Friday, October 5, 2012

That’s Some Fish Tale

"Unbelievable jobs numbers...these Chicago guys will do anything...can't debate so change numbers," tweeted Welch, the former CEO of General Electric.

Welch wasn't alone in raising questions about the jobs numbers. Americans for Limited Government, a conservative group that has been a steady critic of the Obama administration, issued a statement that said the numbers the Bureau of Labor Statistics "used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious...Anyone who takes this unemployment report serious is either naive or a paid Obama campaign adviser."

Conn Carroll, a senior writer at the conservative Washington Examiner suggested a slightly less nefarious form of manipulation of the data.

"I don't think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect," he tweeted. "Would love to see the partisan breakdown of the 873,000 Americans who say they got new jobs."

BLS denied there was any manipulation of the data or anything out of the ordinary about the unemployment rate calculation.

"This must be an anomaly," former Congressional Budget Office director Doug Holtz-Eakin said in a snap analysis of the numbers. "It is out of line with any of the other data...” 

Holtz-Eakin noted the household survey is smaller, suggesting it is not as reliable. He called estimate of 873,000 new jobs "implausible." 

He said the report was otherwise "solid," but reflected "the economy is merely moving sideways." 

Convincing millions more adults they don’t need or want a job has been the Obama administration’s most effective jobs program, despite trillions in new stimulus spending, industrial policies, targeted tax cuts, and social programs intended to boost demand. 


No comments:

Post a Comment

Please scribble on my walls otherwise how will I know what you think, but please don’t try spamming me or you’ll earn a quick trip to the spam filter where you will remain—cold, frightened and all alone.

LinkWithin

Related Posts Plugin for WordPress, Blogger...