At a very modest labor force growth to 157 million (a mere 90,800 a month since the recession ended), the unemployment rate would be 9.8%. Using Bernanke’s estimate of 125,000 jobs a month, the labor force would be 158,480,000 and the unemployment rate would be 10.6%. Growing at the trend, the unemployment rate would be 11.5%. – Mish Shedlock
Archive for February, 2012
February 7, 2012 07:17
Fewer Nonfarm Employees Now Than December 2000; Unemployment Rate: Some Things Still Don’t Add Up; Obamanomics?
February 7, 2012 06:57
A Nation of Government Dependents?
In 2010, 49 percent — or nearly half — of the U.S. population lived in a household receiving government assistance. According to Investors.com, this percentage of the population has gone “up from 44 percent the year before Obama took office, and way up from 1983, when fewer than a third were government beneficiaries.”
February 7, 2012 06:38
Dem Congressman Tells Union Fox News Is the “Enemy”
Rep. Bennie Thompson (D-MS) tells the Communications Workers of America to switch on Fox for 30 seconds to see what the “enemy” is up to. Thompson has received over $100,000 in contributions from unions. Democrats like Thompson don’t want Americans to hear any opposing views.
February 7, 2012 06:02
Exposing MSM Tricks on Unemployment and Presidential Polling
This pollster has displayed an interesting habit of surveying far more Democrats than Republicans, which — surprise! — produces favorable data for Democrats. Rather than be held to account for their questionable methods, WaPo/ABC has simply decided to hide their methodology from the public altogether. – Townhall.com
February 7, 2012 05:43
Mexico Nominates First Major Female Presidential Candidate
Vasquez Mota, a one-time journalist and economist, has served in the government as a legislator, as education secretary, and as the country’s first female social development secretary. She also was Mr. Calderon’s campaign manager.
February 7, 2012 05:34
A Fairness Quiz for the President
Is it fair that after the first three years of Obamanomics, the poor are poorer, the poverty rate is rising, the middle class is losing income, and some 5.5 million fewer Americans have jobs today than in 2007? – Wall Street Journal
February 7, 2012 05:15
Ninety-Nine Years of Evil
Class warfare was part of the deal from the beginning. The income tax turned the social fabric of the country into a giant lifetime boat, with everyone arguing about who had to be thrown overboard so that others might live.
February 7, 2012 05:08
Judiciary’s war on religious freedom continues
New York schools kick churches out. Heavenly Visions has met in I.S. 52 for 12 years now, most recently paying the New York City Department of Education almost $10,000 per year for the privilege. Soon, unless others overrule the educrat edict, many churches will be homeless and many schools will be poorer. – World Magazine
February 7, 2012 04:50
Wiretaps Prove DOJ Officals Knew of Gun Walking in Fast and Furious
Fourteen months since Border Patrol agent Brian Terry was killed by weapons from the ATF gun scandal. The Justice Department has provided only 8% of the documents requested by the Congressional Oversight committee investigating the scandal. Many of the documents they have provided are so redacted that they provide nothing.
February 6, 2012 12:40
Was Clint Eastwood pitching government bailouts in Super Bowl ad?
Flashback: “Overall, $1.3 billion will not be recovered from the bankrupt Old Chrysler, but Massad still called it a ‘major accomplishment.'” – CNN
