The Shiny Object Test - Part 2

The latest shiny object that Obama was holding up for our view was a very one sided agreement with Iran over its development of a nuclear weapon program and world economic sanctions against Iran. You see the sanctions are working and the lopsidedness wasn't to our advantage but to Iran's. Thankfully the French had the common sense to see through the ruse and torpedo that shiny object and send it to Davy Jones's locker. So back to the subject at hand which I started with Part 1 of The Shiny Object Test.

While you need not worry about a test (yes, I saw some sweat break out there on a few foreheads) if you haven't read Part 1 the link is right below. Some of what follows here may not make too much sense without reading, or maybe even refreshing yourself with Part 1. Hopefully at the end of the series you will have a better understanding of the smoke and mirrors you are seeing from this administration about the miraculous Obama recovery. The one that goes on and one and on and...

Well, it really isn't there at all. Maybe out on the golf course?

Lets now examine what is known as the "real unemployment rate" and it isn't anywhere close to 7.3%. That rate rose from 13.6% in September to 13..8% in October. That rate is also derived from the statistics released by the Bureau of Labor statistics (BLS). Think of the real unemployment rate as being reality. Makes sense when you consider it takes into account the broad measure of employment, or unemployment depending on your view. It is the measure of the number of people 16 years old and above actually "looking" and in the hunt for a job currently.

People, at times, may see me reference the U6 unemployment rate. That is the "real" number to look at and not widely disseminated by either the BLS or the Lame Stream Media at this time. It includes seasonal adjustments, all the unemployed and adds in people who are "marginally attached" to the work force. It also adds in people who are employed part time because sufficient full time jobs aren't there to be had.

The snapshot taken by U6 is a much broader, clearer picture of who is ready, willing and able to work but cannot find gainful employment. So where does the Obama administration rank since he took office? Not too well.

The U-6 unemployment rate rose from 14.25% in January 2009 to a high of 17.1% in October, November and December 2009. The same rate applied in February, March, and April of 2010. The rate never fell below 14% until March 2013. That's when it hit when it hit 13.8% which is the same as last months rate. So where is this miraculous economic recovery that is one of Obama's shiny objects? When you look at the broader economic picture it isn't there.

An astute reader may now be wondering what a "marginally attached" worker looks like and how they are weighted. Here's how the BLS defines them:

"In October, 2.3 million persons were marginally attached to the labor force, little changed from 2.4 million a year earlier. (The data are not seasonally adjusted.) Therese individuals were not in the labor force, wanted and were available for work, and looked for a job sometime in the prior 12 months. They were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey."

Sounds like they may be a bit discouraged at that point in their hunt. There were approximately 815,000 discouraged workers among the marginally attached last month, That remained constant from the same time the previous year. Discouraged workers believe that no jobs are available for them in the marketplace. Another 1.5 million who are marginally attached had not searched for work the 4 weeks prior due to reasons like attending school or familial obligations.

Hopefully the next time someone wants to talk the unemployment rate with you at a cocktail party and uses the LSM number you can appear a bit more informed and tell them the reality of the situation, other than by the use of smoke and mirrors and leaving out critical elements of the equation Obama's spiel about job creation is. It is as phony as he is.

I want to leave you laughing after having some brain cramps with information overload. So I offer up this video about the "Obamacar." You can get one the same time you apply for Obamacare if you care to participate in that fiasco. Or maybe you are being forced to. Some federal mandate huh?

Part 3 will cover even more indepth information they don't want you to know.

Vote It," "Like" It, "Tweet" It, "Pin " It, "Share It" With Your Followers. Time to let em read it and keep reading it.

As Always,

The Frog Prince

Doesn't Get Any Better Than This!

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Comments 14 comments

drbj profile image

drbj 3 years ago from south Florida

What a great video, Jim. Do you s'pose some sheeple are already trying to apply for one of these models?

The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

drbj - I actually ran across a couple on FB who are hot on it.

The Frog

tsadjatko profile image

tsadjatko 3 years ago from maybe (the guy or girl) next door

That car, where have I heard that description before? Is it ready to "roll" 'cause if it isn't someone should tell Mr. President so he knows and can delay the roll out. But if the car I have changes can I keep it? I don't want to be found losing it because of assurances I got out of the mouth of a narcissistic, contumacious arrogant charlatan car salesman.

The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

tsadjatko - I assume you know when to hold em and when to fold em? Obama doesn't.

Old Poolman profile image

Old Poolman 3 years ago from Rural Arizona

Jim, I honestly was not aware of this number and I appreciate the knowledge. We all know the other number is pure political BS that means nothing to those who are looking for work.

To those who never look for work, it doesn't matter anyhow.

FitnezzJim profile image

FitnezzJim 3 years ago from Fredericksburg, Virginia

Somebody ought to build a working miniature of ObamaCar and sell it for Christmas, err, I mean, uhh, sell it for the Winter Solstice season. Imagine the potential for statistical comparisons. Whoever made it would likely sell more than six on the first day, even if it just sat there making whirring noises, or only was ready to roll around in circles. Imagine the spin the news outlets could put on that story.

Gypsy Rose Lee profile image

Gypsy Rose Lee 3 years ago from Riga, Latvia

As much as I want to return to the states I'm glad I'm where I am now.

The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

I'm glad I live in Texas GRL. Part 3 will be coming out shortly.

The Frog

tsadjatko profile image

tsadjatko 3 years ago from maybe (the guy or girl) next door

Gypsy Rose Lee, just remember even after Obama declares marshall law you can always come back here through Mexico and over the border so no rush.

The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

tsadjatko - What a comfort to know she can just stroll across the border like everyone else.

Old Poolman profile image

Old Poolman 3 years ago from Rural Arizona

Why wait for martial law? The border is open now......

The Frog Prince profile image

The Frog Prince 3 years ago from Arlington, TX Author

Stu 3 years ago

My new ObamaCar keeps asking me for my income, SSN, list of medicines, statement of political ideology, religion, and advocacy groups I am affiliated with. Does ObamaCar have the legal right to share this information with government agencies?

teaches12345 profile image

teaches12345 3 years ago

Times are very dire and scary... "it was the best of times and it was the worst of times." I think martial law is on the horizon and people are only fooling themselves if they think the government can protect them from harm.

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