Allen West ” How can unemployment drop from 7.7% to 7.6% when only 88k jobs were added?”

united-states-unemployment-rate

by Allen West via Facebook

The jobs report released today is just another example of the Orwellian world in which we now live. How can unemployment drop from 7.7% to 7.6% when only 88k jobs were added – and well below the prediction of 200k? The fact is countless Americans are no longer counted. America’s workforce participation rate remains at an all-time low, and minority unemployment is at epidemic highs. I know, my dear liberal progressive friends hate facts, but surely they hear the printing presses at the Fed? President Obama, if we continue on this path, your Potemkin Village-esque artificial economy is going to collapse.

Congressman Allen West’s Weekly Wrap Up and Highlights of the Week

Dear Patriot,

Greetings to our constituents, fellow Floridians, and indeed all Americans.  It is time again for our weekly update for dissemination.

My biggest concern from this past week is the numbers from the monthly jobs report released on Friday. There is no doubt that we all want to alleviate the suffering of our fellow Americans from this horrific epidemic of joblessness. However, it is the manner by which we are “recovering” that has me somewhat scratching my head.

You see, a savvy Commander always looks for trends and inconsistencies in order to understand the battlefield and develop a sound strategy. In this case, I have been absolutely perplexed with the amount of statistical revisions emanating from the Obama Administration.

Case in point, last year in the final quarter of 2011, October through December, we were initially told the Gross Domestic Product (GDP) growth was at 3%. That number was later revised upward to 4.1%. Two quarters later the GDP growth number for Second Quarter 2012 was reported to be at 1.7%.  Yet, just a month ago that number was revised downward to 1.5%.

The September jobs report put national unemployment at 7.8%, down from 8.1%. Amazingly enough, that is the exact same number from January 2009.

However, there was no change to the workforce participation rate, which remains at a 30-year low at 63.6%. Accompanying that is the fact that the U6 computation, which includes unemployed, underemployed, and discouraged Americans who are no longer counted, remained unchanged at 14.7%.

How is it that the national unemployment rate could drop .3% yet not yield commensurate change in other measurable categories?

In South Florida, we still face very high percentages: Palm Beach County in the mid 9%, Broward County hovering around 8 %, Martin County almost 10%, and St. Lucie County near 13%. We are not seeing this major shift down here in our little piece of paradise.

The Thursday before the monthly jobs report, we were told there had been an increase in first time jobless applications, up from last month.

Regardless of this 7.8% report, the Obama Administration stimulus promised in its projections an unemployment rate somewhere between 5.8%-6% at this point in time. Therefore, we still blew almost a trillion dollars and fell short of designed expectations.

Well, at least we did drop $2 billion from last year’s deficit of $1.3 trillion to come in at $1.1 trillion, according to the Congressional Budget Office. It is still our fourth straight trillion-dollar-plus deficit. Supposedly, President Obama was going to cut that deficit in half.

Remember, the deficit was “only” $458 billion in 2008, President George W. Bush’s last year, and Bush had to contend with a United States House of Representatives run by Speaker Nancy Pelosi and a United States Senate run by Majority Leader Harry “Where’s That Budget” Reid.

10 Key Facts on Jobs and Unemployment:

1. 4.1 Million Fewer Jobs than Projected: In January 2009, the Obama Administration forecast there would be 137.6 million jobs in December 2010. Instead, there were 130.3 million jobs in December 2010. Even 21 months later in September 2012, there are just 133.5 million jobs – 4.1 million fewer than the Administration’s forecast for late 2010.

2. Slower Jobs Recovery than during the Great Depression: This is the only “recovery” since World War II that the jobs lost in the recession had not been recovered by this point. In fact, the recent pace of job creation during the “Obama recovery” has been slower than during the Great Depression.

3. Less Full Time Work: Since January 2009, the number of full-time employees has fallen by more than 600,000 while part-time employment has grown by almost 1.4 million. This means part-time workers account for all of the net employment growth in the Obama years – the opposite of what Democrats predicted when they said their stimulus plan was “likely to move many workers from part-time to full-time work.”

4. Manufacturing Jobs Down: Since January 2009, more than 600,000 manufacturing jobs have been eliminated—the opposite of the Administration’s projected increase of 408,000 manufacturing jobs due to their trillion-dollar stimulus.

5. Ten Times More New Dropouts than New Employees: During the Obama Administration, the number of people not in the labor force has grown by 8.2 million, while total employment has grown by less than 800,000. This means that during the Obama years, new workforce dropouts have outnumbered new employees by 10 to 1.

