Larry Johnson - Welcome to the magical world of Barack Obama and his media enablers. And yes, Fox News was doing its part to cheer-lead the glorious news that the ECONOMY HAS TURNED AROUND AND JOBS ARE GROWING LIKE DANDELIONS IN SPRING.
Don’t get me wrong. I really wish it were true. But it is a load of horseshit. Somebody at the Bureau of Labor Statistics is lying with statistics and hoping to hell you do not look at the actual numbers. So let’s take a look at the raw numbers and you will see what I mean.
Civilian Non-Institutional Population in February 2010 was 236,998,000
February 2011 it was 238,851,000.
With me so far? The number of people in the “Non-Institutional Population” grew by 1,853,000 people. The total civilian labor force in February 2010 was 153,558,000 and of that amount 138,698,000 had jobs. What percentage of the civilian labor force did not have jobs in February 2010?
So here we are one year later. The civilian labor force is 153,246,000. WHAT THE FUCK!!!! Did we have a major natural catastrophe that killed 300,000 people? Why do I say this? According to these statistics the civilian labor force shrank by 312,000. Maybe Jesus came back and there were only 312,000 Christians worthy of being raptured?
Back to reality. Now watch the magic of statistics. Compare the 138,698,000 employed in February 2010 with the 139,573,000 employed in February 2011. That means we added 875,000 more jobs in that 13 month period. What does that mean? In that 13 month period there were an average of 67,000 new jobs created every month. What’s wrong with that?
Plenty–we have to have at least 100,000 jobs each month in order to keep pace with population growth. We did not do that. Let’s accept at face value the claim by the Obama team that 192,000 new jobs were created in February 2011. That means only 56,916 jobs were created (on average) in each of the preceding 12 months.
Check out the numbers for “NOT IN THE LABOR FORCE.” In February 2010 83,440,000 were placed in this category. In February 2011? The number is 85,605,000. In other words, 2,165,000 people disappeared from the labor force.
If you stand in front of a mirror measuring your dick with a two inch toothpick while telling yourself you are actually using a 12 inch ruler, your belief does not transcend reality. Two inches will never, ever become 12 inches no matter how much you insist that is the case.
Barack Obama and the press by and large are lazy assholes who refuse to even think for a minute about the actual numbers underlying the labor statistics that were used today to spin the world into the mistaken belief that our economy has turned a corner and we are on recovery highway.
Yep, as long as we can come up with some new ideas for eliminating more people from the workforce and use imaginary math we can be at 4% employment in no time.