More bad news for Obama

j-mac

j-mac

Verified User
The Gallup Organization had some bad news for Barack Obama on Friday. It's not that Obama fell behind Mitt Romney by two points in Gallup's daily tracking poll, although that couldn't have helped the the O-Team's spirits heading into the weekend. Between now and the election, polls are likely to be less stable than Joe Biden's thought process.
The really bad news for the Chicago mob is that Gallup's unemployment survey shows the Obama economy is getting even worse. Gallup reported an uptick in joblessness in their latest survey of 30,000 households.
"(T)his suggests that the government's unadjusted unemployment rate could increase to 8.7% ... The government's measurement of the unadjusted unemployment rate has been known to differ with Gallup's findings, but a drop of 0.3% ... is necessary to bring the government's unadjusted rate down to Gallup levels."
However, the figure that is most commonly used in reporting joblessness is the Bureau of Labor Statistics's (BLS's) seasonally adjusted rate. Of that rate, Gallup notes:
"More interestingly, there were no BLS seasonal adjustments in August 2011. If this remains the same in 2012, the Gallup seasonally adjusted unemployment rate for August would be 8.3% while that of the BLS would be 8.7%, assuming a similar increase to that shown in the Gallup data."
That would represent a .4% increase over last month's numbers and would raise the official government jobless rate dangerously close to 9%.
Gallup adds:
"Further, Gallup's data show the labor force participation rate to be increasing in August. In turn, that could have an additional negative impact on the unemployment rate for August if the government's data show a similar pattern."
Gallup hints that only something like manipulation of data will prevent the BLS from reporting a substantial increase in unemployment.
"Regardless, barring heroic adjustments or a sharp change in direction, Gallup data suggest the seasonally adjusted U.S. unemployment rate for August will increase -- possibly substantially -- when announced in early September." (emphasis added)
As previously noted, Gallup pointed out that last year's August data was not adjusted. It will be interesting to see if the BLS decides to adjust their data this year.
The BLS has generally enjoyed a favorable reputation. However, under the Obama gang, economists have begun to scratch their heads over some of the numbers produced. Last month, for instance, the Bureau's payroll survey of employers reported the economy added a slightly better than expected number of jobs, but the BLS also reported that the unemployment rate actually increased. That's because its separate survey of 60,000 households, the one that most closely matches Gallup's, reported that 200,000 fewer folks had jobs in July.
The Bureau of Labor Statistics will report its August unemployment figures, the next-to-last report before the November election, on September 7th -- about the time many people start giving the election serious thought. It's been said that the campaign doesn't start until after Labor Day.
With Gallup reporting on Friday that 1 in 4 American workers are either unemployed or underemployed -- not counting the millions of folks who've given up looking for work -- this is simply devastating news for the guy who said he'd be a one-termer if he didn't fix the economy. Or would be if it's reported.
Look for it to be buried, though.


Read more: http://www.americanthinker.com/2012..._news_on_the_obama_economy.html#ixzz23wz2MYC2
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The MSM will carry water, and bury this story. And what is sad is that liberals will defend Obama's record of failure with lies...If we as a country vote this guy back in we deserve what we get.
 
So, an hour and a half and a thread with real substance to it on the issue of this election, and crickets....Unbelievable....And this is a political debate site, or just an anger outlet site?
 
j-mac said:
So, an hour and a half and a thread with real substance to it on the issue of this election, and crickets....Unbelievable....And this is a political debate site, or just an anger outlet site?
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Howie, Bane, Rune, and Tator haven't received their Lefty E-Mail yet, to tell them how to respond.
 
"Concentrated power has always been the enemy of liberty". - Ronald Reagan

And Reagan should know.He was the consentrated power.
 
The recovery has been quite remarkable and welcomed by the educated amongst us. Just what caused and who was in charge when that rapid spiral towards the "greatest depression in the history of this nation" was being created? Something stimulated a reversal of that trend. Are you idiots still wondering about that?
 
Gatorman said:
The recovery has been quite remarkable and welcomed by the educated amongst us. Just what caused and who was in charge when that rapid spiral towards the "greatest depression in the history of this nation" was being created? Something stimulated a reversal of that trend. Are you idiots still wondering about that?
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Ive been talking about that for years,but very few listen.
 
