One of the strongest economic recoveries since the reign of Pharaoh Ramses II continues its unstoppable path. The glorious policies of the great divine Pharaoh Obama led to the miraculously creation of 115,000 jobs for the month of April. The unemployment rate declined to 8.1% because the economy is so great that people have stopped looking for work! In all seriousness, these are terrible numbers that don’t meet population growth. The unemployment rate dropped due to a extended unemployment insurance program expiring and discouraged workers. Despite these facts the media was trumpeting the jobs report and hailing the Pharaoh as an economic miracle worker.
April’s job report lived up to muted expectations, with the economy creating a meager 115,000 jobs during the month as the unemployment rate fell to 8.1 percent.
[...]
The service sector again accounted for most of the job creation, growing 101,000 while manufacturing added just 16,000, according to the Bureau of Labor Statistics. Governments cut a net 15,000 jobs for the month. The average work week was unchanged at 34.5 hours.
Though the headline number indicated job creation, the total employment level for the month actually fell 169,000. The disparity likely emanates from a drop in the labor force participation rate — or the level of Americans actively looking for jobs or otherwise employed — from 63.8 percent to 63.6 percent, its lowest level since December 1981.
The amount of discouraged workers swelled from 865,000 to 968,000, an increase of 12 percent. Those working part-time for economic reasons surged 181,000 to more than 7.8 million.
“In the weakest recovery since the Great Depression, more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate — essentially persuading adults they don’t need a job, or the job they could find is not worth having,” said University of Maryland economist Peter Morici.
Numbers like these would be disastrous for any incumbent President. But Obama is not a normal politician. He is a political messiah like figure for too many Americans. To illustrate how bad the job market is this graph about the labor participation rate and people not in the work force is chilling.
The American economy is at depression levels. The sad part is that none of this seems to matter to the American public. Obama’s approval from an average of polls is at 48%. When you factor in our terrible economic conditions and decreasing standard of living, Obama is running ahead in the polls of where his standing should be.
The question we can then ask is this: Based on the historical relationship between presidential approval and the economy as well as these other factors, is Mr. Obama more or less popular than the model would predict, given the economy and other circumstances during his first three years in office? Here is a graph depicting Mr. Obama’s actual approval and expected approval:
So why would Mr. Obama be more popular than the economy and other factors might predict? One possibility is his personal likeability. Despite the armchair diagnoses of some pundits, large majorities of Americans perceive him as warm, empathetic and a good communicator. Although many fewer Americans approve of his performance in office, perhaps his personal appeal has boosted his job approval among some Americans.
This is something Conservative/Libertarians need to understand. Too many think this is 1980. Sorry, Obama is not Carter and Romney is definitely no Reagan. Ronald Reagan had a Conservative core, Mitt Romney is the most Leftist Republican since Teddy Roosevelt. Jimmy Carter did not have the adulation from the press and the popular culture that Obama has. We are dealing with a cult of personality that rivals North Korea’s Juche! Obama is viewed as a semi divine figure who is here to redeem America’s sins. This is what people on the Right must grasp.
As someone who lives in a swing state, I am exposed to the other side and totally understand my enemy. Too many Conservatives live in areas where people think like them and are not exposed to the other views. Hence they think Obama will lose. I wish I shared that view, but if I was betting man I would bet on a narrow Obama win. There is a way to defeat him.
As much as I hate Mitt Romney, I give him some credit. Unlike McCain he’s actually trying to win. He’s the first Republican since Reagan to run on the economy and not cultural issues. The economic circumstances are perfect for this type of campaign. The problem is Obama is not an ordinary politician. The way for Romney to defeat the American Pharaoh is to use Alinsky tactics. Obama must be turned into a figure of ridicule, which will strip him of his godhood. People must hate Obama the person in order to defeat Obama the politician. The politics of personal destruction is the way to beat Obama. Once he is hated and viewed as joke, his failed policies will be the issue and he will lose. The Romney campaign must destroy Obama the symbol in order to defeat Obama the politician.
The Pharaonic Regime is a failure and this jobs report is just another example.
Update: Another factor in the drop in workforce participation rate. More people are collecting disability.
The civilian labor force shrank in April by 342,000 workers, and remains below where it stood when the economic recovery started 34 months ago, according to data released Friday by the Bureau of Labor Statistics. Had the labor force not declined, unemployment would have been 8.3% in April, instead of the 8.1% reported.
That same month, more than 225,000 workers applied for Social Security disability benefits, and nearly 90,000 were enrolled, according to new data from the Social Security Administration.
Compared with June 2009, the month the economic recovery officially started, the labor force has shrunk by 365,000, a trend that has never occurred in any post World War 11 recovery. Those saw the labor force climb by the millions by this point in their recoveries, even as unemployment rates were driven down.
