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Elections, Politics

Cooking the Books – The Obama Way

Posted: October 31, 2012 at 2:15 pm   /   by

Dick McDonald

In 2007, the workforce in America was 147 million; today, that figure has dropped to 143 million, its lowest level since 1981 (according to the Bureau of Labor Statistic’s “Industrial Survey” of 400,000 businesses). That decline by itself doesn’t give us the whole story, because approximately 150,000 new workers have to be added monthly to the workforce to account for population growth. That means without considering retirements the workforce today should total 156 million or 13 million more than today’s total (60 months times 150,000). So who is cooking the books?

The government tells us the unemployment rate dropped from 8.3% of the workforce to 7.8% in the last two months. That means .5% of 143 million or 7.1 million new jobs were added to the workforce in July and August.  But according to the same government agency, the Bureau of Labor Statistics (BLS), only 163,000 were added in July and a pathetic 120,000 were added in August. So who is cooking the books?

The question is how do Obama and the Democrats pull off lies like these just before an election.  Well folks I hope it isn’t news to you but the bureaucrats in the BLS are Democrats and they make up the team that calls and visits 60,000 Americans every month to determine the unemployment rate (the “Household Survey”). If a person surveyed has worked one day out of the month he is considered “employed” for the whole month including a one-day stint babysitting for a neighbor.

Let’s see. Do you believe the 7.8% figure now?  Do you think the bureaucrats were unbiased in asking the Household Survey questions?

Cooking the Books – The Obama Way