Skip to main content

If this is not a perfect example of the smoke and mirrors used last week to try and boost Obama's numbers then you cannot be convinced that there are people in the current administration who are manipulating the MSM in order to keep this guy in office.

 

http://economywatch.nbcnews.co...latest-week#comments

 

And this is from the Liberal home of Chris Matthews, who I bet has a tingling feeling in more places than his leg lately.

Hillary in 2016?  Why not?  We've already had one "girly man" serving in office for the past 7 years, we might as well give her chance as well!

Original Post

Replies sorted oldest to newest

Before it gets yanked from the website, let me copy and paste it here so it can be found....

 

The number of Americans filing for unemployment benefits leapt to the highest level in four months in the latest week, erasing the large drop reported last week and then some.

The Labor Department reported Thursday that initial claims, a notoriously volatile data point that is subject to large swings due to technical factors, rose a seasonally-adjusted 46,000 to 388,000. The four-week moving average, which smooths out wrinkles in the data, rose 750 to 365,500. Both data points remain below 400,000, suggesting that the labor market is healing, although at a snail's pace.

"Improvement in the labor market will continue to be fitful and slow," said Joseph Trevisani, a market strategist at Worldwide Markets in Woodcliff Lake, New Jersey.

Last week, California reported a large drop in applications, pushing down the overall figure to the lowest since February 2008. This week, it reported a significant increase as it processed applications delayed from the previous week.

A department spokesman says the seasonally adjusted numbers "are being distorted ... by an issue of timing."

The government adjusts its readings for claims to take into account regular seasonal swings. Claims usually increase at the beginning of a quarter, but one state appears to be following a different pattern than normal in reporting its claims, which led to the wild fluctuations over the last couple of weeks, a department official said.

The Associated Press and Reuters contributed to this report.

Um hmmm, and last week you all said it was a conspiracy by the Dems to make Obama look good before the election. As far as I can tell, we are still three weeks away from election day. Does that mean there is now a conspiracy by the REPUBS to make obama look BAD before the election? Or could it just be that this type of thing happens every time the numbers come out and that is why "initial claims, a notoriously volatile data point that is subject to large swings due to technical factors" are adjusted every week?

 

There is nothing new here at all. Happens all the time. Sometimes the numbers are adjusted upward, sometimes they are adjusted downward. We are still seeing econimic growth, albeit slow growth, just as all the economists have predicted. All of you conspiracy theorists should hang your heads in shame.

Oh No!...this is a perfect example of what we were talking about.  The last week numbers were manipulated, and the new numbers show that.  Because a certain state, California, one of the big Obama supporters, recently decided to change their methods of reporting jobless numbers....come on....you actually believe that?  What is even more worrisome is that this administration used that data without even considering that it was erroneous, because they were so interested in  buffing their image they did not care if the numbers were right or not.  Like I said last week, the "booming recovery" is a fallacy that will be revealed after Obama is re-elected.  As someone who is supposedly so informed as yourself, I would expect you to be a little troubled by the fact that the media is being so manipulated in favor of the sitting president, much the way a dictator manipulates the press to enslave their peoples.

 

I don't, personally, think there was any manipulation of anything.  Now did California delay reporting in order to allow the figures to dip below 8% for the first time?  I don't know and nor does anyone else but t could be a mistake or it could be on purpose in order to take away the claim that the rate hasn't dropped below 8%.  Either way the more telling thing, in my opinion, is to compare the amount of reporting that each gets.  Does the bad news report and California's omission from the report get as much publicity and play as the 7.8% value?  

 

What about those who decried anyone for daring to question the report?  I think there was more than enough reason for people to be skeptical of an enormous jump/improvement just before an election and after a disastrous debate especially when there are not other supporting figures to indicate that the reduction was legitimate.  I too find it difficult to say it's a conspiracy or planned because they would know the truth would come out before the election.  IF the truth and actual readings would not have been released until after the election then I could more think it was deliberate or purposeful. 

 

Fact is though that the Administration has not caused or effected a drop to 7.8% and in truth the values hasn't dropped below 8% but now that this has happened people will be corrected or said that they are lying to indicated that values haven't dropped below 8% during his Presidency.  Also for those who stated and held to that 7.8% as undeniable and gold standard because BLS stats were unquestionable and undeniably accurate and therefore there was no way that they could be manipulated ... well ... I think all of us know now that they can be manipulated to indicate something that was not factually accurate, in this case the unemployment percent value of 7.8%. 

