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FBN’s Gerri Willis on how the Obama Administration is deceiving the public with the jobs numbers each month.
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More bad news on the economy today.
Business hiring is stalling that's according to a private sector employment report we -- -- 1191000.
Private sector jobs last month.
That's far short of estimates -- far short of what the economy really needs to get going.
Now that's despite what the administration is saying about the economy.
The president has really I had a one jobs program that was successful convincing people that they can't find a job.
Adults dropping out of the labor force account for 80% 80% of the unemployment rates dropping from ten.
-- -- to eight point 2% today.
If you can't understand me just take a look at this screen it'll tell you what we mean here people actually working or looking for work is at a thirty year low.
And in spite of this after weeks months years of failing economic policies today Barack Obama leads -- is tied with his opponent in the polls now.
You might be asking yourself how can -- pull this off.
Deception and distraction.
We'll start with the deceptive statistics as you -- every week the government tells us how many people filed for unemployment benefits for the first time.
By looking at where that number goes week to week we can get an idea of whether we're gaining or losing jobs the number is critical the market's move on the data.
Bad news can turn the day into a disaster for your 401K.
In his wisdom the government actually reports the numbers twice.
First as an -- cement then they revised the numbers.
This year we've had fifteen straight revisions higher on the numbers.
Of the last 59 weeks listen to this 58 weeks have been revised higher only one has not.
Now it seems to me like it up perfect world the revisions down -- -- would even now.
But that's not the case here and it's raising serious questions about the credibility of the government's numbers.
Some serious analysts out there are asking whether the department is wearing rose colored glasses or telling us the truth.
But the president's -- way to win in the polls while losing control of the economy.
You gotta say it it's distraction.
Like yesterday while protesters are in the streets rallying against economic issues like household income dropping over 4000 dollars on the president's watch.
He makes a surprise visit to Afghanistan.
And Ali -- lots of that's taking credit for killing bin Laden like this one.
Any reason and cannot in good conscience do nothing.
He.
Took the harder.
Then the more honorable path and the one that.
Produced in my opinion the best results.
All this -- -- despite the fact jobs and the economy are voters voters number one issues.
By a margin of ten to want economic issues trump security and foreign policy.
Afghanistan is the latest distraction for those people watch for Obama to resurrect more of his top -- as we get closer to the election.
Issues that don't even make the list the so called war on women whether -- opponent is a caring dog owner or how many years have tax returns he's released.
-- -- -- don't get deceived and they'll be distracted if you do it you'll have one more DN store Korea of debt.
Five trillion added on the presence watch so far.
That's what I think now we want to know what you think about an issue we discussed at the top of the show should be banks be allowed to pick and choose customer.
