October 29, 2012, 11:32 AM
UPDATE: Labor Department ‘Working Hard’ to Ensure Jobs
Report Released on Time.
Remarkable. The Department of Labor may have come up with
the perfect excuse for delaying the economic bad news for September.
Understand
that Obama changed the narrative as
regards unemployment and re-election. In late 2009, Conservatives were reminding folks that no
sitting president has been re-elected to a second term with unemployment at 7.2% or higher, since the days of FDR. While that is true, the Obama folks, masters of the rhetorical shell game, changed the narrative to read, “No sitting president has been re-elected
with an unemployment rate of 8% or higher,
since the days of FDR,” and the
lazy media allowed this to become the accepted talking point.
Two
months ago, the unemployment rate stood
at 8.3%. In July, suddenly that rate fell to 8.1% when all
indicators for the month told us the rate would be 8.4 or 8.5 percent, on the strength of the fact that 44 of the 50
states recorded increased unemployment numbers.
August
was even worse for purposes of rhetorical
fraud. On the first Friday of
September, Labor announced the addition
of 873,000, the largest such report in
30 years. 600,000 of these jobs were part time and 200, 000 were temporary jobs. In other words, that report was a sham. It brought the unemployment
rate down from 8.1 to the magic number of 7.8 percent. No one believed these numbers were credible. But the Administration immediately began using the report in its campaign propaganda.
After two months of phony reporting, it is time for a correction. Problem: today, we learn that the Department may put this off until after the election.
Has the "perfect storm" given the Administration the "perfect excuse?" We will know come this Friday.
No comments:
Post a Comment