 

The real bad thing about this is not the political ramifications behind it but the fact that people invest and commit lots of money, in stocks, based upon any financial news, positive or negative.  When yoiu have good figures then the market goes up but then when it's discovered that the numbers are really false then the markets drop causing many people to lose money.  If it was deliberate then someone ought to lose their job for

 

Ohh here is the link:

http://www.cnbc.com/id/49460659

although the article said that the good reports are short lived I think that's a misnomer as the real title should have been good reports revealed to be false.   What's also regrettable is the amount of harassment and ridicule that many took, from media , Democrats, and others just because they dared to question the report or suspect that maybe there was some purposeful deception behind it.

As I said before, the numbers have ALWAYS been released each week, and they are ALWAYS adjusted the following week. Sometimes upward, sometimes downward. The stories are ALWAYS printed in the Associated Press. The only ones making an issue of this ROUTINE story are those who want to somehow turn it into a conspiracy theory.

 

There IS no story here except in the minds of some of you Romney supporters. You are grasping at straws.

O  No!...the number reporting  methodology suddenly changed, for no reason, in one of the biggest states in the country, and one of the biggest markets in the world.  The numbers reflected a huge decrease in the number of unemployed. The current administration jumped on it. They went to press and made a huge announcement that the economy was the best it had been in four years. People on the know, and those who realized this was BS, called them on it.  Some of us werre told "we hated America, and ldid not want the country to recover".  The administration did not bulge.  Today's numbers more accurately reflect the true picture, yet there is no rush to press saying the "sky is falling".  If you refuse to admit that this was trickery, I can value your opinion, since I know where you stand.  If however, you refuse to admit that the economy is no where near the improvement that was touted, then it is being hippocritcal.

Last edited by teyates

Tey, I said in my earlier post that I believe the economy is improving, albeit slowly. All of the data indicates that it is, and economists agree.

 

Do you really believe the unemployment dept. in California would intentionally skew the numbers when they KNEW they would have to report everything the following week?

 

And I looked up the current, adjusted unemployment rate as of today but it hasn't been posted yet. I'd be willing to bet that it is STILL going to show improvement. When the new number is released we can discuss it, but until it is, how can Obama or Romney or anyone else for that matter, "crow about it"?

When you talk to people every day, all over the country, and all you hear is layoffs, businesses closing or cutting back, people losing life insurance they've paid for years because they can't afford the premiums any longer, (heard that from a former customer yesterday) and they have nothing to leave their spouse when they die, losing their life savings, homes, you know how bad things are now and how much worse it gets each week. So when you hear the dems trying to say things are getting better-it's beyond offensive. Why do people that have been in business for 20+ years, or more in most cases, say this is as bad as they've ever seen it, and there is NO end to the misery in sight? Have these business people all of a sudden just become stupid and unable to see a "good thing" when it's right in front of them? Are they closing their doors and laying off people just because they don't like obama?  If he was doing all these wonderful things, how stupid would these people be to want him tossed out of office? Do you bankrupt yourself, lose your company, your livelihood, your employees livelihoods, savings, homes, etc because you don't like the president? That is insane thinking. The truth is people can't stand him because he's a know nothing, never did anything waste of time that is taking this country even closer to ruin.

O No!...the crowing was being done by the head of the chicken house last week.  The WH used those flawed numbers in an attempt to make themselves look better.  The LIberal media jumped on the bandwagon.  Those numbers are from today's report according to NBC News.  The story was not from Fox, or any of the other more "right" leaning sites which the Dems always refute.

I just don't believe it is getting better, I think it is stagnant and we are yet to see how bad we are really in the woods. 

Another key figure is that welfare enrollment is up 40% under this administration.  Certainly something else not to be proud of, wouldn't you say?

If you listen to people, you will also hear some of them tell you they just got a new job. You will hear SOME businesses telling you they are doing just fine.

 

You only hear the negative stuff because you don't want to acknowledge the positive. Sure, things are bad, but they ARE improving. I have friends in construction who have been out of work for a long time, but now they are going back to work because housing starts are up. Housing was the catylist for this recession that started under the previous administration (whether you want to admit it or not).

 

And if you think Romney's "plan", if he really has one, is going to bring the improvements more quickly, I have a bridge in Brooklyn I'll be glad to sell you.

Originally Posted by Bestworking:

I bake and decorate cakes for friends and every once and a while for other people that ask me. Most times they'll email pics of the cakes they want duplicated. I got one a while ago that said "Obama, you didn't bake this cake."  It was fondant covered, round, and red-white-blue. I enjoyed doing that one very much.

Pretty good, though the stupidity in people running with that statement is strong.

I agree the housing market is improving around here, but it never really got as bad as in most places. It is with hope that the banks are using much more discretion on lending than previously, or we will be back in this mess again.  One reason the foreclosure rates decreased was because over the past five years there were essentially no significant increase in loans.

