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Friday, October 5, 2012

Why Romney Finds Today's Job Numbers Disappointing

     He claims that they aren't good enough. He even fallaciously tried to compare this month's numbers of 114,000 jobs unfavorably with last months revised up numbers of 142,000, conveniently forgetting that last month's preliminary numbers were only 96,000. He still hasn't learned that these month to month numbers have a huge amount of noise-the margin of error is 70,000 jobs.

    If he did finally grasp this he could spend less time cherry picking particular data points to make his phony claim that the middle class has been crushed under the President. Taken as a whole, we see that job creation has been a lot stronger since July. However, his focus on the individual preliminary numbers were a red herring as is now clear.

   The truth it that today's numbers are too good. They dip beneath the 8% number he's been flagging and they add breadth to Clinton's claim at the DNC that the President has laid the groundwork for a strong economy in the next 4 years. It underscores that there has been significant progress in the economy.

    What's been fascinating this morning is the reaction of Mitt and his rich, Right wing friends. They've graduated to the next level of trutherism: jobs number trutherism. The previous obsession was poll number trutherism and before that was fact checker trutherism. Romney sure did get some great licks on the fact checkers Wednesday night.

     "Call it jobs-numbers trutherism. And for the sake of historical record, its origin was a tweet from former General Electric CEO Jack Welch."

     "Unbelievable jobs numbers..these Chicago guys will do anything..can't debate so change numbers," tweeted Jack Welch, former CEO of General Electric."

      "The right-leaning Americans for Limited Government released a statement saying, "Either the Federal Reserve, which has its fingers on the pulse of every element of the economy, and the Bureau of Labor Statistics manufacturing survey report are grievously wrong or the number used to calculate the unemployment rate are wrong, or worse manipulated. Given that these numbers conveniently meet Obama's campaign promises one month before the election, the conclusions are obvious."

      "Economic journalist Stuart Varney said on Fox News, "There is widespread distrust of this report."

    http://www.huffingtonpost.com/2012/10/05/jobs-numbers-republicans_n_1942200.html

    I love that comment by Americans for Limited Government: that report can't be true because if it is it means that the President has kept his campaign promises!

    This job report was very different from what we've seen before in significant ways:

    "The numbers released just after 8:30 a.m. Friday differed from numbers released for months which offered a predictable pattern: sub-par job growth, an unchanged unemployment rate hovering above 8 percent, and more people dropping out of the labor force."

    "This report was different. There were upward revisions from July and August, more people started looking for work and the unemployment rate fell to a level matched by the period when President Barack Obama took office."

    I love the consipracy theories of the Righties:

    "Conn Carroll, of the Washington Examiner, tweeted, "I don't think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect."

    "Rick Santelli, the CNBC media personality, yelled, "I told you they'd get it under 8 percent -- they did! You can let America decide how they got there!"

     If it's so easy, why have we Democrats done this before-cooked the books or lied about getting jobs. Actually I just got a job myself-no lie, though I am of course a Dem.

    Finally, Allen West joined in on jobs report trutherism:

    "Rep. Allen West (R-Fla.) joined in on the trutherism Friday on his Facebook page. "I agree with former GE CEO Jack Welch, Chicago style politics is at work here. Somehow by manipulation of data we are all of a sudden below 8 percent unemployment, a month from the Presidential election. This is Orwellian to say the least and representative of Saul Alinsky tactics from the book "Rules for Radicals"- a must read for all who want to know how the left strategize."

   So the job numbers can't be right because if they are then the President has kept his campaign promises. These Right wing truthers are writing our campaign ads for us.
    

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