahead in this in giving Obama information, that Obama thought he stole illegally, and Obama had that dumbfounded look on his face, mixed with anger as he could not figure out why Romney was not behaving as the moles he had placed around Romney were informing him Romney would act like that night.

    This becomes even better in this, as the Insiders…..no not Ulsterman’s insiders he interviews, but the insiders who Romney has had things promised to him from, and why Romney has been waiting around acting like he has a victory in the bag and was preparing for this haymaker night in the First Debate, they were the flies on the wall of the Obama preparations for this night and they had Obama’s playbook and that is what Mitt Romney was crafting all his responses to as he played for that nitwit in the middle group of 6% in psychological tests in knowing what would make them respond.

    Obama and his crew were shellshocked and they went into that “Romney lied” spin, because Romney had been feeding them those lines in selling it hard, and this group of Marxists bit on all. of it.

    Nothing was left to chance in this, in the Mormon operatives, in the coup de grace in this was the information on what Jim Lehrer was going to be asking in the questions. The reason Romney kept looking like he wanted to do something in that Obama split screen shot, is he was just in jubilation running though what he knew Obama would respond to and how he would hammer Obama again.

    Romney knew he could out CEO both Lehrer and Obama in muscling them on time and positions. That is why Lehrer lost control of the debate and let Romney run it, as he was canned and Obama was following Romney’s lead all night in trying to catch up.

    This is the kind of thing that would make Richard Nixon proud, and it makes me pleased too as Romney in his inner circle played this so close to the vest that he led the Bush Rovians to believe that little Jeb was going to be President in 2016 as Romney was going down hard.

    For the record, if you think the Obama claque was stunned, you should have seen Jeb Bush and his mouth droppers looks at what took place, and how their eyes narrowed when they figured out that it was the Clintons who were running wild in the aftermath driving this story of Obama being wiped out, the left wing media going nuts, and every one of them stating how awesome Mitt Romney was.
    ………………………….

    As I’ve said before, LC and UM are connected…

    LC reiterates a fact about the Romney campaign that no one at Pink could understand or grasp. The ranting and raving from the shrill about Rubio to the ridiculous headlines that went on for weeks on end at that blog in love with their own voices promoting themselves as eggsperts. Handing out campaign strategies and advise as if they hold world class resumes as global political strategists is absolutely LAUGHABLE… Like I said yesterday, it’s the blind leading the blind over there. Patting themselves on the back as the self-proclaimed (the Royal) “WE “said… a fumbling bumbling joke.. Although some of them are quite likeable and fun to converse with.. but the SOUL of PINK has left the body politic. (Elvis has left the building) Left it to the scavengers who will eventually devour it bleeding it dry as they did at the bereft Pumapac.. Punked again for the THIRD Time in a row… (same ego driven crew, different blog) BRAVO!

    This is why our readership has gone from 150 views per day to between 500-700.. We deal in facts not dancing to the tune of the ‘wannabes’ rantings punctuated with more questions than having any answers.

  4. October 6, 2012 2:34 pm

    Scary- this is the generation who will be taking over from us when the boomers are gone..Do they have to pay for brainwashing in college or does tuition cover that as well?
    ……………………………………..

    UW Madison Students: ‘Unfair’ That Obama Couldn’t Use Teleprompter in Debate

    Thousands of President Obama supporters turned out in in Madison, Wisc., for a rally following Wednesday night’s debate in Denver. The mood was somber, to say the least, as they waited to enter Bascom Mall at the University of Wisconsin Thursday afternoon. University of Wisconsin students and fellow Wisconsinites had mixed reviews on the president’s performance.

    I talked to supporters of the president who had watched the debate, asking how they thought the president did. One after the other said they were left unimpressed and “not inspired,” seemingly depressed and lethargic in their continuing support of the president.

    More than half the people I asked, who thought the president could have done better, said “it wasn’t fair” that President Obama was not allowed to use his teleprompter in the debate. And while a handful of supporters did say teleprompters had no place in the debate, one thought it was not only unfair to President Obama but both candidates.

    more after the jump:

    http://www.breitbart.com/Big-Government/2012/10/05/UW-Madison-Students-Left-Uninspired-Say-Unfair-President-Couldn-t-Use-Teleprompter-in-Debate

  5. October 6, 2012 3:19 pm

    If you plan on traveling by air for the holidays…

    here is an interesting development coming to you from the TSA scanners:
    ……………………………………………….

    A cheery note for the holidays… eh?

  6. October 6, 2012 8:09 pm

    NEW ARTICLE IS UP

  7. October 7, 2012 2:38 am

    Make no mistake, Obamamedia will try and start moving the polls back in a few days and say Obama will get a bounce from jobs figures and they will manipulate dem bias again, they have a problem though they have to start getting ducks in a row, on Tuesday October 9th, it will be exactly 4 weeks until election day but in reality it is already election day, Election day effectively started the day absentee ballots went out, past info will tell you, that after the first debate is often the time a lot of people start concreting choices and the last 2 days since the debate have seen a steady big increase in returned absentee ballots, RNC revealed last night election registration and GOP interest and enthusiasm has gone up almost 63% since the debate….63%, in other words through the roof…Romney raised over 12 million in 48 hours……Obama has to put up with this for 2 weeks before he can make a comeback at Romney if he can, until then the debate is an open wound bleeding votes to Romney everyday the public get reminded of the devastation leveled on him. Republican voter ballots in heavy republican areas as shown in Ohio are up anywhere from 5% to 25% on 2008, districts that went for Obama in illinois by 23% have him winning by 2 points in those districts….Illinois? if that does not scare the dems…………coupled with dampened Dem enthusiasm, we may have a perfect storm of whoopass coming down the line, the Dems failed to acknowledge it in 2010, they are doing the ostrich trick again this year. In state after state, i see Dem ballot requests way higher than they were in 2008, so yes that say this is a GOP enthusiasm election and that it will be nowhere near the D+7 it was in 2008.

    Funny how they have been saying for ages, the jobs numbers never move the dial when its way above 8% but suddenly its supposed to find good polling for Obama. For months we’ve been told, don’t pay attention to the jobs report. Watch out for the manipulation in the next week and poll massaging.

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