A large number of the jobs which are available are for less than a 32 hour week, and in most cases will not result in benefits such as insurance, with intentions to hire more low hour workers to beat the insurance penalty on them by Obamacare.

If you are seeing this slow growth it is stagnation, not growth.  In reality we are retiring people as fast as we are employing them. 

 

And yes I do think that Romney has a plan that will at least help to give businesses enough security that they can move forward.  If nothing else the promise of the Obamacare taxes are making most small business owners look at options they have on the table, wther they be closing the doors and retiring, or scaling down their operations.  Much can be said from the podium of the West Wing that affects small business attitudes, and those attitudes are the driving force behind a lot of employment. A business friendly administration that will look to balancing the budget, keeping us out of war, and reducing the deficit might be the jumpstart we need, not more promises of bigger government and higher taxes.

 

Originally Posted by hayssco23:
Originally Posted by Bestworking:

I bake and decorate cakes for friends and every once and a while for other people that ask me. Most times they'll email pics of the cakes they want duplicated. I got one a while ago that said "Obama, you didn't bake this cake."  It was fondant covered, round, and red-white-blue. I enjoyed doing that one very much.

Pretty good, though the stupidity in people running with that statement is strong.

==============

I'd say the stupidity of the person that made that statement is what's so strong, but not as strong as the stupidity of the people who scrambled to say, "we know what he said,  he meant what he said, but he didn't mean what he said." 

I'm ready to vote, and voting romney-let's see if we can get rid of this train wreck taking up space in the oval office. I talk to actual people who are living the mess this half baked community organizer got us into. I'm in business. If he was so wonderful and doing all these great things, I'd not only be singing his praises, I'd be voting for him and urging everyone else to do so. However, I know he's a disaster and an even bigger disaster in the making if he's allowed to stay in office. This man has got to go. VOTE ROMNEY

Originally Posted by teyates:

And yes I do think that Romney has a plan that will at least help to give businesses enough security that they can move forward.  If nothing else the promise of the Obamacare taxes are making most small business owners look at options they have on the table, wther they be closing the doors and retiring, or scaling down their operations.  Much can be said from the podium of the West Wing that affects small business attitudes, and those attitudes are the driving force behind a lot of employment. A business friendly administration that will look to balancing the budget, keeping us out of war, and reducing the deficit might be the jumpstart we need, not more promises of bigger government and higher taxes.

 

You “think Romney has a plan”,  pray tell us about it Teyates.  Obama is a Christian and doesn't lie.

If you want to face judgement having supported a liar like Romney; it's a risky move on anyone's part I think.

Romney is sly. He knows Obama has the economy on the move upward and he wants to ride it and claim it therefore he does have a plan in that regard but his war buddies want him to start another war so companies like Halliburton and his wall-street coharts can rob people again. I cannot believe these gullable voters around here. You better think twice about another dose of Republican. Just keep making out like you are concerned about abortion and same sex marriage; Reverand Wright will turn out to be correct: God will "D America".

Bestworking I’m going to bet you are marketing something that is near bottom of  the necessity chain and is at least improving if you will be honest with us. Romney could do nothing other than write you a gift check if he was not counting on the upward move of the present economy under Obama. Obama saved the automotive industry, which I am first hand tier one supplier involved.  Every tier one suppler is swamped and covered up to the neck and no room to breathe. Obama has stopped bleeding at banks and wal-street and it is taking time to train banks that they cannot make risky loans and that they cannot be a hazard to the economy again.  Housing is coming back and will continue.

   If you think for one minute we are not going to have to pay back every penny we have spent on wars you are wrong. Obama has ended one war and is committed to ending another. Your Republican party seems to think we need to start another war over our ambassador being killed. That may turn out to be the case but it will be after Obama has a chance to bring the killers to justice. We cannot afford another war without more of the same sacrifice the 47% has given for the past twelve years. I’m sure you haven’t missed a meal. I know how this bellyaching works.  God has blessed you.

PEOPLE--

 

If you want to read some well-presented. fact-filled analysis of Mitt Romney's tenure with Bain Capital and just how he and Bain made their money, get hold of this week's  Newsweek Magazine and read the article on this subject by David Stockman, former Reagan budget chief.  Stockman himself was a venture capitalist and knows how that system works and he makes a very forceful and compelling case that the Romney experience in lucrative, manipulative venture capitalism is NOT the kind of business history that prepares a president for repairing the economy and getting more folks employed.

Quaildog,

you lost me with your "Obama is a christian" statement.  Everything you said after that was drowned out by my laughter.

