When it comes to the unemployment rate, it’s nice to be president.
Sure, it wasn’t so nice for President Obama in October 2009, when the federal Bureau of Labor Statistics declared the rate was 10 percent. But exactly a year from Election Day 2012, the rate began a precipitous plunge, first to 8.9 percent, then the next month, to 8.7, then to 8.5. And just last week, the BLS said the rate had fallen all the way down to 8.3 percent.
If the spectacular “recovery” keeps up at the same pace, the rate will be 6.3 percent by Nov. 6. It hasn’t been that low since — well, all but four of the 96 months George W. Bush was in office. But you get the point. America is back!! Woo-hoooo!!
So, spectacular news for the president, yes? And fantastic news for America, right? Uh, yes. And absolutely no.
See, the BLS boys, no doubt at the president’s direction, are busy rewriting the rules, and they’re in uncharted, and unchecked, territory. The federal government Friday declared that the U.S. had created — not “saved,” mind you, “created” — 243,000 jobs. Amazing, right?
Link:CURL: Obama's made-up jobless numbers - Washington Times
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