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.