Thursday
Jun022016
TRUMP TURNS OBAMA INTO STUTTERING MESS
FRIGHTENED OBAMA TRIES TO TRASH TRUMP
President Obama went on the attack against Donald Trump this afternoon at a campaign stop in Elkhart, Indiana, and seemingly forgot for a few moments how to form words.
Reader Comments (12)
http://www.politico.com/story/2016/06/bryan-pagliano-fifth-amendment-223796#ixzz4AMxnYSs8
Increase in number of working age people: 18.23 million
Increase in # of people working or looking for work: 4.71 million
Under Barack Obama, in other words, the percentage of people entering their working age years who actually found work or were even looking for it was 25.8%.
How long do you imagine the U.S. can survive when 3 out of 4 people who reach their working age years don't find work and don't look for it? When each person with a job has to support 3 people without jobs?
And quite aside from Obama's nationwide slaughter of the labor force--a horror show that Pol Pot could only dream of--Obama also murdered the rule of law in the U.S.
Conclusion: Obama killed the republic formerly known as the United States of America, and yet his permanently jobless supporters love him. Propaganda problem, anyone?
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How many have jobs of the 4.71 million? And are the 18 million all teenagers who turned 16 or something in the last 8 years? Wondering how those numbers are derived. Without a doubt the numbers are shocking on the face.
In that time frame, the working age population (what Fed economists call the civilian non-institutional population) went from 234.7 million to 253.0 million.
http://research.stlouisfed.org/fred2/series/CNP16OV
Over the same period, the labor force went from 154.2 million to 158.9 million.
http://research.stlouisfed.org/fred2/series/CLF16OV
For any given month, the labor force comprises people who have jobs or who've been looking for jobs in the last 4 weeks, so it somewhat overstates how many people actually have jobs. By how much I don't know. But it's upper bound on jobs, to be sure. In other words, the 4.7 million additions to the labor force don't all have jobs. It's a BEST-case scenario for Obama. And it allows for an apples-to-apples comparison of Obama with previous presidents going back to Harry S Truman.
The labor force participation rate (LFPR) is simply the percentage of the working age population who are in the labor force. The LFPR has declined drastically during Obama's term, from 65.7% to 62.8%. But when you disaggregate the LFPR into the numerator of labor force and the denominator of working age population (as I did in the comment above), you see how much worse the situation actually is than the LFPR figure standing alone would suggest.
Establishment Democrats know how horrific the jobs situation is. They've thus been on an absolutely furious--and completely dishonest--campaign to explain away the decline in LFPR as the result of an aging population.
I made a video (not too long after I'd learned the basics of video production) annihilating that myth. It's called "Obama Caught Lying About Jobs and Bricking Layups" and features Obama failing miserably in 3 different sports.
http://www.youtube.com/watch?v=z2WrfNg1gNc
The decline in LFPR has NOTHING to do with the aging population and EVERYTHING to do with jobs offshoring, particularly manufacturing jobs.
Paul Craig Roberts, the Assistant Secretary of the Treasury during Reagan's first term, saw the video and loved it. We ended up writing a paper for his blog together with Dave Kranzler of Investment Research Dynamics, whose youtube channel the Golden Truth posted the vid. (I helped Dave start that channel. It was a way for him to get exposure and for me to learn how to make videos; the early videos are INSANELY bad.)
http://www.paulcraigroberts.org/2014/09/04/lie-serves-rich-roberts-titus-kranzler/ ("In this five to six minute video, John Titus shows that in actual fact the government’s own employment data show that baby boomers have been entering the work force at record rates and are responsible for raising the labor force participation rate above where it would otherwise be.")
Over on the GOP side, Donald Trump continues to gain strength, despite the nonstop artillery barrage of Democratic operatives and their clone army in the mainstream media. Trump just rolls on and on, despite every foot-in-mouth gaffe that would stop a normal campaign cold. He’s terrific on the radio, I must say. Even though I do like Elizabeth Warren (I even believe she has Native American ancestry, although certainly not enough to qualify her for affirmative action), I burst out laughing in my car last week when I heard Trump confidingly say (like a yenta at Zabar’s deli), “She’s a woman that has been very ineffective—except that she has a big mouth.” His New York comic timing was spot on. I laughed out loud again this week when I heard Trump interrupt his press conference to tag an ABC reporter as “a sleaze”—at which I am sure thousands of other radio listeners heartily cheered. It’s been a long time since any major politician had the chutzpah to tell the arrogant, double-dealing East Coast media what most of the country thinks about them.
http://www.salon.com/2016/06/02/zombie_time_at_campaign_hillary_camille_paglia_on_trumps_real_strength_and_clintons_fatal_sleepwalking/
Thanks for the detailed breakdown of the numbers. Trump talked the other day about the real unemployment rate being near 20%, which he got from Shadow Stats. It's another reality that the Obama media will not discuss because it makes their savior look less than stellar, so it's easier and more helpful to their cause to simply quote the 5% unemployment figure.
That's the best news I've heard in a month. John Williams is a stud whose work is altogether ignored by mainstream figures--until now, apparently.
"the 5% unemployment figure"
Ask anyone quoting that figure how it's computed and behold the vacant stares. It's a figure for dupes to parrot around the water cooler in a risible effort to sound informed.