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BLS Unemployment Stats Are Not Working

March 13, 2013

As people give up looking for work, the unemployment rate goes down.

Only in the federal government would that make sense.  Yet the official unemployment rate is reported faithfully by most journalists with little analysis.

Not surprisingly, it was reported as good news last week when the Labor Department announced that the economy created 236,000 new jobs in February, bringing the unemployment rate down to 7.7% -- its lowest level since President Obama took office.

The Obamanomy

February 4, 2013

Anyone who heard President Obama’s logic-defying inaugural address knows that we can expect even more government during term two, but what exactly is his economic plan?  Here’s a sneak preview:

Everyone will work for the government.  The private sector is driven by that ugly thing called “profit.”  So why not eliminate it?  Think of the benefits: