Showing posts with label work. Show all posts
Showing posts with label work. Show all posts

Friday, October 5, 2012

A Cornucopia of Debunking for GOP Theory that Obama Cooked Employment Data


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pic by Brian McFadden

The jobless rate today went down to the lowest level since 2009 when Obama was sworn into office. And he gets full credit because the Republicans wouldn't lift a finger in Congress to help American get back to work.

U.S. Jobless Rate Falls to 7.8 percent
The rate declined from 8.1 percent because the number of people who said they were employed soared by 873,000 — an encouraging sign for an economy that’s been struggling to create enough jobs.
The number of unemployed Americans is now 12.1 million, the fewest since January 2009.

. . . The revisions show employers added 146,000 jobs per month from July through September, up from 67,000 in the previous three months.

The 7.8 percent unemployment rate for September matches the rate in January 2009, when Obama took office. In the months after Obama’s inauguration, the rate rose sharply and had topped 8 percent for 43 straight months.
. . . The September employment report may be the last that might sway undecided voters. The October jobs report will be released only four days before Election Day.

This is bad news for Mitt Romney, who wants everyone to believe the economy is in shambles and in need of a business guy like himself to take charge. Mitt would rather compare the U.S. to train wreck economies like Greece and Spain, and insist on cutting programs because we need "austerity." But he can't make that case if more people are going back to work.

So the conservative reaction has been predictable. As with the Poll numbers, they are attacking the messenger and attacking the humbers. The GOP is crying "Conspiracy" again because that's all they have.

From Jack Welch, former CEO of General Electric:



Psychological projection much? Jack Welch was once accused of cooking the books for GE and at the time was described as a "modern day robber baron" much like Mitt Romney.

In fact, today all I can think about is Mitt's accountant - now there is a guy who knows how to cook the books.

Conn Carroll of the conservative Washington Examiner tweeted:



Here are some others via BuzzFeed







Yeah, sure ~ on the royal orders of Caesar Obama, the lockstep Bureau of Labor Statistics conspired to only call Democratic households to find out if anyone had gotten a job recently, and whoever answered the random phones in those households lied, every single one of them, because they knew Obama needed some good economic news two days after the first debate, which Romney was sure to win. *eyeroll*

Funny, ain't it, that we never heard a claim of statistics fraud when the numbers were bad for the last four years. And now suddenly they are all wrong, and everyone is shooting wildly at the humbers.

Matt Yglesias used logic to debunk attacks on the Bureau of Labor Statisticson Slate:
. . . Trustworthy economic data is a very valuable public good that serves as a useful production input for tons of private businesses. It also helps smaller-scale government agencies and nonprofits make smarter decisions. And last but by no means least, precisely because the BLS is credible presidents know that they'd take an enormous political hit if they were seen as manipulating it.

Keith Hall, former head of the Bureau of Labor Statistics said on Wall Street Journal that cooking the books is impossible, even the "Chicago Way" as Jack Welch insinuated:
“There’s nothing wrong with the numbers,” said Mr. Hall. “The only issue is the interpretation of the numbers. The numbers are what they are.”

. . . The unemployment rate estimate is derived from a survey of households, which came up with an estimate that 863,000 jobs were added for the month.

But the separate establishment survey from which the official payrolls number is derived reported a more modest seasonally adjusted gain of 114,000 jobs in September. That was below the consensus forecast of 118,000, though the previous two months were revised higher.

. . . “The household survey is much smaller. When you look at something like labor force and employment levels, the uncertainty of those numbers is much larger,” said Mr. Hall. “Within two months, the household survey could show the unemployment rate eking back up.”

Unfortunately, the debunking is coming too late for Republicans who saw "Morning Joe" on MSNBC this morning, when Scarborough spent several minutes muttering "These numbers just don't add up. It doesn't make sense."

Video via Media Matters


He seems to have missed the part about these being "revised numbers." Doh!

Mark Halperin tried to talk him down, also via Media Matters

If you go just based on Twitter right now, and the people I follow who are conservative - they're about to make a huge mistake. They're gonna say BLS numbers are horrible, some people are already saying the numbers are made up to help the president politically. They have to find a way to talk about the economy and why Governor Romney would be better, not to try to - it's exactly what they did with the polls the last two months, to attack the methodology. These numbers are good. They're not only good symbolically, they represent the economy moving in a better direction.


I'm sure we will hear more of this, the last desperate gasp of a dying party.

Saturday, June 2, 2012

Economy Strains While "Constipation Congress" Ignores Business


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The Dow Jones Industrial Average fell 274.88 points on Friday after the government released a lackluster unemployment report. Employment didn't fall, but it didn't go up much either.

This isn't good news for President Obama, and Mitt Romney and his surrogates will blame the weak economy on the Obama administration.

But what about members of Congress who get nothing done because they are stymied by constant filibusters, rants, nonsensical abortion laws, and other trivia from the Republicans?

In a speech in Manchester, New Hampshire, Democratic Governor Martin O'Malley of Maryland coined a colorful new term today: "Constipation Congress." And he had a few other piquant things to say as well. Washington Post reports:
We have a constipation Congress. These Republican obstructionists wouldn’t pass gas if they thought it might help our president heal our economy...

Job creation is up. Unemployment is down. And while we still have a lot more work to do, because of President Obama’s leadership General Motors is alive and hiring and Osama bin Laden is not!

Could our nation’s jobs recovery be happening faster? Sure it could. but that would require compromise, practicality, and a focus on the common good — three concepts which the newly radicalized tea party Republican Congress is now totally incapable of grasping."
O'Malley's speech goes along with President Obama's Weekly Address entitled "It's Time for Congress to Get to Work," Obama also put the blame on the stonewalling of Congress on nearly every issue, but especially jobs programs.
Right now, this country is still fighting our way back from the worst economic crisis since the Great Depression. The economy is growing again, but it’s not growing fast enough. Our businesses have created almost 4.3 million new jobs over the last twenty-seven months, but as we learned in this week’s jobs report, we’re not creating them fast enough. And just like last year at this time, our economy faces some serious headwinds. Gas prices are starting to come down again, but when they spiked over the last few months, it hit people’s wallets pretty hard. The crisis in Europe’s economy has cast a shadow on our own. And all of this makes it even more challenging to fully recover and lay the foundation for an economy that’s built to last.

But from the moment we first took action to prevent another depression, we knew the road to recovery wouldn’t be easy. We knew it would take time, that there would be ups and downs along the way. But we also knew that if we were willing to act wisely, and boldly, and together; if we were willing to keep at it, and never quit, we would come back stronger.

. . . I sent Congress a jobs bill last September full of the kinds of bipartisan ideas that would have put our fellow Americans back to work and helped reinforce our economy against those outside shocks. I sent them a plan that would have reduced the deficit by $4 trillion in a way that’s balanced – that pays for the job-creating investments we need by cutting unnecessary spending and asking the wealthiest Americans to pay a little more in taxes.

Since then, Congress has only passed a few parts of that jobs bill, like a tax cut that’s allowing working Americans to keep more of your paycheck every week. That was important. But Congress hasn’t acted on enough of the other ideas in that bill that would make a difference and help create jobs right now. And there’s no excuse for that. Not when so many people are looking for work. Not when so many people are struggling to pay the bills.

So my message to Congress is, get to work.