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Author Topic: 7.8% Unemployement - Right Hook!  (Read 3061 times)

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Offline Ballygrl

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Re: 7.8% Unemployement - Right Hook!
« Reply #25 on: October 06, 2012, 08:21:35 AM »
From another website:

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On Cavuto. After the initial excitement of the sci fi 7.8% unemployment figure released by Obama, the market took a second look at the background figures and decided that Obama is lying. Market then gave-back most of the day's gains, realizing that both the employment and the domestic product numbers are terrible.

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I was watching the currency markets when the numbers were released this morning at 0830 EST.

Normally, a change of even 0.1% in the US Unemployment Number will send the currency pairs into huge gyrations, and especially those associated with the US Dollar. The effect may last for hours and rocket prices to new highs/lows - or the massive fluctuations may take the currencies a half hour or so to settle back down to somewhat "normal" behavior. Today? Hardly a blip. It was astounding!

The obvious answer is, the shocking numbers didn't fool anybody (except DU). Everybody all over the globe knew they were phony and acted accordingly. The entire financial world is onto this scam.
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"The nation that couldn’t be conquered by foreign enemies has been conquered by its elected officials" odawg Free Republic in reference to the GOP Elites who are no difference than the Democrats

Offline Rufus2010

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Re: 7.8% Unemployement - Right Hook!
« Reply #26 on: October 06, 2012, 08:26:44 AM »
They were reporting on this on ABC (All Barack Channel) during an insert on the 5 o'clock "news" and the media babe (name slips my mind, nor do I really care) reporting the story was giddy as all get out about this news regarding her savior 0bama. Absolutely nauseating...

To the lurking DUmmies... And you losers piss and moan about Fox being biased!  ::)
Reality Check!

(oh wait you are DUmmies, reality is one of the LAST things you can deal with. Carry on. :bird:)
« Last Edit: October 06, 2012, 08:28:51 AM by Rufus2010 »
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Offline Freeper

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Re: 7.8% Unemployement - Right Hook!
« Reply #27 on: October 06, 2012, 08:34:14 AM »
Quote from: Cruise on October 06, 2012, 12:45:55 AM
I have been following unemployment reports since 2008.  I've never once thought that there was faked data in it.  In fact, I'd usually be the first to admonish conservatives for accusing the data of being rigged.

The reality is yes it is rigged, the part that we hate to bring up is that this rigging is bi partisan. Both parties have used this technique for years when they are in power to make things look just a little better than they really are by only reporting only the people "still looking for jobs". Up til now it has been just slightly fudging the numbers because we haven't seen an economy this bad. Now that the economy is in the crapper when they use this technique it is being seriously fudged. Then we got to yesterday and all of a sudden 873k people magically found work with job gains of 144k.

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I may not lock my doors while sitting at a red light and a black man is near, but I sure as hell grab on tight to my wallet when any democrats are close by.
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