The decline in the workforce combined with the growing population has pushed the labor force participation rate — which compares those working or looking for a job the working age population — fell again in April to 63.6%. That’s down from 65.7% in mid-2009, and is the lowest it’s been since 1981.
Pharaonic America, don’t you love it!
Tags: American Pharaoh, April Jobs Numbers, Jobs Report, The Obama Boom
8.1%. FUCKING LIARS!
@ Macker:
They get that number becasue people are not counted if they don’t collect unemployment. This is a bogus report.
@ Rodan:
Hence why I called them what I did. 8)
@ Macker:
They really have turned him into some divine unquestionable Pharaoh.
Size of labor force drops by half million in April
Here is the BLS site.
You can read the actual reports. Depressing
@ m:
@ eaglesoars:
Rick Santelli ripped apart the CNBC panel today. It was like his rant that started the Tea Party.
@ eaglesoars:
We are in a depression no matter how the media spins it.
@ Rodan:
I sooo want to see that clip.
@ m:
His face was red and he told the truth. He made a great point. Less workers mean less tax revenues.
Republicans Use Crowdsourcing to Attack Obama Campaign
Quick response team on high alert! lol
Muslim Brotherhood invades Tampa to re-elect President Obama!
via Ali Sina
@ m:
Hell they win no matter if Obama or Romney wins. They both support their agenda.
///Spit
Safe at last!
@ m:
You have to respond fast. Now they need to go aftre Obama the man and destroy him.
@ waldensianspirit:
[Deleted]
@ m:
Found it.
@ m:
Good going. These are bad numbers. But the 6 o’clock News will say things are awesome.
Good read.
Why Obama can’t match the Reagan recovery
Video of the week. Mugshots of the ‘sons’ of Obama, Pelosi and Bill Ayers.
Win Dinner with Obama. LOL
@ Urban Infidel:
If your a dog, that is something you will want to avoid!
@ Rodan:
Omg. I hadn’t thought of that. Or, dog might be one of the appetizers!
Obaaama abolishes the Presidential conferences.
@ Urban Infidel:
No one must question the god-king.
It is important to understand that number of people leaving the workforce is entirely artificial. The only measurable component is the number of unemployment benefits terminated plus the number of workers reaching the age of 66. Verification is provided by a sampling of 60,000 households. Here is the current situation;
http://www.bls.gov/news.release/empsit.a.htm
Note that 522,000 people have been dropped from the workforce. Also note the steep decline in the number of Americans of working age (under 66) that are in the workforce. the DOL is manipulating the unemployment rate.
Rodan wrote:
He’s inept and he hates America. What could go wrong??
@ pat:
Yes they are. They want to get the number under 8% so Obama can claim we are booming.
@ Urban Infidel:
The American version of Juche. That is the end result of the Obama cult.
@ Urban Infidel:
If he were merely inept, he’d occasionally do something right. The only thing he has done right so far was killing bin Laden, but that was one where he was really in a box. He’d have never survived it getting out that he didn’t take the shot. No excuse would have been good enough for a super-majority of the population. So while he made the “gutsy” call, he really had no choice if he wanted to be re-elected. Other than that, he has been an unmitigated disaster, as the real unemployment statistics show.
@ Iron Fist:
He wants a bad economy. That way people become dependent on the government. The Julia video clip was very revealing.
@ Iron Fist:
Here’s Peggy Noonan defending Dick Lugar.
No shock for me.
Rodan, terrific job in digging beyond that first number. 525,000 people dropped from the labor force in the last month, this is a simply stunning number. The drop in the unemployment number, will not serve to bolster Obama’s polling numbers. This obvious attempt to creatively spin a dismal and extremely dishonest this news into a positive light will only serve to piss people off, further place trust in our officials as an issue, and ultimately yearn for someone who has a track record of success to be handed the reigns of Administration of our national business.
@ Flyovercountry:
They are lying. The real figure should be above 11%. The fact so many people are getting disability means less taxpayers and more tax users. Rick Santelli ripped the CNBC panel this morning.
These numbers are garbage. 8.1% is BS.
@ Rodan:
8.1% is BS, and 8.1% is still higher than the 8% Obama assured us would be the maximum unemployment rate if he got his trillion dollar stimulus (rip off) through. We’re a trillion dollars in the hole, and all Obama can say is that it would have been worse without it. After all, we had to pay $2.6 million to teach Chinese hookers how to drink, because they aren’t capable of figuring that out on their own…
@ Iron Fist:
Think of this, Obaama has spent 5 Trillion the last 3 1/2 years. The most he can get is an average of 100,000 jobs a month and 2% GDP growth? This is pathetic and this needs to be hung around his neck. We didn’t get a bang for the buck.
The waters haven’t receded either nor has the Earth heal. He’s fraud and false messiah.
H/T Righymouse……..
