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Bloviating Zeppelin: Obama: "The private sector is doing fine."

Bloviating Zeppelin

(in-ep-toc'-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.

Saturday, June 09, 2012

Obama: "The private sector is doing fine."


Eh, no it's not.

BZ

8 Comments:

Blogger Old NFO said...

"Clueless" in Washington... sigh

Sat Jun 09, 08:13:00 AM PDT  
Blogger Liberalmann said...

Obama's comments about jobs growth have some bearing. The economy has gained about 4.2 million private sector jobs since early 2010, putting payroll at about the same level as it was in January 2009. Since Obama took office, about 607,000 fewer people work in the public sector. State and local governments, unlike the federal government, generally have to balance their budgets, and with fewer revenues, spending cuts have forced layoffs.

Sat Jun 09, 09:14:00 AM PDT  
Blogger Well Seasoned Fool said...

He has since "clarified" his remarks.

Jay Leno joke. Most often phrase used by President Obama is, 'Let me be clear.' The phrase he uses the least often? 'Let me be specific.”'

Sat Jun 09, 10:05:00 AM PDT  
Blogger TexasFred said...

Anyone that believe the private sector is doing fine is a clueless MORON...

Wow, I just described the POTUS and his closest supporters...

Sat Jun 09, 10:14:00 AM PDT  
Blogger ∞ ≠ ø said...

4.3 million jobs since early 2010. Wooooo Hooooo!

1.7 million graduate from college annually.
x 3 = 5.1 million.

Add to that:
http://www.thegatewaypundit.com/2012/05/another-obama-record-number-of-americans-working-past-65-at-all-time-high/

Kick in 3 million jobs retained beyond retirement
growing at a current rate of 405,000 every year.
x 3 = 1.2 million

The private sector is behind by 2 million jobs a year since the beginning of 2010 to maintain the unemployment rate. The public sector has necessarily been shrinking. So how is it that the unemployment rate dropped when it mathematically has to be rising? Huh, that's a poser.

Sun Jun 10, 01:50:00 PM PDT  
Blogger Bloviating Zeppelin said...

∞ ≠ ø:

And so how DOES that work out??

BZ

Sun Jun 10, 03:18:00 PM PDT  
Blogger ∞ ≠ ø said...

Correction:
The private sector is behind by 2 million jobs since the beginning of 2010 to maintain the unemployment rate.
*(65 years and over): 12.8% (male 16,901,232/female 22,571,696) (2010 est.)
*Beginning January 1st, 2011 every single day more than 10,000 Baby Boomers will reach the age of 65. That is going to keep happening every single day for the next 19 years.
*one in nine American men over the age of 75 was working in April. About one in 20 women over that age have jobs.
*The National Center for Education Statistics (NCES) projects 1,781,000 students at the bachelor's degree level will graduate as the college Class of 2012.
**More than a third of men ages 65 to 69 are working, as are more than a quarter of women. (I used a flat 1 in 9)
**Over the most recent 12 months, the seasonally adjusted proportion of men ages 25 to 34 with jobs rose 2.3 percentage points, to 82.5 percent. The proportion of women in that age group with jobs rose one percentage point, to 68 percent.
17.5% of men aged 25 to 34 are not working... even a little bit.(approx. 3.5 million)
**As of October 2011 the U6 unemployment rate is 16.2 percent.
http://en.wikipedia.org/wiki/File:US_Unemployment_measures.svg

The labor statistics vs. the census data do not add up. I was very kind to use the data of the over 75... which is friggin amazing in itself.

I think it is very reasonable to look at U4 unemployment and the census data for males 25 to 34 and suggest a 15% national unemployment rate flushed with regional variances. Fornicalia may well be 20%.

How does it work out? Not well.
I think we may be Greece on steroids.

Sun Jun 10, 06:41:00 PM PDT  
Blogger ∞ ≠ ø said...

Oooooo... let's look at payroll figures. Well, what d'ya know about that? He's lying, again, of course.

http://blogs.investors.com/capitalhill/index.php/home/35-politicsinvesting/7190-private-jobs-down-46-million-from-january-2008-federal-jobs-up-114

With this president the opposite is always true.

Mon Jun 11, 11:49:00 PM PDT  

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