...The massive shedding of jobs in light of an Obama re-election has started. Weekly jobless numbers have jumped *up* from 73,000 to 430,000 according to the Wall Street Journal. These job losses come after warning signs this week from the markets and business owners who say they can't afford to keep employees with ObamaCare and the fiscal cliff looming
Mark Twain observed that there are three kinds of lies: Lies, damn lies, and statistics. People have been cooking the books since the beginning. I remember in 1982 the Reagan administration decided the way unemployed were counted overstated it. They decided that anyone still not working after their unemployment ran out was no longer in the workforce. They also decided that teens who once worked but aren't shouldn't be counted either. Overnight the unemployment was cut in half! Funny thing is that everyone went along with this. Everyone heralded the tremendous reduction in unemployment. The consumer Price Index looks at the price of a "Market basket" of goods but the items in it change over time. The Reagan administration replaced items in the basket with ones who's price was not rising making inflation disappear. Since the Gross Domestic Product is also tied on the CPI it also looked like America was suddenly much more productive as well.
Of course both sides cook the books. Both sides also cherry pick the statistics they like and ignore the ones they don't. I do have to say that conservatives have been far more adept at the practice than Democrats. It is to the point where the Romney campaign caught in multiple mistruths said that their campaign would not be dictated by fact-checkers and to a lot of people this seemed like an entirely reasonable thing to do.
The Wall Street Journal has always leaned to the right but consider that now that they are owned by News Corp who also owns Fox "News." I wouldn't expect them to toss the Obama administration too many props.
We just had this thing called a hurricane. Anyway, the bureau of labor statistics said unemployment applications grew by 78,000 but mostly in states ravaged by Hurricane Sandy. People who's employer is burned down, under water, or still without power have a lot of trouble keeping their employees working. As far as all the CEO's who say they are cutting hours, not opening new restaurants, adding "Obamacare" surcharges to checks, etc. Republicans are the worst loosers in the world. They are so hacked that their guy Romney didn't get in that they all are using their bully pulpit to trash the president and policies that the majority of Americans voted for. It is just sour grapes.
@filletofspam your figures seem to me, to be more credible,
along with your analysis of the "mechanism" or "act of God" causing the increase. I would be interested to see a link to Niky's source from which she claims a rise of more than 350,000 in one week! ( quote: "Weekly jobless numbers have jumped *up* from 73,000 to 430,000 ..." quoted from the original posted question).
My request for a link supporting her ludicrous claims have simply been met with a typically dogmatic assertion implying that she is privvy to some sort of arcane knowledge that I am expected to check for myself (presumably by those mystical psychic powers that are only available to the chosen few).
@that 1 chick my second comment on this thread was perhaps honed with a degree of rudeness and sarcasm. However, it merely matched Niky's own rudeness in claiming that I was in denial in doubting the data that she suggested had been obtained from an ostensibly reliable source. If she genuinely had a reliable source, it would have been easy enough for her to give a link, or at least a sufficiently extensive verbatim quote to enable a reader to google and find the original source from which she implied she had extracted legitimate data. Her rebuttal of that polite request was in my opinion deliberately obstructive and I stand by my response, sarcastic & rude or not.
Can i please add in that the whole deppresion like era started when rebublican george w. bush was president. Also i double checked what filletofspam was saying and he is right.If you would like to see the stat.s from before the hurricane this website shows them: "http://funadvice.com/r/3jtiepvfp4" Another thing to think of is there anything that President Obama could have done or done dif. to effect these numbers?
and "father christmas" though i mostly agree with you... I think resorting to sarcasm against a person in what should be a peacful discussion of different oppinions is not only rude but ridiculous.why can't you just have a political debate with out acting like a small child and just give facts to defend your opinion instead, and actualy be polite about.
It seems to be the case... It seems that a massive number of people lost their jobs. There are quite a few people referencing these figures.
We are going worst than i thought i dont even want to wonder how its going to be at the end of the 2nd term.
oops copied the wrong adress here is the correct one:http: "//http://funadvice.com/r/3jtiepvfp4"
Sorry, but I doubt your figures.
Please provide a link to your source of data.
......according to the W______ S_______ J_______ ....aka 'source' (in original entry)
it won't let me put it in, but type in bls.gov and go to news releases
They're facts..ck it yourself or stay in denial, your choice
Medical giant Stryker cuts 1,170 jobs, citing ObamaCare