Romney at least sees that medicare has to be revamped for those of us under the age of 55.  The current administration is doing NOTHING in those regards and under the current strain medicare will be non-existant within 10 years, maybe less if the projected physicians leave the system like has been projected.

Ryan has proposed methods to help balanace the budget, but again there has been nothing from this current administration to quell the deficits that continue to bloom under Obama.  He is a disgrace as a leader, and those that support him continue to demonstrate that all one has to do is promise something they cannot provide and people will line up to support them.

Contender, the assault on Romney via Bain Capitol is getting old.  Any true businessman that has been iinvolved in mergers and acquisitions is going to have at least half the people ticked off at them.  His involvement in Bain at least saved a portion of the business from going in to the drain.  He has many other accomplishments that overshadow Bain, and a heck of a lot more than the community organizer who currently holds office.  It is time for someone with a little business sense to lead this country out of this stagnation, and Obama is not it.

Bestworking I’m going to bet you are marketing something that is near bottom of  the necessity chain and is at least improving if you will be honest with us.


=================

Well, as usual you would be wrong. Our business is not improving, it has gotten worse and we are like everyone else now who has tried to "hang on", facing the possibility that we will have to start laying off people. We've avoided that so far for a few reasons, but business improving was certainly not one of them. 

BTW "quaildog", I have never posted anywhere at anytime that I have "missed a meal", but by gosh those meals were paid for by our hard work, not handed to us by the government. The only "bellyaching" is from you "entitled dems" that cry because someone is actually trying to find/keep jobs and work for their living, and if they do, aren't real eager to hand their money over to you to **** away. BTW, you dems love wars when you're the ones starting them, doncha? And you love the fact that you can be brazen enough to "speechify" and urge the country to war, then act all innocent and hope you can get away with that act when people call you on it. Don't like wars? Then maybe you dems should keep your yaps shut and stop calling for them. No "gawd" has blessed me. Once more, we have worked for anything we have.

Small businesses will be small businesses in the future--under 49 employees.  The owners will certainly refrain from investing time and money to get above that level to avoid expenses associated with the Affordable Healthcare Act.

Full time jobs will be very hard to find on lower paying jobs.  They'll just hire two sets of part timers to do one full time job.

On Job healthcare and 401K's will be hard to come by--since so many workers will be part time.

Workers will have to hustle to find two part time jobs just to get by on.  And, they'll have to purchase healthcare on the open market.  Younger workers can purchase Blue Cross coverage cheaper than the $2,000 penalty they're facing for having no healthcare.

 

And if regulations get much worse, the Baby Boomer small business owners are going to pack up their businesses, pack up their houses, and move to a low tax/good weather place like Florida or Costa Rica.  If they've made enough money to last them the rest of their lives, they're not going to put up

with this bull--it any longer.  When they've had enough, it's adios.  And, screw the workers that made all the $ for them that cannot retire.

http://www.forbes.com/sites/pe...cessions-on-the-way/

 

 

As the Wall Street Journal editorialized last weekend,

“Working part time is certainly preferable to not working at all, but it’s tough to pay the mortgage, energy, medical and grocery bills with a 20-hour-a-week job.  The job market has been bad for so long that people are settling for any paycheck they can get.  One suspect in this shift to part-time work is the cost of providing health insurance, especially with ObamaCare looming.”

Last edited by Bestworking

Bestworking I’m sorry if I offended you I’m just trying to help.

Most businesses are picking up. Yours may attract a small market, your competition may be great, transportation of your product could be costly, advertisement issues,  if you are in manufacturing you may have employees in high workers comp rates. What ever you are doing you might sell interest to a larger company that can use your niche and expertise and reduce the per item cost to produce.

I did not say anything about the numbers, they are still over 8%, just like they have been, it remains a travesty that they have been at that rate and much high thru the past four years, and I hthink I am ready for some real change, not some soothsayer who is offering nothing.

But, like a very well known economist I heard today on TV, there is no great solution out there.  America has nothing new to offer the world that cannot be done as good somewhere else.  Our days on the top of the hill have been squandered.

Originally Posted by Quaildog:

Bestworking I’m sorry if I offended you I’m just trying to help.

Most businesses are picking up. Yours may attract a small market, your competition may be great, transportation of your product could be costly, advertisement issues,  if you are in manufacturing you may have employees in high workers comp rates. What ever you are doing you might sell interest to a larger company that can use your niche and expertise and reduce the per item cost to produce.

==============

You didn't offend me. You have no idea about my business and the ones we do business with. We and they KNOW what the problem is.

Add Reply

Post

Untitled Document
×
×
×
×
Link copied to your clipboard.
×