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March 28, 2012

Fed Chairman Barnanke on Obama's Job Numbers: 'He's Makin' Sh*t Up To Get Reelected'

Topics: Political News and commentaries

Perhaps those aren't Bernanke's exact words ... but that's essentially what he's saying ... and it's crystal clear that the Chairman of the Federal Reserve is puzzled over the Obama administration's figures that are "out of sync" with the realities in the overall economy:

... despite the Obamedia's attempt to paint a sunny picture heading into the November election -- note their relative inattention to Bernanke's speech -- very few new jobs are actually being created during Obama's watch. In fact, the most recent numbers from the Bureau of Labor Statistics, cited by Bernanke, show that the number of people being hired has declined in 2012 -- even as Obama officials reported that unemployment figures came down.

The Obama administration was claiming jobless improvement in a job market that, according to non-Obama sources, was still grim. "American employers put the brakes on new jobs in January," according to Forbes, citing employment firm ADP. And Gallup reported in February that their surveys show new hirings dropped and that "[t]he February score matches those recorded from October through December 2011."

As to the unemployment numbers emanating from Obama's regime, Bernanke noted, "the better jobs numbers seem somewhat out of sync with the overall pace of economic expansion," before concluding, "the job market remains quite weak relative to historical norms." (emphasis added)

Read the whole thing.

So characteristic of our Dear Leader ... simply makin' sh*t up as he goes along ... and hopin' enough Americans will stay dumb and naive enough to keep believing it and give him four more years to finish his transformation of America into a debt-ridden, jobless, nanny state.

Posted by Hyscience at March 28, 2012 11:50 AM

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