Greenspan Confirms: Team Obama Cooking the Books on Unemployment
Posted by Jim Hoft on Sunday, February 7, 2010, 1:14 PM
The US Lost Another 20,000 Jobs in January But the Unemployment Rate Dropped to 9.7%.
BB sent the latest unemployment graph this week.
It’s an Obama world. Up is down. Square is round. Trucks are jokes. And, losing 20,000 jobs actually brings down the unemployment rate. The US lost another 20,000 jobs in January but the unemployment rate dropped to 9.7%. The new counting methods saved or created 541,000 jobs. Today Alan Greenspan confirmed that Team Obama has been cooking the books.
Judith Apter Klinghoffer at History News Network reported:
We all blinked furiously when we read the government’s claim that the number of unemployed rose in January by 20,000 but the unemployment rate fell from 10% to 9.7%. Somebody has obviously been cooking the numbers in a most ingenious manner. On Meet the press, Alan Greenspan explains the absurdity thus:
MR. GREGORY: Dr. Greenspan, one more question about jobs. So you think that unemployment rate goes up again before it comes down?
MR. GREENSPAN: I’m not sure. One of the reasons is the official data on unemployment is a sample and it fluctuates, and–as we observed in, in the January report. If you literally took it seriously as to the exact numbers, there were 784,000 job increase in January. Now, that didn’t happen. And so that what we can expect is a backing and filling. I think we’re going to stay at approximately the 9 to 10 percent level here for a goodly part of the rest of this year with the sole exception of that period when they start to hire a very large number of census workers. Remember, this is the decennial census.
MR. GREGORY: Right.
MR. GREENSPAN: And that’s going to have some positive effect. But it’s very difficult to make the case that unemployment is coming down anytime soon.
ADVERTISEMENT
-
Featured Story:
SANTORUM HAS HUGE NIGHT – Cleans Up In Missouri, Minnesota and Big Win in Colorado, Too
Published February 7, 2012 at 8:46 pm - 119 Comments
bg commented:
++
no no no.. they’re just trying make
Obama’s transparency very clear!!
==
mike191 commented:
President44 and his cabal lie every waking minute.This is one more example of the liars that inhabit our Executive Branch.
ADVERTISEMENT
squeaky commented:
cooking the books – well, i’ll be. food stamp use has climbed and i thought nancy told us
food stamps would turn the economy around
better than tax cuts……..
http://www.youtube.com/watch?v=J6_1Pw1xm9U
bill-tb commented:
Most economist are now putting the real number at about 10.6 %. I saw them talking about it around noon on CNBC … If you can do math, you realize they reduced the number of ‘workers available’ by 1.36 million. No reason given.
They count on most people not reading the BLS reports, but listening to what the now obviously lying media is telling them.
Face it, all Obama wanted was the media headline of 9.7% so his stooges would think he is actually do something useful.
Militant Conservative commented:
Hey TOM, you out there buddy.
Just another shimning example of how democrat policies work. LOL
Dell commented:
And you thought Enron was a disaster???
How these folks can report the loss of 20,000 additional jobs and – almost in the very same breath – claim the Unemployment rate not only dropped, but dropped significantly raises every eyebrow in the room.
Add to this anomaly the wording of the Obama Budget, which ASSUMES passage of Health Care legislation, among other assumptions, and you get a much better sense of the “Obama Math” being utilized for all things Socialist in DC.
And one of these days they’ll let us actually SEE this legislation before they vote on it!
Valerie commented:
??We are going to hire enough census workers to affect the national unemployment rate?
Major Kong commented:
Like I said a couple of days ago, figures lie and liars figure.
OR
As my old statistics prof was fond of saying:
“There are lies, damn lies, and statistics”.
Art Deco commented:
The unemployment rate is a ‘rate’, which is to say derived from the ratio of those employed to the total workforce. The ratio will be influenced by the numerator and the denominator, and the denominator is subject to seasonal flux and the vagaries of sampling. Dr. Greenspan no where in that quotation makes an accusation that the numbers are being falsified.
jim commented:
Obama and company are corrupt to the core.
But, Greenspastics comment is like the pot calling the kettle. The crooks in power have been lying about the data for years.
Lee commented:
Greenspan, Mitchell, Summers, Geitner, and the rest of the thugs have been manipulating the numbers for the past 10 years…but at least “W” didn’t put this country in the sewer like Obummer has in just 1 short year…something that took 234 years to get to…we need tax cuts across the board for businesses so they can hire workers and get this economy back on track…VOTE ‘EM ALL OUT BY 2012…Amen. NO MORE OBAMA>>>
Aussie commented:
@Lee,
Alan Greenspan has nothing to do with this particular administration.
The real problem is Summers and Geithner. Those two have worked together in the past… and Geithner is hopeless.