posted April 13, 2011 09:42 AM            

After spending a Trillion dollars on a so called "Stimulus" and about 3.5 Trillion dollars by the Federal Reserve to prop up everyone on earth, including foreign banks; the economy is not recovering and neither is the jobs market.

Kiss that money goodbye and understand that the O'Bomber administration and the Congress of the United States placed the burden of repayment of all those Trillions of dollars on the backs of American taxpayers.

So, now we find the Labor Dept has been inflating the "Jobs Created" numbers. They've been guessing that jobs were created by guessing that businesses started up and are operating.

So now, O'Bomber, O'Biden, O'Bomber's drooling press hacks and lying leftists can bray to America..."It's Working", look at those jobs numbers"....and, that's exactly what they have been doing...braying!

Faux job numbers could lead to real trouble
Posted: 12:00 AM, April 12, 2011
John Crudele

Deception is a dangerous thing. You never really know when a lie may turn on you.

Take, for instance, the Labor Department's annual springtime boost in the faux jobs market. While it's nice that the government thinks there is an employment boom coming, this won't be a good development if that boom turns out to be imaginary yet still causes the Federal Reserve to prematurely tighten credit conditions.

Let's start from the beginning.

Early this month Labor reported that 216,000 new jobs were created in March. It was better than Wall Street expected.

But the figure included 117,000 jobs that the department thinks, but can't prove, were created by newly formed companies that might not even exist. In fact, the department is getting so optimistic about the labor market that it increased this imaginary job count from just 81,000 in March, 2010.

As I've been telling you for months, the spring always causes the Labor Department to goose its job-creation numbers. And maybe sometime in the future this process will be warranted. But during 2009 and 2010 these springtime assumptions -- which are officially called the Birth/Death Model by Labor -- led to major errors in the annual job count.

The next three months should be doozies. In April 2010, the Labor Department guessed that 188,000 jobs were created by these newly formed, maybe nonexistent companies; last May's total job number was jacked up by a 215,000 guess, and June got an artificial boost of 147,000 jobs.

This year, Labor will likely be inserting even bigger faux job totals for each of those three months.

In other words, you still might not be able to get a job in the real world, but there should be plenty of fake jobs for the newspapers to write about and the politicians to brag about in speeches. Why should you care?

If you are just a regular person reading this column you should be appalled that Washington has trouble getting its numbers right. But wait, there's more.

Interest rates have already been rising because (and I don't need to tell you this) inflation is a problem. Mortgage rates, for instance, have moved three-quarters of a percentage point higher over the past six months. And that's without the Federal Reserve purposely tightening credit conditions.

The next three months' job figures -- if they are as strong as I think they will be -- could give the Fed a compelling reason to, at the very least, end the money-printing operation it calls Quantitative Easing. And it may even have to start talking about raising interest rates.

That won't be good news for either bonds or stocks, the latter of which have been on a truly unbelievable ride upward. Remember the first investment advice you received (probably from your mom or dad): if it's too good to be true, be suspicious.

posted April 13, 2011 01:25 PM            

The real issue is that our current economic system is, by its own admission, debt-based, inherently inflationary, and mathematically unable to result in anything other than economic collapse. Which we are seeing now.

It can't be fixed. Not by Obama; not by any "Republican".

posted April 13, 2011 10:29 PM            

The news media do not tabulate and publish the "Jobs Numbers".

posted April 15, 2011 04:02 PM            

Further, you forgot ABC..American Broadcasting Corp and hundreds or thousands of locally owned TV stations across America.

Oh, and GE does not own NBC. Comcast bought it.