Via Rep. Allen West:
We all want the suffering of the American people from this rampant scourge of unemployment to end. However, today’s jobs report is confusing to say the least. Previous months numbers have been revised and yet the workforce participation rate remains at a 30 year low. The unemployment rate drops to 7.8 percent, that is where it was in January 2009 when the President took office. But the U6 computation of unemployed, underemployed, and discouraged Americans remains the same at 14.7 percent.
I agree with former GE CEO Jack Welch, Chicago style politics is at work here. Somehow by manipulation of data we are all of a sudden below 8 percent unemployment, a month from the Presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book “Rules for Radicals”- a must read for all who want to know how the left strategize . Trust the Obama administration? Sure, and the spontaneous reaction to a video caused the death of our Ambassador……and pigs fly.
Please read from CNBC today:
Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent, the first time it has been below 8 percent in 44 months.
The Bureal of Labor Statistics’ nonfarm paryolls report presented a slew of contradictory data points, with the total employment level soaring despite the low net number