Aug 05 2011
The nation has learned a brutal lesson these last 3 years, ever since we naively elected a man of no great accomplishment to the most important and demanding job on the planet. We have a ‘community organizer’ who ruthlessly worked his way up through the political strata – not once accomplishing more than his own election – to become a President so unprepared he will go down in history as the poster child for why real leaders have to have done some real leading at some point in their life.
President Obama thinks in the vague, finger-paint-focus of someone who only has a cursory grasp of the wide spectrum of specialties that go to make up human culture and society. Outside of reading well from a telempropter, the man is nothing but a spectator on the rest of humankind. And because of this it makes sense he is the news media’s darling – for they too do little more than watch others and attempt to report on what they are seeing. It is why they fail so impressively when the story requires a grasp of details and nuance that only those who invest serious study or experience can skillfully manage and control, let alone understand.
Consider the difference between the person who can change the oil in the car, and the engineering team it takes to design it and make it strong and safe. The oil-changer has a cursory understanding, while the experts in the field know more than anyone outside their field could hope to grasp in a life time.
Another example: how the news media and pols attempt to weigh in on the scientific screw-up that is the theory of anthropogenic (human caused) global warming. These same people who struggled through public school math, and later ran from the hard science math of BS level classes to the sanctity of BA level credits, pretend they can grasp, weigh, mediate and determine the stronger argument in a sea of theories, statistical analyses and (sadly for AGW alarmists) shoddy work by niche scientists. They are so in under their heads they don’t even understand not all PhDs are equal in strength, integrity, skill and wisdom. They cannot distinguish the ‘impressive’ from the ‘mediocre’.
And so we have now as President the penultimate example of shallow expertise pretending to grasp what is happening around him. And his fellow shallow travelers in the news media run alongside him, just as ignorant and dumbfounded.
Take the jobs report this last month. Unemployment is supposedly down – except when you READ the data you learn unemployment is actually up. Ed Morrissey gathered the data this morning which proves the number of unemployed did not go down as reported:
Update II: More from Bloomberg:
The jobless rate declined as 193,000 people left the labor force and the number of unemployed dropped by 156,000. The share of the eligible population holding a job declined to 58.1 percent, the lowest since July 1983.
So we supposedly added 117,000 jobs, but at the same time 193,000 unemployed, out-of-work Americans stopped being counted as unemployed. Clearly, if they were still being counted as unemployed (since they ARE unemployed), one can perform the necessary 3rd grade math to realize the net effect is a net loss of 76,000 jobs in July. That is not progress.
And still Obama’s math-challenged, media groupies demonstrate once again why there is a floor to ignorance we must never fall below:
U.S. stocks waver after strong jobs report
The government reported that 117,000 jobs were created in the U.S. in July, and unemployment slid down to 9.1%.
AP really pegged the BS meter on that one!
Why the government can’t do the math right is an age old and ubiquitous question. But they don’t. And this erosion of the work force into uncounted limbo has been at work the entire time President Obama has been in office. I have shown every for the last few months that if we used the projected work force size as a normal percentage of our population size (a number easily derived from the workforce history going back to 2000) we find ourselves at a staggering 10.7% unemployment rate, and a 17.1% U6 unemployment rate (which includes partially employed, but still being counted by the government).
Click to enlarge.
This data is straight from the US Government. It shows how the work force was growing with our population up until 2008, when the results of reckless liberal schemes with home mortgage lending requirements finally came crashing down on us. In 2009 the work force stayed flat, but that was the window for real economic stimulus – in the form of tax cuts which hits everyone and every niche of the economy. Instead we got government-trickle down crap from the Democrats which only hit government workers and select government contractors. Even worse, the stimulus came in a painfully slow dribble which today – over two years later – still has not fully flushed out all the stimulus money from the bowels of the bloated federal bureaucracy.
The red line indicates a nominal growth path for the work force, the blue curve shows the harsh reality. Ever since President Obama took control, the work force shrunk as unemployed people stopped being counted by the government as unemployed. This is the false hope those 3rd grade math whizzes cling to – uncounted unemployed hiding the true depth of the problem.
If we were to add 117,000 jobs a month for the next 2 years we could bring all those unemployed back to productive lives. But that would only bring us down to a real 9.1% unemployment, not the error-ridden calculation we see blasted across the news media today. Our economy is not growing, we are not creating jobs and millions of Americans who want to work can’t. And they are losing precious years in their lives.
The failure of our inexperienced commander-in-chief is on full display, as reality begins to bite. Our debt is now equal to our total annual GDP thanks to reckless liberal spending. Our economy is slowly backsliding thanks to incompetent liberal economic policies. There is no escaping these chickens coming home to roost. There is no media-slathered lipstick thick enough to cover this debacle up. And there will be no amount of excuse making or spin that will stop the backlash come November 2012.
Everyone knows it is happening. The economic growth is flat, revenues are down, anger is growing. Yet the fools in DC look at another set of dodgy numbers and declare all is good. Some days it really sucks living through history making times.