6. Far Higher Unemployment Rate than Projected: September’s 7.8% unemployment rate remains far above the 5.5% rate the Administration predicted for this month in their January 2009 report on the projected effects of stimulus. Democrats actually predicted unemployment would fall to 7.8% in September 2009 – a full three years ago.

7. Real Unemployment Is Almost 11%: If the unemployment rate included the “invisible unemployed” (discouraged workers who dropped out or never joined the workforce), the September 2012 unemployment rate would be 10.9%.

8. More Unemployed Now than When Economy Was in “Free-Fall”: In September 2012, there were 12.1 million officially unemployed workers. That’s 39,000 more than when President Obama took office in January 2009 – when the Administration said “we were in economic free-fall.”
9. Two Million More Long-term Unemployed: In September 2012, there were 4.8 million long-term unemployed for more than six months – more than two million more than when President Obama took office in January 2009.
10. Economic Misery up 80%: The “Obama Misery Index” shows that unemployment and debt have risen by a combined 80% since the start of the Obama Administration.

This all reminds me of a certain novel, “1984” by George Orwell.

Steadfast and Loyal,

Highlights of the Week:

*met with Riviera Beach City Councilwoman Dawn Pardo to discuss resolution to Army Corps of Engineer permitting to improve economic development for the City waterfront.

*addressed the Palm Coast Association of Health Underwriters on Affordable Care Act and Small Business concerns.

*participated in the New Horizons 5K Race in Port St Lucie; attended the University of Tennessee South Florida Alumni picnic; threw out the first pitch at the Brothers in Arms Saluting our Heroes Softball Showdown.

*participated in the Annual Dunn’s Run 5 Mile race in Deerfield Beach to benefit the Boys and Girls Clubs of Broward County.

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Rep. Allen West “Another Disappointing Month by a Disappointing President’s Failed Polices”

 

(WASHINGTON)—Congressman Allen West (R-FL) released this statement this morning responding to the August 2012 jobs report:

“President Barack Obama and the Democrat party are pleading with the American public to give their party a second chance and the President a second term.

President Obama vows ‘our problems can be solved’ and he just needs ‘more time.’  Presidents seeking to renew their contract by the American people are judged on their record over their first four years in office, however, President Barack Obama wants an ‘incomplete’ and is asking the American people to trust him with another four years to accomplish what he could not accomplish his first term in office.

Although the President uses convoluted numbers to try and prove his policies are helping American families, today’s jobs report and the jobs reports for the past 43 consecutive months tell the real American story.

The hard truth Americans clearly understand is unemployment has remained above 8 percent for 43 months, and there seems to be no light at the end of this tunnel.

Today’s jobs report showing only 96,000 jobs created in August continues to keep America in the weakest recovery since the Great Depression. The labor force participation rate is at the lowest level in 31 years, while 368,000 Americans have been dropped from the labor accountability rolls.

President Obama stated with his own words when he was elected, that if he could not turn this economy around in four years he would be a one term proposition.

American families are being attacked from all sides with the policies of President Barack Obama, with stagnant wages, gas prices and health care costs soaring, and a national debt surpassing $16 trillion that will no doubt be paid back by our children and our grandchildren.

Americans need to ask one question, ‘What will President Obama do differently if provided another four years with no real plan to turn this economy around?’  The numbers simply don’t lie.  The President and his policies are failing America.”

 

Congressman Allen West – Legislative Low Down and Weekly Wrap Up 6/3/12

Dear Patriot,

Greetings to our Constituents, fellow Floridians, and all Americans.  It is time again for my weekly update report to you all, marking the end of another month.

With the end of another month, we have just received another monthly jobs report.

It has never been more evident that President Barack Obama’s policies have failed you, my fellow Americans.  He has taken a situation that was bad and made it catastrophically worse.

This current jobs report marks the 40th consecutive month of eight percent or higher unemployment, the longest sustained period of such unemployment since the Great Depression, and the worst economic recovery in United States history.

Despite assuring Americans that his plans of growing government and raising taxes will help the economy, the President’s policies result in just the opposite as the unemployment rate continues to increase, now at 8.2 percent, and families continue to struggle.

The economy picked up only 69,000 jobs in May, well below even the lowest expectations.  Actually, if the U6 computation for unemployment is used (which includes the unemployed, underemployed, and discouraged job seekers) the rate is closer to 14.5 percent.

President Obama continues to disappoint the American people without any real solutions for how to turn this country around.  Instead, he ignores the dismal reality facing most families.  It is simply unacceptable.

The United States House of Representatives has sent more than 30 jobs-related pieces of legislation to the United States Senate, which continues to sit on Democrat Senate Majority Leader Harry Reid’s desk.  These bills are based upon policies which will enable job creators to get Americans back to work.  However, instead of signing them, the Democrats and this Administration continue to play politics with Americans’ lives.

The President has a clear vision for this country, but unfortunately it includes job-killing overregulation, increased taxes, and a healthcare plan that has already had devastating effects on the economy, before it has even been fully implemented.

Americans deserve a response from President Obama on this very somber jobs report. They deserve a response that does not point the finger or blame, but takes responsibility for the three and a half years of failed economic policies. President Obama has been in office, flying around the country and the world, without anything to show for it in the way of improving American lives or building confidence in this economy.

Any way you look at it, we are suffering though the weakest recovery since the Great Depression. The following figures demonstrate—regardless of what the unemployment rate might be—that the President’s agenda is detrimental for the economy as a whole and especially for the nation’s most vulnerable citizens.

  •  Job Growth Slowest Among Post-War Recoveries: According to data from the Minneapolis Federal Reserve, after the same amount of time following a recession, the average job growth in the past 10 recoveries was 6.9 percent. Under President Obama, jobs have grown by just 1.9 percent.
  • GDP Growth Revised Down, Trending Down: On May 31 the Bureau Of Economic Analysis announced that the economy grew at a 1.9 percent pace in the first quarter of this year, slower than the 2.2 percent rate initially reported. GDP growth in the first quarter of 2012 was down from the 3 percent growth in fourth quarter of 2011. On an annualized basis, GDP growth in 2011 was 1.7 percent, down from 3 percent in 2010.
  • 1 in 2 People are Now Poor or Low-Income: According to a December Census Bureau report, nearly half of all Americans are now classified as poor or low-income as a result of the Obama Economy. The 97.3 million Americans who fall into the low-income category combined with the 49.1 million who fall below the poverty line now equal 146.4 million people or 48 percent of the United States population.
  • Record Number of Americans on Food Stamps: The number of Americans receiving food stamps as of February 2012 was 46.3 million. Today, 15 percent of Americans receive food stamps, an increase of 44 percent since President Obama took office.
  • Half of Recent College Graduates Are Jobless: More than 50 percent of recent college graduates are unemployed. About 1.5 million, or 53.6 percent, of bachelor’s degree-holders under the age of 25 last year were jobless or underemployed.
  • Ease of Starting a Business in the United States fell from 4th to 13th: According to the World Bank’s Doing Business 2012 report, the United States now ranks 13th in the world in the ease of starting a new business and has been steadily declining since President Obama took office. In 2011, the United States was 8th. In 2009, the United States was ranked 6th. It was 4th in 2008 and 3rd in 2007.
  • Economic Growth Lagging Far Behind Historic Recoveries: In an economic failure unprecedented in postwar America, the Bureau of Economic Analysis statistics for the first quarter of 2012 show that 18 quarters after the start of the recession, this recovery has still not matched its pre-recession real per capita GDP level. On average, America’s postwar economy has recovered all lost real per capita income by the 6th quarter after the recession’s start—about a year and a half—while this recovery has still not recovered after 18 quarters—over 4 years.
  • The American People Know that the President’s Policies are Making the Economy Worse: According to a May 21 NBC/WSJ poll, only 33 percent of respondents believe the economy will get better in the next year, down five points from April and seven points from March. In addition, approval of President Obama’s handling of the economy stands at 43 percent, down two points from last month, his worst showing on this question since December. And just a third of respondents (33 percent) think the nation is headed in the right direction. In a May Washington Post poll, 83 percent of those in the poll rated the state of the economy as “poor” or “not so good,” a much higher portion of negative views than at any other time in the 10 years preceding the recession.
  • Total Employment Still Down: While the unemployment rate has fallen in recent months, the actual number of people in the United States with a job has decreased by 322,000 since President Obama took office.
  • Percentage of Working Americans at a 30-Year Low: The labor force participation rate, which measures the percentage of able Americans working or looking for work, was at a 32-year low of 63.6 percent in April. Much of the recent decline in the unemployment rate can be attributed to the historic drop in labor force participation as more and more American give up on finding a job.
  • Youth Unemployment Worst since the Great Depression: The unemployment rate among youth job seekers between the ages of 16 and 19 was 24.9 percent in April. Youth unemployment has been above 23 percent for 34 months, the longest streak since the Great Depression.

