As soon as ex-General Electric CEO Jack Welch fired offa tweet questioning today’s just released “unbelievable jobs numbers,” the media went into a frenzy talking about how “conservatives” were launching conspiracy theories. Well, that’s handy for the media and the Obama campaign, but it’s not just “conservatives” who are confused by a full 0.3% drop in unemployment when only 114k jobs were created.
CNBC is as confused as the rest of us:
Job growth remained tame in September, with the economy creating just 114,000 net new positions though the unemployment rate fell to 7.8 percent, the first time it has been below 8 percent in 43 months.
The report presented a slew of contradictory data points, with the total employment level soaring despite the low net number.
The falling jobless rate had been a function as much of the continued shrinking in the labor force as it was an increase in new positions.
On the air, CNBC seemed equally perplexed by the biggest one-time drop in the unemployment rate in 29 years!
ABC News’ Chris Cuomo is also skeptical of the numbers:
That “not fixed” tag smells a little like sarcasm to me.
Adding to the mystery is the fact that the U-6, the longtime underemployment and unemployment number, remained fixed at a dismal 14.7%.
What this .03% drop means (per Ed Morrissey) is that the number of unemployed people dropped by 456,000 when only 114k jobs were created–well below the monthly average, and below population growth. Where did 342k people go to lower the number so dramatically just 31 days before a presidential election? Did they retire, leave the planet, die of old age in the unemployment office?
Moreover, just 30 days before the election, 342K people dropped off the unemployment rolls and lowered the unemployment rate to below 8%–a benchmark number vitally important to President Obama who promised his stimulus would ensure we wouldn’t hit 8%.
Finally, this is the second hinky looking report/revision from the Bureau of Labor Statistics in as many months. Just days ago, 400,000 jobs were “discovered“–almost the exact number Obama needed to have a record of creating more jobs on his watch than were lost.
The Obama-friendly media is rolling out some very convenient talking points, with NPR crowing in its half-hourly news bulletin: “The unemlpoyment rate is now back where it was in when President Barack Obama took office in January 2009.” Except it isn’t, exactly.
No one’s crying “conspiracy” here, but any journalist worth a damn always remains skeptical and looks to connect the dots of counter-intuitive good news released just weeks away from a major election
Millions of unemployed and trillions more in debt. I pray you are saying “no” to Obama this November!October 3, 2012
A crucially important book on Obamacare has just been published, and author Nick Tate tells Newsmax how the new law will fundamentally change the way healthcare is delivered.
The book is the “ObamaCare Survival Guide: The Affordable Care Act and What It Means for You and Your Healthcare” — the first comprehensive but easy-to-understand road map of the 2,700-page law, officially called the The Patient Protection and Affordable Care Act.
In an exclusive interview with Newsmax, Tate explains what prompted him to write this book.
“Since the Supreme Court has ruled that Obamacare is the law of the land, I felt it was important to let people know what’s in this law,” he says.
“Many provisions have already rolled out and there are many more to come so it’s not an overstatement to say that this law will affect everyone in this country.”
He added that the implications of Obamacare are massive and the law “fundamentally restructures the way healthcare is delivered.
“The way you will interact with your doctor, your insurer or your hospital will fundamentally change. This book attempts to give you the roadmap to get the best bang for your healthcare dollar.”
Presidential candidate Mitt Romney and Republican congressional leaders have vowed to repeal Obamacare if they win the White House and retake the Senate.
Tate explains who will be the big winners and big losers if and when this healthcare reform is implemented.
“Clearly, the big winners are people who now don’t have insurance. That’s 37 million Americans.
“A series of programs will push people into Medicaid, and new healthcare exchanges will allow individuals who are not employed or who are self-employed, or independent contractors who don’t qualify for Medicare or Medicaid, to pick low-cost, high-quality affordable care programs through these exchanges.
“If you don’t have insurance now, you’re going to be a winner. If you’re self-employed and you don’t have an employer who’s paying your insurance, you’re going to benefit from this program as well.”
But the costs of the new coverage will be enormous.
The Congressional Budget Office estimates there will be close to a trillion dollars in new federal spending to sustain the massive health coverage.
In addition to this, insurance companies are also free to pass on their new costs of covering claimants with pre-existing conditions and family members covered by their parents’ policies until age 26.
Premiums for those insured have already begun to spike, and the law has yet to be fully implemented.
“I will also point out that for individual households, last year, health insurance premiums rose by 9 percent, which is the greatest jump since 2004, according to the nonpartisan Kaiser Family Foundation. That was the year after this legislation was passed,” Tate says.
