Our #1 story discusses the latest labor statistics. While the left seems to think things are getting better it’s not near enough. #2 talks about how the lottery to have lunch with the president seemed to have gotten the “perfect” winners. Imagine that.
On Those New Jobless Numbers
Break out the party hats! Unemployment is all the way down to 8.5 percent! Whoo-hoo!
Zero Hedge spotlights the steady increase in the number of Americans not in the labor force; he points out, “the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007.”
The recession may have ended in mid-2009 according to the economists, but the normal rate of growth in the size of the labor force stopped in 2008 and has yet to return.
Labor Force Size January 2009: 154,236,000.
Labor Force Size December 2011: 153,887,000.
We’re still down 349,000 from the size of the labor force when Obama’s term began. The labor force hit its lowest point during that time in January 2011, at 153,250,000.
Now look at the labor-force-size growth over the preceding three years:
January 2006: 150,214,000.
December 2008: 154,626,000.
That’s 4,412,000 more Americans in the labor force.
Heck of a job, Mr. President. If you drive enough Americans out of the labor force, unemployment will get down to the 4 to 6 percent range it was during the Bush years!
It’s always trouble if you have to show what if. That isn’t a winning formula for the Republicans. But here’s the silver lining for the Republicans in the coming election. There are millions of Americans who will come back into the labor force if hiring begins. What that means is that we may see hiring in the neighborhood of 300-500 thousand per month and see the unemployment rate go up!
A teacher, a veteran, a postal worker and a fireman walk into a restaurant...
Sound like the start of a joke to you?
Well the joke's on you if you happened to be a Democrat who entered the Obama campaign's national contest to have lunch with the President thinking you had as good a chance to win as the next guy.
What are the chances that a teacher, an Afghanistan war veteran, a postal worker and a fire fighter would be the four people pulled out of the proverbial hat as winners to have lunch with President Obama? Probably as statistically impossible as Rush Limbaugh, Sean Hannity, Mark Levin and Glenn Beck had they all entered the same contest.
Unfortunately just like every other liberal Democrat joke, it wasn't very funny and the punch-line was totally predictable.
Anyone with a grain of common sense knows this contest was probably a set up from the start and that everything the Obama administration does is scripted and calculated for his reelection. But then again, it's nearly impossible to find anyone in the main stream media these days that has a grain of common sense, let alone a sense of humor, that would report this sham….
Too smart by half. Obama’s reelection campaign seems phony and will make people doubt what they say.
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