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Video: Allen West – Obama is “Actively Manipulating” Jobs Data, Engaged in Cover-Up

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Allen West says he’s not suggesting that impeachment is in order but, like the scam orchestrated to cover up the real causes of the Benghazi attack, he accuses Obama of “manipulating” and “covering up” the data to make the jobless rate appear different than it really is.

The hostile interview with CNBC started with a question as to whether Congressman West agreed with former General Electric CEO Jack Welch who had previously accused the Obama Administration of cooking the unemployment rate.

According to the Daily Caller, Mr. Welch stated in the critical tweet that “Chicago guys will do anything.”

Here’s the CNBC interview with Congressman West:

Unemployment Rate: Happy Days Are Not Here Again

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By The Wall Street Journal. The jobless rate fell in September to 7.8% from 8.1%, though the economy created only 114,000 new jobs, and some of our conservative friends smell a bureaucratic rat so close to Election Day. We doubt the Labor gnomes are manipulating the numbers, and in any case chasing conspiracies detracts from the real news, which is that the job market still stinks.

Democrats are celebrating the decline in the jobless rate, which only shows how their standards have changed since President Obama entered the White House. In 2004, they were lambasting George W. Bush for a September jobless rate that was 5.4%. Only last month they were begging the Federal Reserve to print more money indefinitely because the job market was so weak. Now they say happy days are almost here again.

The reality is that more than three years into this weakest of economic recoveries, 12.1 million Americans are still out of work—nearly 23 million by the broader definition that includes those who have stopped looking or can’t find full time work—and the labor participation rate is still down to 1981 levels at 63.6%. Hooray!

Of the 114,000 new jobs, 104,000 were in the private economy, and all of the 86,000 in upward revisions for July and August came in government jobs. Job growth for 2012 has averaged 146,000 a month, which is down from 153,000 in 2011.

Manufacturing employment fell again (down 38,000 in the last two months) further dampening one of the few bright spots in this recovery. A still abysmal 40.1% of the unemployed in America have been jobless for six months or more. Such a job market is anemic by any historic measure for this stage in an expansion and reflects continuing slow GDP growth in the 1%-2% range. Read more from this story HERE.

Recommended Story: Although Allen West likely does not disagree with the overall jobs assessment above, he specifically alleged this past weekend that Obama is manipulating and covering up the jobs data.

Romney Slams Obama’s New Unemployment Numbers

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Republican presidential nominee Mitt Romney moved to undercut the latest U.S. jobs report showing unemployment at its lowest rate since President Barack Obama assumed office, saying the true number is much worse.

Romney’s comments to more than 6,000 people in Apopka, Florida, came the day after new Labor Department data showed an unexpected drop in the unemployment rate to 7.8 percent in September, the lowest since Obama took office in January 2009.

“If we calculated, by the way, our unemployment rate in a way that was consistent with the way it was calculated when he came into office, it would be a different number,” Romney said tonight. “You see, if the number of people — if the percentage of the American population who were in the workforce were the same today as the day he was elected, our unemployment rate would be above 11 percent. This is inexcusable.”

Romney appeared to be referring to the workforce- participation rate, which was 63.6 percent last month, compared with 65.7 percent in January 2009. That figure isn’t incorporated into the monthly unemployment number released by the government, and wasn’t before Obama took office.

The penultimate jobs report before the Nov. 6 election took on outsized significance in the presidential race, in which Obama’s economic record and Romney’s claim to have the business experience to do better at creating jobs are central themes.

Read more from this story HERE.

Eurozone Unemployment Hits Record High While, At the Same Time, One Eurozone Country Has Record Low Unemployment

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The eurozone unemployment rate was 11.4% in August, up from 10.2% last year. Data from the EU statistics agency Eurostat estimated that 25.5 million men and women were out of work over the period, 18.2 million of whom were in the eurozone.

Compared with the previous month the number of unemployed people in the EU rose by 49,000 and in the eurozone by 34,000.

The overall unemployment rate in Spain has reached 25.1%, while the latest data from Greece for June shows a figure of 24.4%. The outlook is far more optimistic in Germany, however, where just 5.5% of people are out of work.

The EU announced on Monday that it will reallocate an extra €2.7bn of structural funds to tackle youth unemployment, on top of the €7.3bn already identified.

The reallocation is part of the EU’s “Youth Opportunities Initiative” which saw pilot programmes set up in the eight EU member states with the highest levels of youth joblessness: Greece, Spain, Portugal, Italy, Lithuania, Slovakia, Ireland and Latvia.

Spain Recoils, as Its Hungry Forage Trash Bins for a Next Meal; Youth Unemployment at 50%

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On a recent evening, a hip-looking young woman was sorting through a stack of crates outside a fruit and vegetable store here in the working-class neighborhood of Vallecas as it shut down for the night.

At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day’s trash for her next meal. Already, she had found a dozen aging potatoes she deemed edible and loaded them onto a luggage cart parked nearby.

“When you don’t have enough money,” she said, declining to give her name, “this is what there is.”

The woman, 33, said that she had once worked at the post office but that her unemployment benefits had run out and she was living now on 400 euros a month, about $520. She was squatting with some friends in a building that still had water and electricity, while collecting “a little of everything” from the garbage after stores closed and the streets were dark and quiet.

Such survival tactics are becoming increasingly commonplace here, with an unemployment rate over 50 percent among young people and more and more households having adults without jobs. So pervasive is the problem of scavenging that one Spanish city has resorted to installing locks on supermarket trash bins as a public health precaution.

Read more from this story HERE.

Video: Fox New’s Most Awkward Interview Ever

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In this attempted interview, Fox News tries to ask an unemployed college graduate questions about why he originally supported Obama but now supports Romney. It goes downhill from there.

