President Bill Clinton, possibly the most polished liar of any US president past or present, while distorting the truth about President Obama’s record since in office, did say something that was both true and important. During his speech at the Democratic National Convention he related that when asked over the years how he manged to have such good economic numbers, he said he always responded with a one word answer: arithmatic. Yes, Bill, arithmatic does indeed matter. And, we would say in Spanish about this administration: “Estos numeros no quadran” _ literally: “These numbers don’t square”; but the more correct translation is: “These numbers don’t add up”. Maybe we should give the Obama administration the benefit of the doubt. Maybe it is not that their math is so bad, as it is that they don’t want to tell the whole arithmatic story. I am not talking about the trivial slips of the tongue like when Joe Biden said the most important word in this election had only three letters _ “jobs”. Well, that is probably close enough for the work you do, Joe. Nor am I talking about Obama¡s little slip this weekend while speaking before a group of manufacturers saying their products were stamped with “three proud words” _ “Made in the USA”. Well, we know that math is not Mr. Obama’s strong suit.
Poor Joe Biden was right about one thing. “Jobs” is the key word in this election. The jobs numbers over the last four years of this President’s term have been horrible, to say the least. Yet, we are constantly being told by Obama and his minions that there has been thirty consecutive months of “private sector” job growth. For the latest month of August the private sector added 96,000 jobs and unemployment fell from 8.3% to 8.1%. Well, there are no lies there unless you consider the way the Bureau of Labor Statistics (BLS) calculates the unemployment number a lie. You see our population is growing. There are approximately 200,000 young people entering the potential workforce every month. So, how does adding 96,000 private sector jobs reduce the unemployment rate? You will want to look at this BLS report. The second line, “Civilian labor force”, shows that 386,000 people dropped out of the labor force; meaning they stopped looking for work _ they have given up. So, the numerator in the BLS calculation of unemployment rate is smaller and the denominator is the same or , as I believe, bigger because of population growth. Therefore the published unemployment rate went down from 8.3 to 8.1%. If you look a little further down on the BLS chart,, you will see a line “Not in labor force”. This number went up in August by 581,000. But, does anyone ever hear these numbers from Team Obama or the MSM? No! They don’t want the voters to hear about those numbers.
Here is a BLS table of the workforce participation rate since 2002:
You can see the workforce participation rate has fallen from a high in 2002 of 66.8% to 63.5% in August of this year. To their credit, Mitt Romney and Paul Ryan and Fox News are telling the public about this thirty year low in workforce participation and how the reported unemployment numbers do not tell the true story. But, friends, I’m not sure “workforce participation rate” is something that registers all that well with the average American voter. I would like, Paul Ryan, at least, do a little digging and tell the voters how many people were employed when Obama took office and how many are employed today. I did a little digging and it didn’t take long to find this eye-popping graph.
Those of you with better eye sight than me can pick off how many millions of people were working when Obama took office. Unfortunately, this graph goes only to 2011. I am absolutely sure that Paul Ryan could bring this graph up to date. In my opinion, that up to date graph is what the Republicans should be showing on television several times a day with a voice over saying “When Obama took office, X millions of Americans had jobs. Today, only Y millions of Americans have jobs.” That is what the American voter needs to hear. Bill Clinton was right. It is about arithmatic. And, Team Obama does not want this arithmatic to see the light of day.
Well, that’s what I’m thinking. What are your thoughts?