Spinning the Obama-conomy

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The Obama spin machine is in overdrive trying to fool the American people about President Obama’s dismal record in office. His campaign has a website called AttackWatch devoted to fighting back against what the Obama spin machine claims are “false attacks on the President.”

First, the Obama spin machine is trying to convince the American people that the economy has substantially improved under Obama’s watch, evidenced by the lower January unemployment rate of 8.3%. We’re all happy that the unemployment rate appears to be going down (although it is still higher than when Obama took office). However, there are questions as to how the 8.3% rate was calculated. Nearly three million people are not being counted as part of the labor force in the Bureau of Labor Statistics calculation of the unemployment rate. They are arbitrarily excluded from the base labor pool as if they did not exist.

Here is the kind of caveat that you find when you read the fine print of the Bureau of Labor Statistics report for January 2012:

In January, 2.8 million persons were marginally attached to the labor force, essentially unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals were not in the labor force, wanted and were available for work, and had looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey (emphasis added).

The more meaningful underemployed rate for January 2012 (which includes people not currently looking for work because they believe no jobs are available for them and total employed part time for economic reasons) is 15.1%.

Also, the 243,000 jobs that were reportedly created in the month of January may reflect some computer model expectation-adjusted numbers because fewer seasonal jobs were lost than had been expected. The difference between the loss of seasonal jobs that were expected and the lower number of seasonal jobs that were actually lost appears to have been recorded by the Bureau of Labor statistics as a net gain of jobs. As the New York Post’s business columnist John Crudele concluded after examining the detailed calculations behind the 243,000 job growth number:

A loss of jobs that isn’t as bad as expected turns into a job gain. Does that mean there really are 243,000 new jobs out there? Absolutely not.

When we get past the ambiguous employment figures, every other significant measure of economic performance is unambiguously worse since Obama became president. Here are just three examples:

• 1. The national debt was $10.627 trillion in January 2009 as compared with $15.371 trillion today.

• 2. The average retail price per gallon of gasoline in the U.S. was $1.83 in January 2009 compared with $3.50 today.

• 3. The number of people in poverty in the U.S. was 39,800,000 in January 2009 compared with more than 46,000,000 today.

The facts on the dismal state of the U.S. economy under President Obama speak for themselves.

The second area that the Obama spin machine is trying to re-write involves Obama’s drastic cuts in Medicare to fund Obamacare. The Obama administration’s funding of Obamacare depends on making $500 billion in cuts to Medicare spending for seniors over a period of ten years. Yet when Republican candidates running for their party’s nomination simply point out this heavy blow inflicted on seniors, all that the Obama spin masters can say is that the Republican candidates misunderstand the issue. To the contrary, it is the Obama administration which is misleading the public, particularly seniors, as to its true intentions. Obamacare’s Independent Payment Advisory Board (IPAB) and the regulations being churned out by the Department of Health and Human Services are all about top-down, government mandated health care rationing.

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  • oldtimer

    I was affiliated with a Catholic Hospital for years. They took in everyone, insured and uninsured until they had to close due to lack of funding. They did not provide abortions or contraception but they did more for the poor than any other hospital in the area. Now obamanation wants these organizations to go against their religious beliefs to pay, directly or indirectly for these things. This is unconstituional, but than again didn't our president say that he wanted to make changes and the constitution was getting in his way.There are plenty of organizations out there that provide these services.
    Unfortunately, our taxes are already funding organizations that provide these services, so even though we may be against them, we have no choice in this venue. But, Catholics(I am not Catholic) should stand firm in their beliefs and our constitutional rights. Obama's manipulation of words, the insurance companies will pay for it, what a joke! Who's paying the insurance? Companies will stop providing insurance, but than again, that's what Obama wants, everyone on Obama care, except him,his family and all the other crooked polititians.

  • Spider

    Q: Do you know why Obama Hates Asprin ?
    A: Because they are white and they work.

  • StephenD

    I agree with Obama's call for fairness. Those that currently pay no taxes should begin. It is also unfair for anyone NOT paying taxes to have any say on how tax revenues are spent. Therefore, I propose that if you don't pay taxes, for whatever reason, you should have no vote – no say – in how those monies are spent. Period. Watch the politicians scramble to get it right after their entitlement votes are no more. Suddenly, they'll all call for prudence. We all have to run our homes with the money we take in. None of us decides to add a room or renovate the kitchen unless the money is already there. This government sets itself up to what it wants to be and THEN determines how much it needs to operate rather than operating within its means. Time to clean house, before we end like Greece.

    • DeepBreathPeople

      Luckily, every American pays taxes. State taxes, sales tax, real estate tax, payroll tax, etc. We won't end up like Greece because we control our own currency and can adjust our monetary policy depending on economic conditions.

      • Rifleman

        "We won't end up like Greece because we control our own currency and can adjust our monetary policy depending on economic conditions." So did the soviets.

        • DeepBreathPeople

          There are slight differences between the economy of the Soviet Union and the United States. One is our entire economic system. Another is that we have, by far, the largest economy in the world.

          • Rifleman

            We're too big to fail, whew, boy am I relieved. Thumbs up!

            Too bad those differences between us and the soviet union are getting slighter by the day.

          • DeepBreathPeople

            Every nation in history rises and falls, though there is not much evidence that we are in a decline. While China is currently scary now, Japan was just as scary in the '80s and Europe was ten years ago. Now our economy is improving and Europe's is having its issues.

            We also have (and continue to have) one of the most capitalism-based economies on the planet. There are few nations in the world that are as opposite to the Soviet economy as we are. Any notion to the contrary is hyperbole.

  • oldtimer

    FYI. I just read on another site that Obama's budget includes $800 million to Arab spring countries and $1.3 billion to Egypt, which has just elected the Muslim brotherhood to control and done away with the constitution in favor of Sharia. Keep the money in the US and help those here that need help!

  • Anamah

    His ideology is a lethal blast in expansion over America.