“So the hopes that Obamacare would somehow address the cost issue have not yet proven to be true.”
The law does provide new demands on businesses. Some small businesses will get tax benefits that could be seen as a winning arrangement, but there are significant qualifications for such credits, the “ObamaCare Survival Guide” reveals.
“As for people on the other side who are going to be hit a little harder, big businesses are going to take a hit. They’re going to pay a penalty, if they don’t [provide] health insurance for people, of about $2,000 per person,” Tate said.
Some companies may opt to pay the fine rather than give full coverage, the book notes.
According to the “ObamaCare Survival Guide,” seniors on Medicare may suffer the most.
To pay for the newly covered, the Obama law envisions cuts of between $500 billion to $700 billion to the Medicare program.
Additionally, the law requires that doctors and medical practitioners offering Medicaid services be paid the same amount as practitioners being paid by Medicare.
Experts believe this will mean a reduction in care for the elderly to cover the millions of Medicaid users added to the system.
Some critics have argued that Obamacare’s creation of an Independent Advisory Board — dubbed by critics as a “death panel” — will control Medicare costs by cutting services and rationing care.
Obamacare will affect single American, and the “ObamaCare Survival Guide” is of vital interest to them all, in particular to the insured, the employed, the uninsured, seniors and Medicare users, young adults, business owners, prescription drug users, medical professionals, Medicaid recipients, doctors, and union members.
The book details how taxpayers will foot the bill for nearly half of Obamacare’s funding in the form of new taxes and fees, and individual and employer penalties.
It also reveals:
- How currently insured Americans will be affected by rising premium costs and other factors.
- New rules and funding cuts for Medicare
- New protections for the uninsured
- Hidden fees and levies
- New taxes for the affluent
- New requirements and tax credits for small businesses
- New fees for prescription drug users
- Essential benefits insurance companies must provide
- Individuals’ responsibilities and penalties under the new laws
- How to maximize your healthcare dollar on the new plan
- The costs to consumers
The Guide features chapters on a range of issues related to Obamacare, including the timetable for implementation of its provisions, the individual mandate, the expansion of Medicaid, health insurance exchanges, long-term care, and the price tag for Obamacare, and answers this key question: Why did insurance companies support Obamacare?
The book also explores five ways Obamacare intentionally harms you — and most importantly, how to protect yourself against Obamacare.
Newsmax says: “The ‘ObamaCare Survival Guide’ is the first and best road map for you to understand the new law. Every American is affected by Obamacare — making this book essential to you and your family.”
Nick Tate is an award-winning journalist and editor who has written extensively about health and consumer affairs issues. After a fellowship at the Harvard School of Public Health, he authored “The Sick Building Syndrome.” His work has also appeared in the Miami Herald, Atlanta Journal-Constitution, Boston Herald, and other publications
Read more on Newsmax.com: Obamacare Survival Guide Reveals Dangers of New Law
Important: Do You Support Pres. Obama’s Re-Election? Vote Here Now!
Tonight, millions of Americans will tune in as Mitt Romney and Barack Obama go head to head in their first presidential debate.
In typical political fashion, each has heaped praise on the other’s debating skills, in an effort to lower the public’s expectations for his own performance.
That strategy may work for a debate, but a voter’s expectations can’t be lowered when it comes to leadership.
Now, a best-selling book is casting serious doubts on President Obama’s leadership abilities. (or lack there of)
The Amateur: Barack Obama in the White House, is written by Edward Klein, a liberal former New York Times editor who turned on his media colleagues to produce this scathing exposé of Obama’s administration.
The Times desperately tried to discredit Klein and his book, calling it baseless, but it did not work.
The Amateur shot to No. 1 on the New York Times best-seller list and has remained on the list 19 weeks and counting.
Clearly, the book hit a nerve with the American people.
Never before has one book had such an impact on an upcoming presidential election.
Several major power players have lined up to applaud The Amateur.
Dick Cheney, Donald Trump, Mike Huckabee, and Rupert Murdoch called it the most important political book of the year — and a “must-read” for EVERY American.
This sensational best-seller is not to be missed! Once you start reading The Amateur, you won’t stop shaking your head in disbelief.
We are starting this blog because we are scared to death of what the current administration is doing to our great country. We arent claiming expertise, but we are bright enough to draw some rational conclusions. We would like input on different perspective. NO FIGHTS or name calling on the page, but simple information that can help us understand. Please tell us what you think and why.