The multitude of Obama Administration promoters and mouthpieces have received their updated listing of approved speaking points and are now hinting that the recession may have bottomed out. The newspaper articles and TV news bites supporting this Washington mandated announcement emphasize that the week ending June 6th saw 148,000 fewer American citizens receiving unemployment aid than the week before. On that date there were now only 6,690,000 of our fellow citizens on that dole. This represents the "largest" drop in 7 years and broke a string of 21 straight weekly increases. Great news, but absolutely meaningless and misleading.
These facts were ignored or marginalized: 1) the May unemployment rate in Kentucky is at 10.6%; 2) the weekly reporting period ending June 13 saw new unemployment claims for the nation at 608,000, up from the prior week by 3,000; and 3) on the week ending June 6th there were in Kentucky 10,683 new unemployment claims filed, up 31% from the week before. So where is the good news? There isn't any.
The Obama minions use mirrors and quirks to try and paint a picture of what a great job their leader is doing on the economy. Looking carefully at the Washington reports, the self admitted tricks are: 1) employment statistics are "based on estimates" and are complied to "measure trends" rather than an actual count of people working. In other words Washington does not want Americans to openly get the facts but rather get what "trends" Obama people think the "estimates" show; 2) reported figures are "four-week averages to smooth out fluctuations". In other words Washington does not want America to see the raw unemployment data but rather an altered figure that has been, so nicely put, "smoothed out"; 3) superlatives are not defined as in "the largest drop in more than seven years". In other words Washington would be embarrassed by a report that this said "largest drop" was barely a 2% downward move in the total of 6,690,000 unemployed but the number 148,000 sure looks impressive; 4) everything is "seasonally adjusted". In other words Washington ignores that being unemployed is being unemployed no matter what season it is and adjusts every piece of raw data to best suit its goals; and 5) continuing claims "lag behind" initial claims by a week. In other words Washington is unwilling to promptly show the overall picture in hopes that the newer data will be positive.
It is an error for any American to ever believe automatically what comes out of Washington and particularly what comes out of Obama's Washington. What we are being given are not the facts but adjusted, smoothed out, estimated, averaged trends.
There is an urgency to terminate the propaganda that Washington emits on the economy as well as every subject. Making Obama a one term President is an obvious huge step in the right direction.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment