New Report: Obama's 'Economic Recovery' Built on Lies, Manipulation of Numbers
January 26, 2015 By Greg Campbell

Obama and his fellow Democrats have been hailing the president for having delivered a supposed economic recovery. While gas prices are great and our economy has not crumbled into ruins, our economic outlook is far from pretty.

For example, if a household maxes-out their credit cards but are soon able to make the minimum payments, should they consider themselves out of the woods?

Similarly, when we look at the numbers, it's easy to see that there are mass manipulations that paint a rosier picture than reality.

A recent report from the National Bureau of Economic Research indicates that Obama's "miraculous recovery" is little more than a reconfiguring of unemployment data. A whopping sixty percent of 2014's so-called "job creation" was from the expiration of unemployment benefits, indicating that the government no longer considers these people in the job market and thus, not "unemployed."

The Washington Examiner reports:

Sixty percent of job creation in 2014 was caused by the expiration of unemployment benefits, according to a new working paper published by the National Bureau of Economic Research.

In late 2013, a standoff between Republicans and Democrats led to the abrupt expiration of long-term unemployment benefits. Democrats warned that the expiration would have disastrous ramifications, but Republicans had long argued that allowing Americans to collect unemployment benefits for an indefinite period of time provided a disincentive for them to work.

The new working paper found that the expiration of benefits was responsible for the creation of over 1.8 million jobs. Nearly 1 million of those jobs were created by workers who would have otherwise stayed out of the labor force if unemployment benefits had been extended. Overall, almost 3 million jobs were created in 2014.

"The negative effects of unemployment benefit extensions on employment far outweighs the potential stimulative effects often ascribed to this policy," the study said.

It found that "the dominant impact of the benefit cut on employment was not driven by a contraction in the labor force - unemployed dropping out of the labor force because they were no longer entitled to benefits - but instead by those previously not participating in the labor market deciding to enter the labor force."

The study was coauthored by Marcus Hagedorn of the University of Oslo, Iourii Manovskii of the University of Pennsylvania and Kurt Mitman of Stockholm University.

The authors found that employment grew fastest in states that had high unemployment benefits before benefit extensions expired. This suggests that high unemployment benefits had been holding back job creation in these states, causing them to catch up quickly once benefits fell closer to those in low-benefit states.

The average duration of unemployment insurance fell suddenly from 53 weeks to 25 weeks in late December 2013. The federal Emergency Unemployment Compensation program had been extending the typical duration of unemployment benefits during the Great Recession.

The study gives ammo to conservatives who argue that welfare benefits for able-bodied adults encourage people to live off government handouts instead of seeking work. Only 62.7 percent of civilians are members of the labor force, the lowest rate since 1978. Participation was even lower prior to women joining the labor force at accelerated rates in the 1970s.

Labor force participation is down three percentage points since President Obama took office in 2009. It has fallen only 0.1 percentage points since unemployment benefits were cut in December 2013.

What's that old adage? "Statistics never lie; but liars use statistics."

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Old Report:  'Tea Party' Built upon Lies, Manipulation of Geriatrics

I see that you can't argue the facts.

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Everything else this bum has done is built on lies, why wouldn't the "resurgent economy" be also.

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I :heart; Q

The fact that the economy is soaring or that the righty reporters make money selling drivel?

 

Thats the problem...the economy isn't soaring.

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Oh according to Greg Campbell...

From TP.net Mr. Campbell is a "regular contributor for RightWing News. His main field of expertise is firearms and Second Amendment-related issues."

Well I guess he is about as good at ekonomiks as any other Tea Party member.

You're an idiot (but we know that):

http://www.wsj.com/articles/BL-MBB-24415

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

^^^^6 month old article...keep on dreaming. Here's the 5 year Dow Jones chart numbnuts. How misinformed are you anyway? Not soaring? Just keep believing biased imbeciles that's what your good at.





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The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness -
John Kenneth Galbraith

Showing your total idiocy again, albie....the stock market is in fact NOT our economy.

Your attempt to use it as proof of our economic outlook is hilarious!

Why don't you post that small debt that is looming over our head.

Maybe you can attempt to explain the derivatives market and why it's so dangerous.

http://www.livetradingnews.com...91447.htm#.VMsK6T90wzs

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Wait, so the stock market is not our economy but debt is? Why don't we use unemployment, GDP, and inflation as indicators of our economy?  We're doing waaay better than what the last gop administration left us.

