When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Friday, February 3, 2012

The "Obama Fudge Jobs Report"

As a follow-up to my "Washington Fudge" post on the "January Jobs Report" (they're "fudging" the numbers):

Santelli on the "shrinkage"

Record 1.2 Million People Fall Out Of Labor Force In One Month, Labor Force Participation Rate Tumbles To Fresh 30 Year Low | ZeroHedge: "Submitted by Tyler Durden on 02/03/2012 08:51 -0500: A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million."

If you want the truth about the "Obama Fudge Jobs Report," look at the charts posted at Zero Hedge or here or read this.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects