The ‘Obama Factor’ and Unemployment Statistics
I have to agree — those plans are working just fine — if what the President wants to do is reduce the number of makers, and boost the number of takers. On that score, Obama has made undeniable progress from Day One of his administration.
As evidence —
See the chart below, which shows the Labor Force Participation (LFP) Rate. This statistic answers the following simple question:
What fraction of our total civilian working-age population is actually employed?
In this statistic, people are counted as either working or not-working. It doesn’t matter whether they’re looking for work or not. That makes this statistic harder to “fudge” than the widely reported “unemployment rate”. While there are month-to-month variations, note the steady, linear decline in the trend lines since Obama took office in January, 2009. Well done, Mr. President!
This is The Obama Factor. It’s a phenomenon, a statistical trend, and a chart we should all demand to see every time the state-controlled DMC reports the usual unemployment rate statistic. If the DMC doesn’t oblige, continuing that malpractice it calls “journalism”, you can find the chart at this link.
Do Obama’s re-election prospects get worse as the LFP rate continues to fall? One might think so, but the answer is No. Perversely, his prospects actually get better! There are two reasons:
First, all those newly unemployed people are prime candidates to become new Obama model-citizens. He convinces them they are victims of the vilified “1%”, he offers them extended unemployment benefits with more borrowed money, and, with high confidence, he chalks them up as Obama-voters come election time.
Second, once these folks say they are no longer looking for work, they no longer count as “unemployed”. Consequently, they contribute to a drop in the commonly reported unemployment statistic.
This is terrific news for Obama — a double win — as long as voters remain stone-cold ignorant of The Obama Factor.
As an aside, if you are an Obama believer who is currently unemployed but still looking for work, you could help the president’s “job numbers” if you would just stop looking for work two to three months before the election. If only half of the unemployed-but-still-looking would do that, the official unemployment rate would drop to between 4% and 5% just before the election. Wouldn’t that make a great campaign talking point for your beloved leader?
But I digress.
If Democrats/Progressives manage to re-elect Obama, The Obama Factor trend will continue — possibly accelerating. One day soon there will be so many takers that they can out-vote, out-shout, and out-threaten the makers. As the takers demand more and more, the makers produce less and less as they lose their remaining incentive to generate new jobs, products, services, and income only to see it confiscated. Eventually, many of them go on a virtual “strike” as the industrialists did in Ayn Rand’s newly relevant novel Atlas Shrugged. Soon thereafter, the Democrats/Progressives run out of other people’s money, borrowing power, and resources.
There will then follow some combination of rationing, civil unrest, martial law, tyranny, and virtual slavery to The State. The only alternative will be starvation or imprisonment in The State’s prisons and gulags. It has happened many times in many places. WesternFreePress.com recently interviewed three direct eye witnesses (here, here, and here).
Preposterous you say? Such a disaster could never happen here? Stick around. It’s on its way (before 2027) unless we act to stop it. And Obama recently laid more critical groundwork for this nightmare with his stealthy signature of the National Defense Authorization Act. That law gives him dictatorial powers over American citizens when and if he chooses. These powers violate (at a minimum) the Fifth and Sixth Amendment protections in the Constitution. But Obama has told us not to worry because he won’t use those powers unless he really has to. Small comfort.
This November, we have one last solid chance to reverse The Obama Factor, turn the economy around, and restore Constitutionally protected freedoms. Here’s hoping we score an electoral victory large enough to effect those changes as well as overcome the Left’s continuing attempts to commit vote fraud.
As one of the Republican candidates for President has said, the 2012 election is the most important US election since 1860. Those who again fall for Obama’s rhetoric, voting for him again despite his record, must share responsibility for the all-but-certain national mega-disaster that is headed our way.