Come Back

A lot of good news came out Friday and the unemployment did not hit the magical 20% all the analysts and media predicted, or privately hoped for.

In fact, 2.5 million jobs in May were added and the unemployment rate dropped to 13.3%. Not quite the harbinger of doom forecast. Well, now the panic on the Left starts.

On other fronts, NY Gov Cuomo continues to give daily updates on the state of pandemic in NY. He also uses the platform to delve into every new national event. The latest being the protests and riots that swept through NYC as the pandemic declined.

Interesting though how he sticks to his analogy. He has worn it out describing a valve and series of gauges as he, like some madman, is authoritatively posted at the controls. Despite repetition, he says he is loosening it as he watches the gauges. It may be boring but what you have to do, he says, while adding “if metrics change that [valve] will change.”

After stretching the analogy to the max, one thing in all his scenarios remains a constant that his hand is always on the valve. So the message seems to be his hand never comes off the valve. One wonders if someone has to pry it out of his cold dead hands?

Media will have to develop a new narrative because things are not fitting into their current one. Once again, as weather improved so did the COVID virus numbers.

But what does not seem to improve is Democrats’greedy hand on the control panel and economy. They are fatally attracted and addicted to power.

Funny how there has not been any protests or marches over the nursing home deaths Cuomo and others caused. Where are they? Where is that national discussion?

But we see how many memorials were organized over the killing of George Floyd. He seemed to vacuum up public attention. Police did not stick COVID into nursing homes.

No true come back would be complete without a look at what happened as these Leftists had their hands all over the control valves in the nation’s economy, or how they mishandled the crisis of the virus.

No, there will be some major event popping up that will prevent any critical insight into that. No time for the damage done, they are off to opine on the next crisis. And in an election year you know there will be one, if they have to create it themselves.

A pity we never really come back from unbridled abuse of power.

Right Ring | Bullright

Obama: Good Times Are Here Again

On Friday, Obama touted the jobs report as great news. As if we just don’t know how good the economy is. He took the opportunity to remind us because we dummies don’t understand too good. He has to explain it, over and over, until we get the message.

He told us how the unemployment, now below 5%, is excellent news. He talked up the economy, while at the same time the stock market was going south. It’s all good.

“The United States of America right now has the strongest, most durable economy in the world. I know that’s still inconvenient for Republican stump speeches as their doom and despair tour plays in New Hampshire. I guess you cannot please everybody,” Obama said.

The unemployment rate supposedly dropped below 5%, but 51% of people still see economic conditions as poor. Must be a tough sell, not just to Republicans.

When you fill in the voids and blanks in Obama’s rhetoric you come to some strange conclusions. We know that when people’s unemployment runs out or they can’t find work and come off the roles, they don’t count.

From the Heritage’s Daily Signal:

The “real” unemployment rate in January remained unchanged from December at 9.9 percent. Almost six million Americans worked part-time in January but would have accepted full-time jobs if they could have found them, according to the bureau.

So is Obama saying that when their unemployment runs out, and they still can’t find work, that it’s a good thing? Yes. He boasts about the decline in numbers when more people are not counted. Way to go, Obama.

It’s no surprise, Obama can ignore the undercurrent in America that is not happy with his job performance or the effects his policies have on America. Now he whistles past the unemployed and underemployed people in a similar fashion. Then he calls it good news.

RightRing | Bullright

What’s in the unemployment number?

Fact Check: Labor Secretary Solis Misleads on Jobs Revisions

by Joel B. Pollak 5 Oct 2012
 

Suspicion about the federal government’s September jobs report has fallen on Secretary of Labor Hilda Solis, who appeared on CNBC this morning and defended the numbers from the Bureau of Labor Statistics (BLS), claiming–falsely–that upward revisions of 86,000 jobs were from the private sector. In fact, the new number is entirely accounted for by upwards revisions to state and federal government payrolls.

The BLS reported that while only 114,000 jobs were created in September–which would have translated into a rise in unemployment from 8.1% to 8.2%–the unemployment rate fell dramatically to 7.8%. That unusual drop is the fastest in nearly three decades, and was unexpected even in the rosiest predictions.

One reason for the rise was an upward revision of 86,000 to the July and August jobs numbers–all of which came from a 91,000 increase in the estimate of public sector jobs. Private sector job estimates were actually revised downward by 5,000.
[…continue]

http://www.breitbart.com/Big-Government/2012/10/05/Suspicion-Falls-on-Labor-Secretary-Solis-as-Jobs-Numbers-Questioned

The Two-Step Economy

Tiptoe through the tulips with me.-(Tiny Tim)

 


All of lamestream zoomed in on the unemployment rate dropping below 8%. Media is hailing it everywhere as a solid sign the economy is getting better. (so it has less tumors than it had last month) Proof that its on the mend, so they say. Forget Obama’s failures which are not adding jobs or promise to this economy. I am no economist or scholar, but you don’t have to be to see some trends.

I’ve been watching the to and fro of this economic rollercoaster we’ve been on. How many times has the groundhog stuck his head out of the hole to call for an early spring? (Punxsutawney Phil would be delirious) Whenever there is moderately decent economic news, and wall street follows suit, they said we are on the “road to recovery”.

And there are certainly political reasons they want to wish it better. Contrary to what the lib-progs think, no one is hoping for doom and gloom. No one wants to talk it down. Don’t confuse warnings for wishful thinking. They don’t have to, if the recovery was real you would feel it.

However, there sure are people who want to talk it up. That is very evident. (Jack Welsh wasn’t entirely wrong) But they miss the point. Virtually every time I hear good economic news, I see the price of oil jump, gas and fuel follows. Its been doing that for a few years. I don’t think you need to validate it with a chart. It happens. We get no relief for the oil prices which doubled in Obama’s term. If we project it out, it could triple in his second term, if we see any economic growth. My guess is as good as anyone’s, since that is the direction its been heading based on good news, up.

So that tells me that the other shoe is bound to drop. Sure the Dow may rally on this bit of good news. But then the other shoe will slam to the ground. When it does, oil will shoot up again – call it another gusher. It does that as reality sets in to people that we aren’t “healed” yet and we do not have much to be “confident” about. As far as I can tell, it isn’t really a decent economy until people feel it. They can’t fool and fake people on that. (Hey Jed, let’s move to Beverly Hills…NOT)

Energy is sucking the life-blood out of the economy, but they will parade around the gusher saying we’re on the rebound with oil right in the middle of their celebration. ‘We are on the road forward, and don’t look back’, we hear. When it does shoot up, the economy takes a deep breath and seems to crawl back in its hole. That’s what I’ve seen in this term. There are plenty of reasons they can justify it with from the ME to China to closing coal supplies. There are a plethora of excuses they can make. But it will still have a negative effect on the economy.

So they can tout the below 8% record-breaking trend on unemployment. But there is always room for new record highs for oil. And there will be no shortage of the reasons for it.

Washington wish-mongers may be in denial but the rest of America is not. That is on top of inflation and prices of everything from food to clothing on the rise too. They should feel more like tiptoeing when shouting “recovery!”