November 9, 2011
Jobs Created by the Stroke of a Pen
By Bill Tatro
11/8/2011
When it comes to jobs, it all comes down to this: For years, we all thought it was small business that was the heart and soul of the U.S. economy.
Most people understood that it was the private sector that created the real jobs – sustainable jobs that were the building blocks for people’s lives, and consequently, the foundation for our country’s solid future.
Then, along comes Barack Obama, who firmly, and I am ardently convinced, believes the public sector is the real job creator.
Everything from shovel ready to green energy has been tried by this administration in order to change the path of rising unemployment, to no avail.
Now, however, the truth can be told.
The real job creator is neither the public nor the private sector.
Rather, the real job creator is a single bean-counter who works in a small room with a green eyeshade pulled over his head at the Bureau of Labor Statistics (BLS).
He’s the person who overlays the Birth/Death (B/D) statistics on all monthly jobs reports. Most people think the B/D is simply a measurement of how many workers lived or died during the month.
In reality, the B/D is the approximate number of new businesses created with new employees netted against the businesses that closed and the people who lost their jobs. This statistic is overlaid against the actual number of workers either hired or fired. During prior administrations, this B/D number was plus-or-minus a few thousand.
The Obama administration has taken the B/D to an entirely new art form, with the plus-or-minus becoming hundreds of thousands.
It seems they thought nobody would notice, and guess what?
They were right.
The latest monthly jobs report shows 80,000 new jobs created.
The Birth/Death overlay was plus 103,000, which means the country actually lost 23,000 jobs.
But have no fear, with a phantom jobs report nobody really noticed, least of all the mainstream media.
Thus, when books are written about this chapter in American history, recognition for job creation will not be given to the small or large business entrepreneurs, nor the President or his political cronies.
Rather, all the praise will be given to that diligent, ever-present bureaucrat, who, with a wave of his magic pencil created 42% of all jobs reported in 2011.
Hallelujah!
Thank goodness for the BLS and the Birth/Death model.
It may not be real, but it sure looks good on paper and it certainly sounds great on the nightly news.
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Bill is the host of of It's All About Money, a daily financial radio show, and Columnist for Townhall.com.
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Showing posts with label Jobs Bill. Show all posts
Showing posts with label Jobs Bill. Show all posts
Wednesday, November 9, 2011
Friday, October 28, 2011
A-hole Biden Explains 12 Top Reasons To Pass Jobs Bill
Here is VP A-hole Biden last week on his hysterical claims that rape and murder would increase if Congress didn’t ram through the half-trillion-dollar White House jobs bill. He points out his top 12 reasons.
Last fall, before the midterm shellacking, Vice President Joe Biden admonished rank-and-file Democratic voters to “stop whining.” Uncle Tough Guy should practice what he screeches. The 2012 campaign has barely begun, but Biden’s thin skin makes a spring roll wrapper look impenetrable.
Biden’s office is now calling for an official investigation of a young editor who dared to question His Highness. Jason Mattera of the conservative-leaning Human Events magazine confronted the veep last week on his hysterical claims that rape and murder would increase if Congress didn’t ram through the half-trillion-dollar White House jobs bill. The testy exchange between the audacious journalist and the temper-challenged Beltway pol took place in a Senate hallway:
Mattera: Do you regret using a rape reference to describe Republican opposition to the president’s bill?
Biden: I didn’t use it. No, no, no, what I said, let’s get it straight, guys. Don’t screw around with me. Let’s get it straight. Listen to me. I said rape was up, three times, in Flint (Michigan). They’re the numbers, go look at the numbers. Murder’s up, rape is up, burglary’s up, that’s exactly what I said.
Mattera: And if Republicans don’t pass this bill, then rape will continue to rise?
Biden: Murder will continue to rise, rape will continue to rise, all crimes will continue to rise.
Never mind that the statistics in Flint actually show no correlation between crime rates and the number of police officers in the city. It’s never about the facts. It’s about the shameless demonization of Biden’s and Obama’s political opponents — and those in the press who would dare question their doom-and-gloom narratives.
After jabbing his finger in Mattera’s face, Biden stalked off, and one of his rattled press aide protectors yelped: “Who are you with?” Like playground tattletales who just got smacked in the face after cheating at tetherball, Team Biden then reported Mattera’s transgressions to the Senate press gallery and the standing committee of correspondents. The Hill newspaper reported on Tuesday that “the matter is under review.”
Biden’s crude response to Mattera’s challenge — “Don’t screw around with me” — is par for the Beltway Bubble Boy’s course. This entitled blowhard has long sought to bully reporters and ordinary citizens who question Bidenrhhea of the mouth.
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Last fall, before the midterm shellacking, Vice President Joe Biden admonished rank-and-file Democratic voters to “stop whining.” Uncle Tough Guy should practice what he screeches. The 2012 campaign has barely begun, but Biden’s thin skin makes a spring roll wrapper look impenetrable.
Biden’s office is now calling for an official investigation of a young editor who dared to question His Highness. Jason Mattera of the conservative-leaning Human Events magazine confronted the veep last week on his hysterical claims that rape and murder would increase if Congress didn’t ram through the half-trillion-dollar White House jobs bill. The testy exchange between the audacious journalist and the temper-challenged Beltway pol took place in a Senate hallway:
Mattera: Do you regret using a rape reference to describe Republican opposition to the president’s bill?
Biden: I didn’t use it. No, no, no, what I said, let’s get it straight, guys. Don’t screw around with me. Let’s get it straight. Listen to me. I said rape was up, three times, in Flint (Michigan). They’re the numbers, go look at the numbers. Murder’s up, rape is up, burglary’s up, that’s exactly what I said.
Mattera: And if Republicans don’t pass this bill, then rape will continue to rise?
Biden: Murder will continue to rise, rape will continue to rise, all crimes will continue to rise.
Never mind that the statistics in Flint actually show no correlation between crime rates and the number of police officers in the city. It’s never about the facts. It’s about the shameless demonization of Biden’s and Obama’s political opponents — and those in the press who would dare question their doom-and-gloom narratives.
After jabbing his finger in Mattera’s face, Biden stalked off, and one of his rattled press aide protectors yelped: “Who are you with?” Like playground tattletales who just got smacked in the face after cheating at tetherball, Team Biden then reported Mattera’s transgressions to the Senate press gallery and the standing committee of correspondents. The Hill newspaper reported on Tuesday that “the matter is under review.”
Biden’s crude response to Mattera’s challenge — “Don’t screw around with me” — is par for the Beltway Bubble Boy’s course. This entitled blowhard has long sought to bully reporters and ordinary citizens who question Bidenrhhea of the mouth.
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