Your Share of the National Debt

$56,512.26 per citizen
or
$146,366.76 for your household

Why Does Debt Matter?
.At first it will seem like nothing is happening, but the reality is that the debt will begin to snowball and become a larger and larger portion of our economy. More of your tax money will go to pay interest on the debt, and less will go to fund things that the government should be funding.
.Interest rates will rise as the United States' debt becomes a larger portion of our economy. Increased interest rates will increase deficits and debt.
. Politicians who attempt to tax their way out of debt will find there is not enough tax money in the world to cover their promises.
. Higher taxes will dampen economic growth, compounding the debt problem.
.Politicians in Washington will attempt to buy your votes with "benefits" that they will claim "someone else" will pay for. In reality, whatever comes from Washington is paid for by YOU and me. There is no such thing as a free lunch.


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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Right now with interest rates at historic lows. Debt has been rendered irrelevent. What is important is "balance sheet optimization". Simple concept. How much is coming in vs. how much is going out. Cost of capital right now bought on debt is cheap. So why do you think Obama is talking about increasing the defence budget?
Good time to improve infastructure also.

I continue to realize that redneck, tp, teabaggers like Gary, get all their information from ridculous sources that base any information on outdated info.

Sorry repugs and teabaggers, you are going to be brought kicking and screaming into reality.

I went to Starbucks this am and watched 3 cars in front of me whip out an iphone6 and pay with, what I thought was Apple pay.

Hey Gary ( and other assorted freaks) you still got cash and lots of ammo? So your cash loses money ( non invested plus inflation ) and your ammo aint worth what you paid for it. Gee Obama didnt take your guns. You boys see the American rifleman mag ( NRA) Claiming that Obama in his last 700 days is going to enact sweeping legislation that will rip the guns out of your cold dead hands. So please send in $500 more and Wayne will send you a personal thanks.

If that is the big O's plan he better get his ass in gear instead of worring about increasing the defence budget.

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

Two things there jbdboy......first for you to claim that our debt is irrelevant is on it's face hysterical and actually sad.
It's progs like you that end governments.
Our debt controls our future.
Our debt is so massive currently that even if we were to address it our efforts would take DECADES to even bring it under control.

Secondly...learn how to spell irrelevant.

http://www.heritage.org/resear...t-impacts-the-economy

Oh...and Salim Furth PhD is a Senior Policy Analyst in Macroeconomics.

You're not!

(one last thing jbdboy, you don't have a clue who you are actually speaking to.)

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Edited: 01/30/2015 at 07:33 AM by Fish Killer

Dan? I have allways thought Gary was Dan. so many trolls, hard to keep up. but hey you are right. I dont KNOW you. Guess what there fuck knut, I dont want to know you, irrelevent pos.

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So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

Well lets see...you were wrong about the national debt being irrelevant and you obviously still don't know how to spell irrelevant.

If I'm so irrelevant then how did I obviously make you out to be a bumbling idiot once again?

It's due to the fact that in fact I'm relevant.

Three strikes and now you're out!

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The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Does this chart indicate a economic recovery?

This prez and his minions have built the largest scheme with the US dollar, ever. Print and loan the money for higher interest to the rich. Rich get richer and poor get poorer.

http://news.investors.com/ibd-...oorer-under-obama.htm


In 2010 a dizzying 93 percent of the additional income created in the country that year, compared to 2009 - $288 billion - went to the top 1 percent of taxpayers, those with at least $352,000 in income. That delivered an average single-year pay increase of 11.6 percent to each of these households.
http://www.nytimes.com/2012/03...even-richer.html?_r=0


http://www.firstpost.com/busin...ch-richer-1271123.html

Yes an opinion piece from Irritable Bowel Daily!  

Obama has tried desperately to increase taxes on the 1%.  No?  

In the GOP trickle down world we'd be funnelling the money to the 1% and cutting their taxes (income, capital gains, estate tax...) as well!

The Sky is falling, the sky is falling. Figures lie and liars figure, so go figure that we cannot accept your figures. Your problem is that you have manipulated and massaged your numbers to suit your talking point so many times you assume that you can accuse any numbers to the contrary of that same criticism. Nope.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.