- Posted October 5, 2012 by
This iReport is part of an assignment:
Election 2012: Your stories
- Poll of 5 new Polls: Romney leads Obama in national and swing states polls
- CIA had developed a new very successful program ground to plane rescue in minutes
- Polls: Paul Ryan won the debate against Joe Biden
- Polls in Florida show Romney widen his lead against Obama
- Polls show President Obama is the most polarizing president in US history
Romney said the real unemployment rate would be closer to 11%
After his stunning defeat by Romney, Obama is trying to deceive us all with his "cooked" unemployment figures. Given a $6 trillion spending sprees with which to purchase some kind of economic activity, there is essentially no new infrastructure worth mentioning, the lowest rate of adult employment in 30 years. This news is Obama's "economics on steroids" A deficit of $1.2 trillion a year could be used to pay 24 million people for a salary of $50,000 per year.
I could not be happier for the 114,000 that found jobs. However, what is being done about the 23,000,000 Americans still looking for work. It will take a lifetime for Americans to find a job at this 114,000 jobs rate.
Keeping pace with population growth required 12 million jobs over four years. The U.S. payrolls, obtained in a separate survey of employers, increased by a seasonally adjusted 114,000 jobs last month, the Labor Department said Friday.
Only 114,000 jobs gain and the rate went down? The President Obama keeps saying that things are getting better but if you live in the real world you know that they are not.
If the U.S. economy had gained 500,000 jobs, I would not find as much skepticism. It is widely accepted that the economy must add 300,000 jobs just to break even and keeping pace with population growth . So when you have only 114, 000 jobs added, and a .3% drop in unemployed . Those two numbers do not add up.
That .3% drop should have translated into roughly 500k jobs created. So the difference between 500k and 114k is mostly likely people dropping out of the workforce. Not a good thing.
Labor participation rate continues its slide and many of the jobs added last month were part time. The number of people with part-time jobs who wanted full-time work rose 7.5 percent to 8.6 million.
Continued anemic job growth is the bottom line. In order for unemployment to fall by 0.3% when only 114,000 jobs are added has to mean more people are dropping out of the workforce than expected.
The broader measure they point to of 14.7% understates the magnitude of the unemployment/underemployment because it omits drop outs from the labor pool. We need to add 500,000 jobs a month to pull out of this stall. How about a consistent presentation of data that reflects total workforce, total participation rate, drop outs, underemployed and the employed? (Is it that hard to do?)
How many of those no longer unemployed went to state welfare rolls, Social Security disability, or only have a twice-a-week part time jobs? Will the Obama-friendly media look into that? not quite.
How many of those "new" jobs were jobs were the original employee retired, died, or left the job under legitimate circumstance (woman leaving to raise families, for instance) , and where a "new" employee was hired? That's not a "new job," but just someone taking someone else place.
The U.S economy is poised on the edge of a fiscal cliff leading from unsustainable debt accumulation. The 2012 election will be determined by the economy, US economic conditions are getting worse. President Obama's actions have let down a country. The greatest country in the world. He has failed to lead, to unite and to take this economy back to greatness. He says one thing and has done another constantly. He is a divisive figure who has done absolutely nothing to bring the country together as he promised.
Obama's desire by actions and words is to punish those who either are trying to achieve or have achieved this. The people of this great country deserve better.
Mitt Romney and Paul Ryan vision represents concepts of liberty, freedom, self-reliance, and responsibility. Clear choice for Americans in 2012 election.
Liberty vs dependence, opportunity vs entitlement. Mitt Romney's strength derives from his solid experience in understanding economy, free enterprise and having the vision to help businesses succeed and create jobs.
Mitt Romney will rebuild the foundations of the American economy on the principles of free enterprise, hard work, and innovation
Mitt Romney's plan:
1. Energy independence
2. Improve education/School choice
3. Make trade work for America
4. Cut the deficit / Balance the budget
5. Champion small businesses and reduce regulations.
President Obama vision for the last four years has basically been to spend more, lots more, and kick the tax bill down the road or claim that the rich people will be forced to pay for it later. This isn't working and the problem is getting worse.
President Obama has a record high poverty rate, record high food-stamp recipients, record high accumulation of National debt, record high foreclosures and record high loss of median family income. Food prices are up 15% . The gas prices has doubled under Obama.
President Obama said if he was elected president, the average American family's yearly health insurance premiums would go down by $2,500. Yearly health insurance premiums have gone UP by more than $2,700 since Obama was elected.
The U.S. lost its perfect AAA credit rating and the U.S slips to number 7 in global competitiveness for business environment under Obama.The U.S Nation's National Security is facing traumatic repercussions from Obama' policies. The U.S Southern border is a sieve, open as a gateway to the most violent criminals.
The US is under siege by terrorist fanatical groups of anarchists across the globe. The attacks on U.S. embassies have escalated across the world. American's and U.S. ambassador killed in Libya
The US economic crisis is rooted in deep government debt and lavishes of government unaffordable and unsustainable basket of social programs on its citizen without regard to there economic or social consequences.