Wednesday, October 31, 2012

Job Numbers REVISED

So... the NER job numbers have been revised. Apparently the statistical analysis being used was wildly inaccurate They now show that private sector job additions in September were not in fact 162,000, but instead were 88,200. That is one hell of a difference. Further, the job additions for August were not the originally reported figure of 189,000 but instead 76,400. These numbers are significant. They indicate two things. 1) The economic recovery is no where near as strong as previously reported. 2) Obama has failed on the economy. And he has failed badly. He has purchased a sputtering economy at the cost of trillions in new debt.

So far most media outlets are not reporting the above. We shall see what happens on Friday when the October numbers are released..

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