US Financial Collapse Likely if Obama Wins Reelection

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As it loses its sovereignty, Spain finds itself in a vortex from which it cannot escape. It has entered into a second recession within three years. It has no money to combat this dilemma, as the private sector is collapsing, and so, as a result, are tax revenues, and the government is stuck with massive social programs. The national unemployment rate as of August 2012 is 24.6%, but for the young (16-24 years of age) it is now 52.9%. For those between the ages of 20 and 29, the rate is 39%. People are withdrawing and hoarding what cash they have, and many are moving to other countries. Tax revenues thus continue to decline, and few businesses will contemplate a start-up or move to Spain under these circumstances. The nation cannot cut spending beyond a certain point without fomenting a national upheaval, and it cannot promote programs to grow the economy. A financial and societal collapse is thus inevitable.

The United States is on the same path.

Since 2008, the nation’s debt has increased by 75% and will, per Obama’s own budget proposal, more than double (up 130%) by the end of an Obama second term, just four years away. The unfunded liabilities of the U.S. are now 14 times larger than the nation’s annual economic output (GDP). Government at all levels (federal, state, and local) is now spending the equivalent of 40% of the nation’s annual GDP. It will increase to 46-plus percent when ObamaCare and other programs are fully implemented.

The real unemployment rate today (counting all who dropped out of the labor force) is approaching 19%, and over 50% of recent college graduates are unemployed or grossly under-employed, with no hope in sight. There has been a concerted effort by this administration to centralize economic control in Washington through onerous mandates, regulations, and proposed taxes, thus discouraging wealth- and job-creation and forcing many businesses to contemplate a move overseas. The result of all the above is little or no economic growth, thus diminishing tax revenues and forcing more reliance on borrowing to fund the promised spending.

Borrowing that will one day in the not too distant future cost the United States an exorbitant interest rate, combined with a demand for real austerity and a de facto loss of sovereignty, would cement in stone an inevitable collapse.

For those who are maybe undecided or enamored of the Obama cult of personality, there is no need to listen to any of the political speeches and the distortions inevitably contained therein or to read green eye-shade economic reports. Just look across the Atlantic Ocean for a reality check and see the future if the Obama team is given four more years.

Read more from this story HERE.

Unemployment High, But Dropping For Government Workers

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Photo credit: US Department of Labor

While a record number of Americans are not currently in the labor force, according to the Department of Labor, unemployment for government workers drops to 5.1 percent, the lowest among all industries.

In a report issued by the Department of Labor, the number of Americans counted as “not in the civilian labor force” in the month of August reached a record high figure of 88,921,000.

CNS News explains, “The Labor Department counts a person as not in the civilian labor force if they are at least 16 years old, are not in the military or an institution such as a prison, mental hospital or nursing home, and have not actively looked for a job in the last four weeks.”

Those considered by the Department of Labor to be “in the civilian labor force” meet the same characteristics but either have a job or have been actively pursuing a job in the last four weeks.

Between the month of July and August, 368,000 Americans dropped out of the labor force and did not look for a job. In August, there were 119,000 fewer Americans employed then there were in the month of July.

Read more from this story HERE.

August: Lowest Male Employment Rate in History; 4 Stopped Looking for Work for Each New Job

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Just 96,000 American jobs were added in August in a bleak monthly jobs report as 368,000 left the workforce, bringing labour market participation down to its lowest level for 31 years and dealing a blow to President Barack Obama’s re-election chances.

The national unemployment rate dropped to 8.1 per cent, down from 8.2 per cent, but this was only because so many people gave up looking for work. If the participation rate had not dropped so precipitously, unemployment would have risen to 8.4 per cent.

Factory employment fell by the most in two years and temporary-help companies eliminated positions for the first time in five months. The 69.9 per cent labor force participation rate for men is at lowest level recorded since the US government began tracking it in 1948.

According to James Pethokoukis of the American Enterprise Institute, the unemployment rate would be 11.2 per cent if the labour force participation rate had remained what it was when Obama took office in January 2009. The U.S. Labour Department also said that 41,000 fewer jobs were created in June and July than previously reported.

President Barack Obama was made aware of the figures before he took the stage to deliver his prime-time address at the Democratic convention on Thursday night, which could account for his sometimes grim demeanour as he spoke.

Read more from this story HERE.

Obama Destroying Black Families

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Photo credit: cheriejoyful

When we assess the President’s post-election performance and the effects of his redistributive and regulatory policies, we find that, like a falling tide, he is sinking everyone. We also find that although Barack Obama has hurt all American families, he has hurt black families most of all.

The metaphor of the economy as a tide is particularly helpful. When the tide rises, our boats rise. When the tide falls, our boats fall. Just as water may not be subdivided to make some boats rise and others fall, our economy cannot be subdivided, either.

Similarly helpful is Democrat Daniel Moynihan’s longstanding observation: “During times when jobs were reasonably plentiful … the Negro family became stronger and more stable. As jobs became more and more difficult to find, the stability of the family became more and more difficult to maintain.”

Black families are faring worse than at any time in the last 25 years, and worse than at this point with President Obama than with Presidents G.W. Bush, Clinton, H.W. Bush, Reagan, and even Carter. These presidential comparisons span a period of almost four decades.

Black Adults. Black unemployment has been persistently high for a long time. Likewise, median weeks unemployed are higher than under any other president. These facts are testaments to the ineffectiveness of the Obama presidency. We are experiencing a 28-year high in black unemployment; but unlike January 1983, when black unemployment spiked but then soon improved, Barack Obama’s black unemployment has hovered in the 14%-16% range for over three years (now 14.1%).

Read more from this story HERE.