Saturday, July 9, 2011
Pssst! Those 18,000 Jobs "Created" in June? They Don't Actually Exist...
John Crudele in the New York Post explains how we most likely didn't gain 18,000 paltry jobs in June...we likely lost close to 113,000 jobs instead.
It's all in the number-fixing, and the Department of Labor is dancing as fast as it can. But alas, the American people are smarter than the Left seems to believe, and even this well-prepared scam is falling apart at the seams rather quickly, like a bootleg pair of designer jeans:
Now for the really bad news: that 18,000 gain announced by the government yesterday isn't real.
For one thing, the number of jobs increased in June only because the Labor Department simultaneously revised downward the number of jobs that existed in this country during May.
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Without the fence-moving operation in the May employment report, the June number -- yesterday's number -- would have shown a decline of 26,000 jobs.
Then there's another problem with June's employment report. Included in the 18,000 headline number is a guesstimate that 131,000 jobs were created by newly formed -- and, therefore, invisible -- companies.
If you want to send your resume to one of these companies, don't bother. They probably don't exist, and neither do the jobs the government thinks they are creating. These figments of the imagination of the Labor Department's computers will probably disappear when the numbers are checked early next year.
Since this entire column is filled with bad news, I may as well give it all to you at once: The job numbers are only going to get worse in the months ahead...
Unless Obama and Labor try to cook the books again. Still, the panic setting in within the administration is not without cause. What's that saying about peeing on our legs and telling us that it's raining...?
It's all in the number-fixing, and the Department of Labor is dancing as fast as it can. But alas, the American people are smarter than the Left seems to believe, and even this well-prepared scam is falling apart at the seams rather quickly, like a bootleg pair of designer jeans:
Now for the really bad news: that 18,000 gain announced by the government yesterday isn't real.
For one thing, the number of jobs increased in June only because the Labor Department simultaneously revised downward the number of jobs that existed in this country during May.
Then there's another problem with June's employment report. Included in the 18,000 headline number is a guesstimate that 131,000 jobs were created by newly formed -- and, therefore, invisible -- companies.
If you want to send your resume to one of these companies, don't bother. They probably don't exist, and neither do the jobs the government thinks they are creating. These figments of the imagination of the Labor Department's computers will probably disappear when the numbers are checked early next year.
Since this entire column is filled with bad news, I may as well give it all to you at once: The job numbers are only going to get worse in the months ahead...
Unless Obama and Labor try to cook the books again. Still, the panic setting in within the administration is not without cause. What's that saying about peeing on our legs and telling us that it's raining...?
Steven Chu: Our Own Kim Jong-Il ?
This is what happens when you give the intellectual elite power. This is what happens when people are told by everyone around them how brilliant they are. No matter how noble the aim, you get totalitarinism.
Even from Nobel Prize winning physicists. Or should I say, especially from Nobel Prize winning physicists. Obama's beloved Secretary of Energy, Steven Chu, sneers at us commoners and puts forwards a diktat:
In a conference call with reporters, [Energy Secretary Steven] Chu said the more-efficient bulbs required would save consumers money over the life of the product, even if the up-front price is higher.
“We are taking away a choice that continues to let people waste their own money,” he said.
The concept of freedom is lost on Mr. Chu, apparently. So is the concept of morality.
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An unemployed and under-employed America is now faced with the prospect of $20 light bulbs, gasoline that the media claims is "cheap" because it has dipped below $4/gallon, and astronomically inflated grocery prices due to Chu's policy of burning our food to create more expensive - but ideological correct - fuel.
We are reaching the point where Americans will soon have to choose between sitting in the dark, or feeding their family, for their will no longer be enough money for both.
This is where our intellectual elite has led us. To third-world status in barely three years.
Ayn Rand would not be surprised:
Socialism is not a movement of the people. It is a movement of the intellectuals, originated, led and controlled by the intellectuals, carried by them out of their stuffy ivory towers into those bloody fields of practice where they unite with their allies and executors: the thugs.
Chu fits Rand's analysis. He's willing to let American families starve and huddle in darkness rather than let them make choices he deems as "incorrect", or that dare defy his radical ideology.
And yet the Left reveres Steven Chu as a hero. They also are pretty defensive of the fellow below - another insane autocrat who forces darkness and starvation on his people based on ideology and a conviction that he is all-knowing.
Come to think of it, Chu has a lot in common with this guy:
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Even from Nobel Prize winning physicists. Or should I say, especially from Nobel Prize winning physicists. Obama's beloved Secretary of Energy, Steven Chu, sneers at us commoners and puts forwards a diktat:
In a conference call with reporters, [Energy Secretary Steven] Chu said the more-efficient bulbs required would save consumers money over the life of the product, even if the up-front price is higher.
“We are taking away a choice that continues to let people waste their own money,” he said.
The concept of freedom is lost on Mr. Chu, apparently. So is the concept of morality.
An unemployed and under-employed America is now faced with the prospect of $20 light bulbs, gasoline that the media claims is "cheap" because it has dipped below $4/gallon, and astronomically inflated grocery prices due to Chu's policy of burning our food to create more expensive - but ideological correct - fuel.
We are reaching the point where Americans will soon have to choose between sitting in the dark, or feeding their family, for their will no longer be enough money for both.
This is where our intellectual elite has led us. To third-world status in barely three years.
Ayn Rand would not be surprised:
Socialism is not a movement of the people. It is a movement of the intellectuals, originated, led and controlled by the intellectuals, carried by them out of their stuffy ivory towers into those bloody fields of practice where they unite with their allies and executors: the thugs.
Chu fits Rand's analysis. He's willing to let American families starve and huddle in darkness rather than let them make choices he deems as "incorrect", or that dare defy his radical ideology.
And yet the Left reveres Steven Chu as a hero. They also are pretty defensive of the fellow below - another insane autocrat who forces darkness and starvation on his people based on ideology and a conviction that he is all-knowing.
Come to think of it, Chu has a lot in common with this guy:
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