Gatorman said:
I might miss a lot of what you say, wanderingbear, but I always appreciate your wisdom on any subject in which I do see you contribute.
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Thank you. I dont make alot of comments because alot of the stuff posted here by the rightwing wingnuts are BS and not worth commenting on.
 
j-mac said:
The MSM will carry water, and bury this story. And what is sad is that liberals will defend Obama's record of failure with lies...If we as a country vote this guy back in we deserve what we get.
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LOL You haven't seen the RCP electoral map have you? LOL Mittsies gonna lose now that the party stuck with with a right wing ideologue he's gonna lose big. LOL

That's two Presidential elections in a row where the Repelican candidate has imploded with his Veep choice. Fucking hillarious! LOL
 
j-mac said:
The MSM will carry water, and bury this story. And what is sad is that liberals will defend Obama's record of failure with lies...If we as a country vote this guy back in we deserve what we get.
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Higher unemployment numbers translate to a reason to vote FOR Obama...not against.
 
Ok, so overnight and some response to the thread....I guess predictable...From liberals, everything from continuing to blame Bush, to a complete inversion of what the numbers tell them.

Then there is this:

Althea said:
Higher unemployment numbers translate to a reason to vote FOR Obama...not against.
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OMG Althea, are you serious here?
 
j-mac said:
I'm sorry, do you have something to contribute, or are you just going to show what a dumb fucking asshole you are today too?
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More good news for Obama ..

Electoral Map Does Not Favor Romney

Republican candidate Mitt Romney may have to be extra careful with his electoral votes this fall, with some counts giving him a bare 20 votes over the 270 he’d need to win the presidency. That means that while there is a road to the White House for Romney, it’s not one that will allow for many mistakes. Republicans have had trouble winning a significant electoral ceiling in the past two decades, while Democrats have often swept up far more votes than needed—and Romney will need to take states such as Pennsylvania and Michigan, which have gone blue for the past five contests.
http://www.thedailybeast.com/cheats/2012/04/30/electoral-map-does-not-favor-romney.html

With the selection of Ryan, Obama 's campaign is looking even better with states like Florida now in play.

In fact, you right-wingers have re-vitalized democratic chances of winning the House and the Senate.
 
j-mac said:
The MSM will carry water, and bury this story. And what is sad is that liberals will defend Obama's record of failure with lies...If we as a country vote this guy back in we deserve what we get.
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Whats even sadder is that you'll take the big ol cup of partisan kool aid handed out by this site and just guzzle it right down.
 
blackascoal said:
More good news for Obama ..

Electoral Map Does Not Favor Romney

Republican candidate Mitt Romney may have to be extra careful with his electoral votes this fall, with some counts giving him a bare 20 votes over the 270 he’d need to win the presidency. That means that while there is a road to the White House for Romney, it’s not one that will allow for many mistakes. Republicans have had trouble winning a significant electoral ceiling in the past two decades, while Democrats have often swept up far more votes than needed—and Romney will need to take states such as Pennsylvania and Michigan, which have gone blue for the past five contests.
http://www.thedailybeast.com/cheats/2012/04/30/electoral-map-does-not-favor-romney.html

With the selection of Ryan, Obama 's campaign is looking even better with states like Florida now in play.

In fact, you right-wingers have re-vitalized democratic chances of winning the House and the Senate.
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We all know that this election is going to be close, and I personally on November 7, will be glued to my TV watching returns with some popcorn, and beer...But I don't think a liberal leaning site like the dailybeast is going to foretell the outcome today for Obama, anymore than FOXNews is going to have Karl Rove describe Romney's eventual win...We'll have to see won't we?

Whats even sadder is that you'll take the big ol cup of partisan kool aid handed out by this site and just guzzle it right down.
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Oh come on now Zappa...No more so, than you, or Bijou, or Rune, or Christiefan, or any of the liberals in here will guzzle their own flavor of Kool Aid. Sorry, if I am not too moved by your charge here.
 
j-mac said:
We all know that this election is going to be close, and I personally on November 7, will be glued to my TV watching returns with some popcorn, and beer...But I don't think a liberal leaning site like the dailybeast is going to foretell the outcome today for Obama, anymore than FOXNews is going to have Karl Rove describe Romney's eventual win...We'll have to see won't we?
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No .. you'll have to wait.

I already know who is going to win .. and I don't need polls, the money count, or any of the benchmarks that most people pay attention to.

The only questions are the House and Senate.
 
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