The Obama Administration and the media can attempt to spin these facts however they wish, but the facts themselves don’t lie. Every day, more and more Americans are waking up to the truth.

Steadfast and Loyal,

Legislative Update:

– Intelligence Authorization — On Thursday, the House of Representatives approved H.R. 5743, the Intelligence Authorization Act of Fiscal Year 2013, by a vote of 386-28, I VOTED YES.  The bill would authorize the intelligence activities of the United States government for Fiscal Year 2013.  This bill would fund the requirements of the men and women of the Intelligence Community (military and civilian), many of whom directly support the war zones or are engaged in other dangerous operations to keep Americans safe.  These activities are intended to enhance national security, support and assist the Armed Forces, and facilitate United States foreign policy.  This is the principal source of funding for the Office of the Director of National Intelligence and provides resources for the coordination of programs, budget oversight, and management of the intelligence agencies.  On an unclassified basis, the Congressional Budget Office (CBO) estimates that spending subject to appropriations under section 103 of the bill would cost $525 million over the Fiscal Year 2013-2017 period, in addition to the authorization of $514 million in direct spending to the Central Intelligence Agency Retirement and Disability System (CIARDS).
– MilCon/VA Appropriations — Also on Thursday, the House of Representatives approved H.R. 5854, the Military Construction and Veterans Affairs and Related Agencies Appropriations Act of 2013, by a vote of 407-12, I VOTED YES.  The bill would provide a total of $71.7 billion in non-emergency, discretionary budget authority for Military Construction and Veterans Affairs in Fiscal Year 2013, which is the same as the Fiscal Year 2012 level. The bill would provide $10.6 billion for military construction projects, a decrease of $2.4 billion below last year’s level and $573 million below the President’s request. Funding for Department of Veterans Affairs (VA) programs in Fiscal Year 2013 would include $60.7 billion in discretionary funding which is $2.3 billion above last year. In addition, the legislation would provide $54.5 billion in advance appropriations for VA medical accounts in Fiscal Year 2014. Including $74.6 billion in mandatory spending, which does not count against the subcommittee’s allocation, the bill would provide a total of $146.3 billion in budget authority for Military Construction and Veterans Affairs funding in Fiscal Year 2013. H.R. 5854 would contribute to an overall level of discretionary budget authority of $1.028 trillion for Fiscal Year 2013 as contained in H. Con. Res. 112, the Concurrent Resolution on the Budget for Fiscal Year 2013.

Next Week:

 Energy and Water Appropriations (continuing consideration) —  The House of Representatives will continue consideration of H.R. 5325, the Energy and Water Appropriations Act for Fiscal Year 2013.  The bill would provide a total of $32.09 billion in non-emergency, discretionary budget authority for the agencies and programs funded through the Energy and Water Development Appropriations bill. Budget authority in the bill would be a reduction of $965 million or 3 percent below the spending level requested by the President for Fiscal Year 2013 and $87 million or 0.3 percent above the Fiscal Year 2012 funding level. H.R. 5325 would contribute to an overall level of discretionary budget authority of $1.028 trillion for Fiscal Year 2013 as contained in H. Con. Res. 112, the Concurrent Resolution on the Budget for Fiscal Year 2013.

– Additional Appropriations — The House of Representatives is also expected to continue consideration of Fiscal Year 2013 appropriations bills, and will likely take up the Department of Homeland Security (DHS) Appropriations bill and/or the Legislative Branch Appropriations bill. The DHS Appropriations bill would provide $39.1 billion in discretionary funding for DHS, a decrease of $484 million below last year’s level and a decrease of $393 million below the President’s request. The Legislative Branch Appropriations bill, excluding Senate-only items, would provide $3.3 billion, for the House of Representatives, the support agencies of the United States Congress, services for visitors, and United States Capitol operations and maintenance, which is $34 million below last year’s level and $190 million below the requested level.

– Preventing Obamacare tax increases — Also next week, the House of Representatives is expected to consider a package of bills to repeal the onerous 2.3% medical device excise tax (H.R. 436), to restore the ability to use tax preferred health accounts (i.e. FSAs, HRAs, HSAs, and Archer MSAs) for over-the-counter medicines without a prescription (H.R. 5842), and to allow for the payout of unused Flexible Spending Account (FSA) balances, up to $500, at the end of a plan year, as ordinary wages (H.R. 1004).