Today’s News, A Month Ago
By Mitch Berg
Remember when the September unemployment numbers came out, showing a record .3% drop in unemployment in September, claming 800,000 jobs were created even though only 100,000 new jobs were reported?
I said it had to be a statistical problem – a disconnect between the large Jobs Survey and the small Household Survey?
Well, we won’t have the official numbers unti tomorrow. But it’s not looking good for the President’s “recovery”.
November 1st, 2012 at 8:00 am
The reason some savvy people — like Jack Walsh — disputed the large drop in official unemployment is because the numbers don’t jibe. A decrease of 0.3% in unemployment in that short a period of time is normally accompanied a large increase in GDP. There was no large increase in GDP. Also, the added jobs came from the household survey, not the employer survey. The discrepency was huge, employers said they added ~150k. Household survey said that there were over 800k jobs added. They can’t both be right, and the household survey is acknowledged to be noisier.
I don’t think the books were cooked, I think the report was an outlier. The only economic number that is consistent with a job growth of 3 million/yr is the household portion of the BLS survey.
November 1st, 2012 at 8:51 am
From Ed Morrisey:
http://www.thefiscaltimes.com/Columns/2012/10/31/Obamas-New-Normal-4-More-Years-of-Job-Declines.aspx#SATu8rvsxBeLeuTT.99
November 1st, 2012 at 10:37 am
Just heard a Graves comerical on the radio. It was an older lady talking about why she dislikes Congresswoman Bachmann. The lady said she will be a grandmother soon. She said Bachmann voted against bills dealing with….she listed a number of things dealing with children. No details on the specific bills.
But what a bizarre world the Democrats live in. A soon-to-be grandmother is worried that if Bachmann wins re-election, it will be hard for The State to raise he grandchild.
My response? Hey lady. If you were a better mother, your son/daughter would be more equipped to raise the child themselves, instead of depending on Mother Government to raise the kid.
November 1st, 2012 at 11:27 am
Amen, Chuck. Amen.
November 1st, 2012 at 11:56 am
Graves is also finding his Catholicism to be an obstacle. He predicts the vast majority of evangelical voters — a growing segment of the new district — will support Bachmann, an outspoken social conservative and born-again Christian.
http://www.politico.com/news/stories/1012/83128_Page2.html#ixzz2AzUYtgSh
He is pro-choice and pro gay marriage, but he thinks the that ‘evangelical voters’ won’t vote for him because he is Catholic.
November 1st, 2012 at 12:53 pm
Terry, when Jack Walsh tells you someone is cooking the books, you listen. Nobody cooked them better than Jack when he was CEO of GE. I was looking at a chart showing the earnings of GE and you could see the increase in “noise” after he left. Wow!
November 1st, 2012 at 1:35 pm
Yea, Chuck Graves has been running them repeatedly all morning. A couple of guys talking about Michele missing 90% of the votes while she was campaigned, getting a Cadillac health plan, it’s time for her to go, she’s a liar according to TPaw and Arne “Can’t even get elected to a condo association board” Carlson, etc.
One of them even identifies himself as a friend of Jim Graves. Now, in my mind, anyone willing to call himself a friend and call someone else a liar, should be willing to ID themselves by name. But, of course, libturds live in their parallel universe where things like stating the facts, don’t apply.
November 1st, 2012 at 2:10 pm
I always love that. If a conservative/Republican politician runs for a different office and drops out of the race to go back to their current office, it’s all “LOOK AT WHAT THEY MISSED WHEN THEY WERE CAMPAIGNING!!!!”
I don’t remember ever hearing that campaign tactic used by an R trying to unseat a D who was campaigning for another office.
November 1st, 2012 at 3:24 pm
Wasn’t Walsh one of Obama’s big darlings in the early administration? If so, it’s interesting that he’s turning on his one time benefactor.
November 1st, 2012 at 4:01 pm
bubbasan, I don’t think so; at least as far as I’ve been able to find. Now, his replacement, Jeffy Immelt was so far up Obumbler’s butt, that if he stopped fast, Immelt would have had his neck broken. Immelt is also supposedly a Republican, from a staunchly Republican family.
November 1st, 2012 at 5:33 pm
Uh guys…Joe Walsh was the guitarist for the James Gang and latterly the Eagles. Jack Welch is the former CEO of GE.
November 1st, 2012 at 6:25 pm
Joe Walsh: “I’ve got a mansion, don’t know the price, I’ve never been theire, they tell me it’s nice’.
JackWalsh: ‘I’ve got a dozen mansions. I know what they cost to the penny, and I’ve never been to any of them because they’re investments. Do I look like the type who gets excited over tuscan marble and butler’s pantries?’