dagblog - Comments for "Breathe"

My blog's point was the

Flavius — Sun, 07 Oct 2012 17:30:24 +0000

In reply to Breathe

My blog's point was the disparity between what's really significant and what is media hype.

Subsequently Jack Welch has emerged from his presumably blissful if costly relationship with Ms. former Harvard Business Review editor and has introduced the conspiracy charge.

Ah,old age. He would once have known better. Like me he must have observed how difficult it is to organize business people to achieve an objective even when they are paid to do so and they are operating in the open. Trying to organize a conspiracy within the BLS to possibly sway an election, about which the people involved have differing views sounds approximately like herding cats.

And if those stats affirm

Elusive Trope — Sat, 06 Oct 2012 16:10:22 +0000

In reply to Comes to mind that this close

And if those stats affirm what they feel, see and hear, then those stats become significant politically, esp given that Obama is pushing "things are getting better - stay the course" and Romney is pushing "things haven't gotten better - change the course."

Comes to mind that this close

artappraiser — Sat, 06 Oct 2012 15:52:11 +0000

In reply to "It's complicated" as they

Comes to mind that this close before a presidential election when the economy has been bad for a long time that it's all about what people in swing states feel, see, and hear from friends and acquaintances (like should they know Richard Day's son) and not what government stats say. One or two months of government stats aren't going to change very many minds.

"It's complicated" as they

artappraiser — Sat, 06 Oct 2012 15:39:03 +0000

In reply to So far I've only found the

"It's complicated" as they say:

Erik Wemple : Unemployment-rate trutherism: A taxonomy

He concludes

So before Jack Welch and Stuart Varney want to talk about “mistrust” in unemployment numbers and other such unsubstantiated mush, they’d do well to steep themselves in PSU trends over the years.

However, I will say that when things get this complicated most people will go with whatever spin they trust, whether Jack Welch, Fox News or Obama campaign, and reinforce their views. Instead of admitting to themselves that these individual numbers are so complicated they probably aren't good numbers to use for any kind of predictions at all, neither political or nor financial.

Okay, here are some links

Richard Day — Sat, 06 Oct 2012 11:12:20 +0000

In reply to So far I've only found the

Okay, here are some links

http://newsbusters.org/blogs/noel-sheppard/2012/10/05/number-employed-people-rises-873000-september-highest-december-2008

Here is Andrew Leonard

http://www.salon.com/2012/10/05/jobs_report_stunner/

Here is a note regarding part timers

http://www.newsmax.com/Economy/Jobs-Part-Time-Positions-unemployment/2012/10/05/id/458819

I am on MSNBC RIGHT NOW and they confirm the 873,000 and also quote that nut job in Florida as saying there is a dem conspiracy but also McCain who is an imbecile and has been for almost a decade if not more.

Oh well, what the hell.

So far I've only found the

Flavius — Sat, 06 Oct 2012 11:00:19 +0000

In reply to Nope, they didn't take jobs

So far I've only found the unconvincing explanation that the 800,000 new jobs were people working for themselves. Hmn.

Since I've failed at that assignment I'll try to compensate by providing some background on the leading proponent of the 7.8% conspiracy:Jack Welch, CEO of GE forever.Or at least it seemed that way.

In some quarters he's better known for having divorced his first wife to marry a white slipper attorney and then divorcing Ms. WS in order to marry the editor of the Harvard Business Review who came to interview him and stayed to enjoy his company (De Gustibus). Ms. WS was unamused by this and required Welch to give her an extremely large settlement.

Welch will surely find it more economical to just spread unfounded rumors about the Bureau of Labor Statistics.

Nope, they didn't take jobs

Flavius — Sat, 06 Oct 2012 10:22:16 +0000

In reply to Scarborough was pissed as

Nope, they didn't take jobs away from July and August. These were late reports from companies that -for whatever reason- couldn't file their reports promptly during those months.

I'm completely confused about the 800,000 jobs created in September.I'll check the sources you mention and any other I can think of and report back here.

Finally never argue with a Canadian, we might all want to go into exile there if RomRyan are installed.

Scarborough was pissed as

Richard Day — Sat, 06 Oct 2012 09:30:59 +0000

In reply to Breathe

Scarborough was pissed as hell about these new figures.

Some kid (for me anyone under 35 years of age) spoke up with the 'facts' and I was astonished.

First the new data included 80,000 jobs that were posted to previous months. That was astonishing all by itself since last month? they took some jobs away from July?

Second, there is some tool used by the same organization that involves a polling exercise whereby it was determined that 800,000 jobs had been 'created' in September!

Huffpo and Dailybeast and Washpo (I think) all confirmed this latter figure.

Now Xmas is coming up and retailers are getting ready for the 'coming' Jesus perk in December.

There is something happening here and I do not know what it is; the left is hesitant but the right is FUMING!

My son deals in rental properties besides condo sales and he says:

Dad, there is nothing available out there in real estate.

And other sites note that some corps are buying up property for rental values and the basement as far as real estate values is up!

If that frickin Mitt is elected, there will be 12 million jobs created because of what the current Administration has accomplished.

But if Obama stays in his current office, Obama will get the full and I mean full credit for this phenomena.

I think we are headed into boom times.

No kidding!

What this will mean for the lower--say 40%--is unknown. Whether inflation will kick in and really eat at current SS levels etc due to the national debt; I don't know.

But tax monies will pour in nationally and on the state levels.

At least that is what Carnack tells me!

Thanks. It helps being very

Flavius — Sat, 06 Oct 2012 04:24:18 +0000

In reply to Terrific post. IMO, you are

Thanks. It helps being very old.

Fair enough

Flavius — Sat, 06 Oct 2012 04:06:09 +0000

In reply to This inane and out-of-touch

Fair enough