Saturday, February 4, 2012

Lies, Damn Lies, and Obama's Unemployment Numbers

Look up bogus in the dictionary and odds are you'll see a picture of President Obama standing in front of the Bureau of Labor Statistics. Such is the reputation of the BLS as the nation's leading producer of economic propaganda.

You may have seen their headline number of 8.3% unemployment earlier today. What you didn't see is that the BLS had to "disappear" 1.2 million people out of the workforce over the last month alone to achieve that "drop".

It’s the headline that a President facing re-election with a dismal economic record didn’t want to see:

1.2 million people driven out of the workforce in a single month!

No comments: