Jobs Report Is Fraud, Greatest Ponzi Scheme In History Continues

Jobs Report Is Fraud, Greatest Ponzi Scheme In History Continues – The Blaze

I am a small businessman at “ground zero.” I don’t need Obama, the Fed, economists, or the media to tell me how the economy is doing. I live it. And I’m telling you, we’re all being lied to. The economy is not getting better, it’s getting worse.

Back in late 2007 and early 2008, I publicly predicted (numerous times) that we were entering the deepest recession since the 1929 Great Depression. At the exact moment I wrote about this, Fed Chairman Ben Bernanke was testifying in front of Congress that the economy was fine, we were not in recession, and there was little threat of a serious economic decline. It turned out he was dead wrong about everything. A small businessman always knows.

In my national bestselling book, ”The Ultimate Obama Survival Guide“ I predicted all of this: the decline of the economy, the death of jobs, the disaster of Obamacare, and the murder of the middle class. It’s all happening in front of our very eyes.

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In this Aug. 1, 2013, photo, a “Now Hiring” sign hangs in front of a new McDonald’s restaurant under construction in Tempe, Ariz. Photo Credit: Ross D. Franklin/AP

Here’s what I know. We have a jobs disaster. The numbers are sobering. Yet the mainstream media is reporting the November jobs report as if “happy days are here again.” Every media headline reports a “fantastic jobs report.” And, establishment D.C. Republicans are so dumb they accept government manipulated numbers as “fact.”

The truth is…it’s all a lie. Obama propaganda. A massive cover up. A Ponzi scheme aided and abetted by the Obama-adoring, Kool-Aid drinking mainstream media.

First, are the numbers even real? We recently found out in that in the run-up to the 2012 Presidential election, Census Bureau employees purposely reported hundreds of thousands of new jobs that did not exist. They created a false narrative that the economy was improving to fraudulently re-elect Obama. What makes you think that’s not still happening?

Why would you believe the jobs report from the same government that told you, “If you like your health insurance, you can keep it” “Obamacare will make your insurance rates go down”? and more recently, “the Obamacare web site is fixed.” All lies.

Why would you believe anything coming from an Obama administration so corrupt that it sent the IRS to intimidate a stage-4 cancer victim within days of his appearance on “Fox News” criticizing Obamacare.

But, let’s assume the 7 percent November unemployment number the national media has made its headline is accurate. Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent? The U6 measures unemployment combined with underemployment, a stat that every expert agrees is the more accurate picture of true unemployment. If a Republican was President, the 13.2 percent figure would be trumpeted in every headline.

Why isn’t the media also reporting the government’s own U6 figure of 13.2 percent?

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But, this is only the start of the Ponzi scheme. Assuming that over 200,000 new jobs were created in November, why doesn’t the media report on what kind of jobs are being created? Are these jobs that pay enough to live a middle class lifestyle and feed your family, or crummy part-time jobs that don’t even allow employees to eat without receiving food stamps? The answer of course is the latter.

Once analyzed in detail, November’s jobs numbers will undoubtedly be exactly the same as the rest of 2013. Respected economist and author John Lott reported recently that 96 percent of the jobs created in this Obama economy since January are crummy part-time jobs.

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Bonnie Altwerger sits for a job interview with Jessica Cortes as she looks for part time work at Carter’s Children’s Wear during a job fair at Sawgrass Mills on October 11, 2013 in Sunrise, Florida. As the holiday season approaches many of the roughly 50 retailers at the job fair including Banana Republic, J.Crew Factory, Victoria’s Secret and Calvin Klein are starting to hire people for seasonal work as well as continuing to look for qualified full time employees. Photo Credit: Joe Raedle/Getty Images

Respected billionaire businessman and publisher Mort Zuckerman disagrees. He says only 88 percent of the jobs created this year under Obama are crummy part-time jobs.

No matter which figure you believe, the Obama “recovery” is a mirage. This economy is only doing well if you want a job at McDonalds.

Even worse for taxpayers, of the few full-time jobs created, almost half are government jobs.

Folks, Obama is using your taxpayer money to create government jobs that actually hurt the economy and raise your taxes. Your typical government employee collects more money in retirement than they made while working. Every government job is a gigantic net loss for taxpayers. This is a disaster. This is one of the major factors for how America wound up $17 trillion in debt – with a massive unfunded liability for government employee pensions. We desperately need private sector jobs, not government jobs.

We desperately need private sector jobs, not government jobs.

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But this is no mistake. Obama is brilliant. He wants more and more government jobs – because government employees will always protect their jobs by doing Obama’s bidding (including reporting fraudulent jobs numbers at the Census Bureau, or persecuting Obama’s critics at the IRS). And, of course, they will always vote loyally Democrat and pay union dues (which turn into bribes that fund Democrat candidates).

How bad is the private sector economy? A new study shows 41 of 50 states have lost private sector jobs under Obama.

But even that doesn’t tell the full story. I’ll make an educated guess that 80 percent of the few private sector jobs actually created under Obama belong to Big Business. Obama’s policies have purposely rewarded his backers in big business, while gutting small business, the economic sector where Americans can achieve upward mobility. If you want people to be self sufficient, reward and encourage small business. If you want people to become dependent on government, create a “crony capitalist” system that puts government in bed with big business.

Small business drives the American Dream. Like my father, who went from butcher to butcher store owner, and then put his two children through Ivy League university. Jobs at McDonalds, Home Depot and WalMart are a place to get a start, but only a socialist like Obama (whose goal is to make everyone dependent on big government by wiping out the middle class), would consider creating low-paying jobs for big business a success. Next of course, Obama dreams of giving amnesty to 10 to 15 million illegal immigrants, guaranteeing (due to competition) nothing but low wage jobs for decades to come.

Lastly, the biggest media scam of all is allowing Obama to report unemployment as “improving,” when the major reason for an improved unemployment number is due to people dropping out of the labor force to go on welfare, food stamps and disability. In October, a record 932,000 people simply stopped looking for work.

That’s what causes each month’s “drop” in unemployment. It isn’t jobs, it’s lost souls giving up because it’s impossible to find a job in Obama’s America, or it pays more to sit at home collecting welfare.

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In this Thursday, Nov. 14, 2013, file photo, Jimmetta Smith, of Lithonia, Ga., right, the wife of a U.S. Marine veteran, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair for veterans and family members at the VFW Post 2681, in Marietta, Ga. (AP Photo/David Goldman, File)

Facts don’t lie:

Along with the U6, the real unemployment number that matters is the Labor Force participation Rate. It is at the lowest level since the 1970’s.

The population of America has increased by 16 million in the past seven years, but there are 1.1 million less people working.

More Americans now receive entitlements than work full-time.

More Americans are on food stamps than population of Spain or Greece.

The 46 million Americans in poverty is twice as large as the population of Syria.

The truth is America is experiencing an “Obama Great Depression.” Obama is the greatest jobs killer in U.S. history. And things will only get worse from here. Or did you think a bad economy with no jobs would get better now that Obamacare has been unleashed on the nation?

Obama has attacked business with $1.8 trillion in new regulations for 2014, massive new Obamacare taxes, dramatic increases in the cost of health insurance, and to top it off- millions of individuals and small businesses are losing their insurance altogether. And in the midst of this, you thought the economy would improve? You believed the lies, fabrications, and manipulations coming from this administration? I have a bridge to sell you in Brooklyn.

Things are getting worse, not better. But Obama, the Fed, government economists, and the Obama-adoring mainstream media can’t tell you the truth. Or we’d have rioting, unrest, and perhaps even revolution in the streets. So they just keep lying and denying, while sending out government checks like candy to soothe the masses.

So the greatest Ponzi scheme in world history continues unabated.

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Leftist Fraud Update: Census Faked 2012 Election Jobs Report

Census ‘Faked’ 2012 Election Jobs Report – New York Post

In the home stretch of the 2012 presidential campaign, from August to September, the unemployment rate fell sharply – raising eyebrows from Wall Street to Washington.

The decline – from 8.1 percent in August to 7.8 percent in September – might not have been all it seemed. The numbers, according to a reliable source, were manipulated.

And the Census Bureau, which does the unemployment survey, knew it.

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Just two years before the presidential election, the Census Bureau had caught an employee fabricating data that went into the unemployment report, which is one of the most closely watched measures of the economy.

And a knowledgeable source says the deception went beyond that one employee – that it escalated at the time President Obama was seeking reelection in 2012 and continues today.

“He’s not the only one,” said the source, who asked to remain anonymous for now but is willing to talk with the Labor Department and Congress if asked.

The Census employee caught faking the results is Julius Buckmon, according to confidential Census documents obtained by The Post. Buckmon told me in an interview this past weekend that he was told to make up information by higher-ups at Census.

Ironically, it was Labor’s demanding standards that left the door open to manipulation.

Labor requires Census to achieve a 90 percent success rate on its interviews – meaning it needed to reach 9 out of 10 households targeted and report back on their jobs status.

Census currently has six regions from which surveys are conducted. The New York and Philadelphia regions, I’m told, had been coming up short of the 90 percent.

Philadelphia filled the gap with fake interviews.

“It was a phone conversation – I forget the exact words – but it was, ‘Go ahead and fabricate it’ to make it what it was,” Buckmon told me.

Census, under contract from the Labor Department, conducts the household survey used to tabulate the unemployment rate.

Interviews with some 60,000 household go into each month’s jobless number, which currently stands at 7.3 percent. Since this is considered a scientific poll, each one of the households interviewed represents 5,000 homes in the US.

Buckmon, it turns out, was a very ambitious employee. He conducted three times as many household interviews as his peers, my source said.

By making up survey results – and, essentially, creating people out of thin air and giving them jobs – Buckmon’s actions could have lowered the jobless rate.

Buckmon said he filled out surveys for people he couldn’t reach by phone or who didn’t answer their doors.

But, Buckmon says, he was never told how to answer the questions about whether these nonexistent people were employed or not, looking for work, or have given up.

But people who know how the survey works say that simply by creating people and filling out surveys in their name would boost the number of folks reported as employed.

Census never publicly disclosed the falsification. Nor did it inform Labor that its data was tainted.

“Yes, absolutely they should have told us,” said a Labor spokesman. “It would be normal procedure to notify us if there is a problem with data collection.”

Census appears to have looked into only a handful of instances of falsification by Buckmon, although more than a dozen instances were reported, according to internal documents.

In one document from the probe, Program Coordinator Joal Crosby was ask in 2010, “Why was the suspected… possible data falsification on all (underscored) other survey work for which data falsification was suspected not investigated by the region?”

On one document seen by The Post, Crosby hand-wrote the answer: “Unable to determine why an investigation was not done for CPS,” or the Current Population Survey – the official name for the unemployment report.

With regard to the Consumer Expenditure survey, only four instances of falsification were looked into, while 14 were reported.

I’ve been suspicious of the Census Bureau for a long time.

During the 2010 Census report – an enormous and costly survey of the entire country that goes on for a full year – I suspected (and wrote in a number of columns) that Census was inexplicably hiring and firing temporary workers.

I suspected that this turnover of employees was being done purposely to boost the number of new jobs being report each month. (The Labor Department does not use the Census Bureau for its other monthly survey of new jobs – commonly referred to as the Establishment Survey.)

Last week I offered to give all the information I have, including names, dates and charges to Labor’s inspector general.

I’m waiting to hear back from Labor.

I hope the next stop will be Congress, since manipulation of data like this not only gives voters the wrong impression of the economy but also leads lawmakers, the Federal Reserve and companies to make uninformed decisions.

To cite just one instance, the Fed is targeting the curtailment of its so-called quantitative easing money-printing/bond-buying fiasco to the unemployment rate for which Census provided the false information.

So falsifying this would, in essence, have dire consequences for the country.

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FLASHBACK 10/05/12: Jack Welch Questions Jobs Numbers – CNN

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The big drop in the unemployment rate a month before the presidential election brought cries of disbelief and conspiracy theories from Jack Welch and other critics of the Obama administration Friday. But the Labor Department was quick to dismiss such claims.

“Unbelievable jobs numbers… these Chicago guys will do anything… can’t debate so change numbers,” tweeted Welch, the former CEO of General Electric (GE, Fortune 500).

Welch did not respond to a request for further comment. In an interview later in the day on MSNBC, he admitted that he had no evidence that the jobs numbers were manipulated, but said they “defy logic.”

The unemployment rate fell to 7.8% in September, down from 8.1% a month earlier. The drop was due to the Bureau of Labor Statistics’ survey of households showing that 873,000 more people had jobs than in the previous month. That was the biggest one-month gain in more than nine years.

Labor Secretary Hilda Solis criticized the conspiracy theories Friday.

“This is a methodology that’s been used for decades. And it is insulting when you hear people just cavalierly say that somehow we’re manipulating numbers,” Solis told CNN’s Richard Quest.

Welch wasn’t alone in raising questions about the jobs numbers.

Americans for Limited Government, a conservative group that has been a steady critic of the Obama administration, issued a statement that said the numbers the BLS “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. Anyone who takes this unemployment report serious is either naive or a paid Obama campaign adviser.”

iReport: Are you reluctantly taking a part-time job?

Conn Carroll, a senior writer at the conservative Washington Examiner suggested a slightly less nefarious form of manipulation of the data.

“I don’t think BLS cooked numbers. I think a bunch of Dems lied about getting jobs. That would have same effect,” he tweeted. “Would love to see the partisan breakdown of the 873,000 Americans who say they got new jobs.”

BLS denied there was any manipulation of the data or anything out of the ordinary about the unemployment rate calculation.

“No political appointee is involved in the collecting, processing and analyzing of the data,” said Thomas Nardone, the associate commissioner for employment and unemployment statistics.

Nardone said the Council of Economic Advisers doesn’t get the numbers until Thursday afternoon, and that the Secretary of Labor he rself doesn’t see them until Friday morning.

Even some conservative economists defended the BLS’s integrity and legitimacy of the numbers.

“The jobs #’s may look fishy to some, but if you step back, it’s just a plow horse economy lumbering along,” tweeted Brian Wesbury, chief economist at First Trust.

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DOE Sitting On Natural Gas Projects That Could Create Nearly 500,000 Jobs And Over $70B In Revenue

Report: Energy Department Sitting On Billions Of Dollars In Natural Gas Projects – Washington Free Beacon

The United States could add thousands of jobs and billions of dollars in economic activity by speeding up approval of the 20 remaining liquefied natural gas (LNG) export terminals currently being reviewed by the Energy Department, according to a report released Thursday.

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A report by American Council for Capital Formation estimated LNG exports would create up to 452,300 jobs between 2016 and 2035. Over the same period, the United States could add between $15. 6 billion and $73.6 billion annually to the gross domestic product.

“Each project can take five years or more to move from approval to export flow,” the report stated. “Without a faster approval process, it is unlikely that the United States will achieve the economic and job growth benefits that would arise from the higher production of natural gas since other countries may gain market share at our expense.”

The advent of hydraulic fracturing, commonly called “fracking,” has opened up huge natural gas deposits in the United States, and the country now has the potential to become a net exporter of natural gas by 2016, according to energy forecasts.

Energy Secretary Ernest Moniz, speaking earlier this year at a congressional hearing, said the department “will expeditiously work through the remaining applications… reviewing each one on a case-by-case basis to ensure that all approvals are in the public interest.”

Moniz said there would “absolutely” be decisions on the export terminals sometime this year.

However, increased natural gas exports have been opposed by environmental groups, who argue the long-term environmental impacts are still unclear, and manufacturers, who fear spikes in energy prices.

The ACCF report argues exports will allow the free market to determine prices and accomplish the Obama administration’s energy goals.

“The administration has an opportunity to advance the president’s goal to double exports within five years by utilizing one of our most vital and plentiful natural resources in a manner that carries comprehensive benefits for our economy both today and far into the future,” the report reads “DOE should allow free markets to determine how much LNG is exported and allow free trade of this valuable resource to aid our recovering economy. From corn to cars to wheat, exports have proven to be a net positive boost for the U.S. economy and LNG exports shouldn’t be treated differently.”

The Energy Department declined to comment on the report and directed the Washington Free Beacon to Moniz’ earlier statements.

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You know what would really help our economy?

A time machine. See with a time machine we could all go back to 1979. Why 1979? Well Chris Wysocki figures that today’s “bright” economic news, unemployment hit 7.5%, would really be good news, if this was 1979.

Good news America! The unemployment rate has dropped again! It’s now at 7.5%, and employers are adding more jobs than ever!

U.S. employers added 165,000 jobs in April, and hiring was much stronger in the previous two months than the government first estimated. The job increases helped reduce the unemployment rate from 7.6 percent to a four-year low of 7.5 percent.

The government revised up its estimate of job gains in February and March by a combined 114,000. It now says employers added 332,000 jobs in February and 138,000 in March. The economy has created an average of 208,000 jobs a month from November through April — above the 138,000 added in the previous six months.

Alas every silver lining has a cloud. Or 2.

First, the workforce participation rate remains stubbornly stuck at 63.3%, the lowest it’s been since 1979. Because once you’ve given up, you’ve given up. And your president has likewise given up on you.

Second, and perhaps more ominously, ObamaCare is pushing more and more people into part-time work.

Many part-timers are facing a double whammy from President Obama’s Affordable Care Act. The law requires large employers offering health insurance to include part-time employees working 30 hours a week or more. But rather than provide healthcare to more workers, a growing number of employers are cutting back employee hours instead.

See! Even good news is bad news in Obamaland. So, would we REALLY be better to go back to 1979? Well, in 1979, Carter was president, and things were not great at all. But there was no Obamacare looming over us, and do you recall what happened the very next year? Yep, Reagan was elected! Also, there was no MSNBS, no reality TV, of course there was no internet, and no blogs, so, what would I be doing with my time?

 

Five Million College Grads In Jobs That Don’t Require A High School Diploma

Five Million College Grads In Jobs That Don’t Require A High School Diploma – Big Government

A new study finds that 48% of recent college graduates are now in jobs that do not require a bachelor’s degree, and 37% hold jobs that require just a high school diploma.

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The study, titled “Why Are Recent College Graduates Underemployed? University Enrollments and Labor Market Realities,” was conducted by the Center for College Affordability and Productivity using employment data from the U.S. Bureau of Labor Statistics.

“Student-loan programs and federal assistance programs are based on some sort of implicit assumption that we’re training people for the jobs of the future,” says Richar Vedder, director of the center and a professor emeritus at Ohio University. “In reality, a lot of them are not.”

The study found that the proportion of over-educated workers is on the rise. In 1970, less than 1% of taxi drivers and 2% of firefighters held college degrees. Today, over 15% do in each profession. Moreover, five million college graduates are now in jobs that don’t even require a high school diploma.

Kristopher Del Campo, 23 and a senior majoring in psychology at DePaul University, says that many of his classmates fear today’s dismal job market and are instead opting for graduate school, which will make them even more overqualified for jobs.

“A lot of undergraduates are wondering whether they will find jobs that allow them to use their degree,” said Del Campo in an interview with Breitbart News. “So they’re going to graduate school instead, which will drive them deeper into debt.”

Indeed, college graduates are fortunate to find any job in today’s bleak economy. In 2006 and 2007, 90% of all college graduates found a job within a year of graduating. Since 2011, just 56% of college graduates are able to find work.

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Two Recent Must-See Marco Rubio Videos

Senator Marco Rubio Delivers A Major Foreign Policy Speech At The Jesse Helms Center In Wingate, North Carolina – 09/13/11

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Marco’s Constituent Mailbox: Jobs And The Economy – 09/09/11

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Visit Senator Rubio’s YouTube Channel At http://www.youtube.com/user/SenatorMarcoRubio

Then Check Out His Official Website At http://rubio.senate.gov

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Actual Unemployment Rate Reaches 17.3 Percent As Economy Sheds Another 85,000 Jobs

Economy Loses 85,000 Jobs In December, Jobless Rate Stays At 10 Percent – Fox News

The economy lost more jobs than expected in December while the unemployment rate held steady at 10 percent, as a sluggish economic recovery has yet to revive hiring among the nation’s employers.

The Labor Department said Friday that employers cut 85,000 jobs last month, worse than the 8,000 drop analysts expected.

A sharp drop in the labor force, a sign more of the jobless are giving up on their search for work, kept the unemployment rate at the same rate as in November. Once people stop looking for jobs, they are no longer counted among the unemployed.

When discouraged workers and part-time workers who would prefer full-time jobs are included, the so-called “underemployment” rate in December rose to 17.3 percent, from 17.2 percent in October. That’s just below a revised figure of 17.4 percent in October, the highest on records dating from 1994.

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