@ Iron Fist:
Obaama was vigorously opposed to all of the thing that brought us to bin Laden: rendition, Gitmo, and waterboarding. So for him to take any credit for this is a total lie and a sham. Because if it were totally up to him, bin Laden would still be watching re-runs of Olby’s old Current TV shows on youtube right now.
@ Urban Infidel:
Obama has helped AL-Qqaeda in Libya and wants to help them in Syria.
http://cdn.9laughs.com/files/2012/01/3674369664_7b30971e30.jpeg
http://cdn.9laughs.com/files/2012/01/obama-hood-car.jpg
http://cdn.9laughs.com/files/2012/01/194794xcitefun-the-worst-paint-jobs-5.jpg
Cult is not an exaggeration.
Urban Infidel wrote:
To make matters even worse, O’Pickle-puffer just signed an agreement with Hamid Karzai that outlaws the US launching any more such missions from Afghanistan, in effect protecting Ayman al-Zawahiri from sharing Bin Laden’s fate.
As I have posted here multiple times, Obama didn’t get Bin Laden, Panetta did, and Obama is pissed off about it and making damned sure that Panetta doesn’t go rouge again and get Ayman al-Zawahiri the same way he got Bin Laden.
@ doriangrey:
Hey these stas really are chilling. We are in depression.
doriangrey wrote:
I noticed that. It also promises to stop using drones to take out al Qaeda types in Pakistan, one of our most successful tactics. Of course, the whole agreement is piss and wind if Obama is voted out of office in November. There’s no way he’ll even propose such a treaty to the Senate in an election year. Romney might raise the question of why he wants to give away our most successful anti-terrorist tactics…
Iron Fist wrote:
Our entire intelligence gathering systems have been obliterated since day one that Obaaamy took power. Since we are no longer detaining terrorists he may as well close Gitmo and dunk the terrorists currently residing there into the shark infested waters because they are getting long in the tooth and have no real intelligence value anymore.
Read more: http://www.foxnews.com/politics/2012/05/04/sickly-job-growth-sets-up-unhappy-choice-for-obama/#ixzz1tvYhFVqH
@ Lily:
This is horrible data. The participation rate is 63.3%.
flyby (past my bedtime)
Netanyahu to hold early (by one year) elections such that he can deal with the Iran threat by Sept./Oct.
up at Drudge
Urban Infidel wrote:
He did say the ‘war on terror’ is over. Each and everyday this man is in the White House is a disaster.
He even let “un-named Islamist’s” to scrub clean our FBI intelligence about Islam so it doesn’t “offend” muslims.
FBI Refuses To Name Outside Islamic “Experts” It Used To Scrub Agency’s Counterterrorism Training Materials…
http://weaselzippers.us/2012/05/02/fbi-refuses-to-name-outside-islamic-experts-it-used-to-scrub-agencys-counterterrorism-training-materials/
Mainstream media starting to cover market manipulation by the Fed
Zero Hedge today calls attention to the interview done yesterday by Bloomberg Television’s Deirdre Bolton on her “Money Moves” program with James Grant, editor of Grant’s Interest Rate Observer, in which Grant practically sputters with indignation as he denounces the Federal Reserve for manipulating all markets. Today’s markets, Grant says, are just “a hall of mirrors” and he doubts that the Fed can hold the illusion together forever.
@ yenta-fada:
Here’s the zero hedge summary. 9 minutes.
http://www.zerohedge.com/news/jim-grant-federal-reserve-vampire-squid-vampire-squids
Rodan wrote:
The Fox source? Or the data in general?
I know the 8.1% is not the real number. Excellent post btw!
@ Lily:
Given the depravity demonstrated by these Islamics, in the interest of national security I just don’t know why anything should be scrubbed. I think the terrorists have won. Look at the state of the pc culture we live in. You can’t talk about Islam much less criticize it in any way.
m wrote:
Thanks, m!
@ Urban Infidel:
I think you are right. They were given access to our most sensitive documents just willy/nilly all in the name of pc!
Just unbelievable.
@ Rodan:
Yes the numbers are garbage, but the truly important thing about that is, everyone but CNN and the NBC channels recognize it as such.
Rodan wrote:
Great post, Rodan. Terrible news, but this serial lying by government and its agencies is all about Obama’s election and the real facts need to be hammered home.
@ Flyovercountry:
Even CNN has this to say about it:
While it is nothing but the truth, it is unusual to see such negativity towards the Administration from CNN. If the MFM stops shilling for him Obama is in a world of hurt. He’ll lose 30-35 States if that happens (some, like California and New York, you don’t even try to win)…
@ Iron Fist:
Wow.
@ Iron Fist:
There are just some things that is hard to cover up. With all his lies how are they expected to keep up with him. I have never, ever seen such a vindictive and anti-American president like this in my life.
@ Flyovercountry:
The fact they realize this is hug.
@ yenta-fada:
Yup facts don’t help the Pharaoh.
New Thread.