The Democrats and the media keep telling us we’re in the midst of a great economic recovery. The government tells us there is no inflation when gas and food prices are soaring. They say the unemployment rate is dropping and everything is going to be just fine, as long as Democrats retain power.
If the economy is so great, why can’t people find jobs? Heck, even the engineer who was promised help from President Obama himself is still unemployed. The answer is simple – they lie. Government bean counters are cooking the books so they can have nice little soundbites.
In March, 120,000 jobs were created, while more than 330,000 people dropped out of the workforce. For self-serving reasons, the Obama administration spins this as good news.
According to government math, March unemployment declined by .1 percent even though more Americans were out of work. This is because the Bureau of Labor Statistics (BLS) doesn’t count people as officially unemployed if they are not looking for a job. So even though the “not in labor force” figure is at a record high of nearly 88 million people, the administration can keep reporting a drop in unemployment by counting only those it wants to count.
A growing number of analysts are realizing that these subjective government figures don’t reflect reality in the workplace. An analysis from Bank of America/Merrill Lynch Global Research shows that the percentage of employed Americans has basically flatlined for the past two years while the reported unemployment rate has been dropping. This is unprecedented; these two figures have reliably tracked together for at least the past 20 years. The only reason they have decoupled recently is because the Obama administration has stopped counting millions of out-of-work Americans as part of the official workforce. This widening gap is the smoking gun behind the phony unemployment numbers. (Read More)
Obama and the Democrats’ “built to last” economy is a mirage. It’s a Potemkin village. It’s leaving millions of Americans behind and putting the economic future of our children in jeopardy.