DOWNWARD.

I think Obama should change his slogan from FORWARD to DOWNWARD. It seems more appropriate.

Last night, Obama had the audacity (of hope) to say this:

But know this, America: Our problems can be solved. Our challenges can be met. The path we offer may be harder, but it leads to a better place. And I’m asking you to choose that future. I’m asking you to rally around a set of goals for your country— goals in manufacturing, energy, education, national security, and the deficit; a real, achievable plan that will lead to new jobs, more opportunity, and rebuild this economy on a stronger foundation. That’s what we can do in the next four years, and that’s why I’m running for a second term as president of the United States.

We can choose a future where we export more products and outsource fewer jobs. After a decade that was defined by what we bought and borrowed, we’re getting back to basics, and doing what America has always done best:

We’re making things again.

I’ve met workers in Detroit and Toledo who feared they’d never build another American car. Today, they can’t build them fast enough, because we reinvented a dying auto industry that’s back on top of the world.

I’ve worked with business leaders who are bringing jobs back to America— not because our workers make less pay, but because we make better products. Because we work harder and smarter than anyone else.

I’ve signed trade agreements that are helping our companies sell more goods to millions of new customers— goods that are stamped with three proud words: Made in America.

After a decade of decline, this country created over half a million manufacturing jobs in the last two and a half years.

And then today, we get the August jobs report.

96,000 new jobs.

And, in addition to the HORRIBLE jobs report, the last two month’s reports were revised.

Downward. WSJ

Compounding the weak August report, July and June payroll numbers were also revised down. July payrolls rose 141,000 compared with the initially reported 163,000, and June was up 45,000 versus an earlier estimate of 64,000.

Fresh on the heels of the DNC convention, and Joe Biden’s claim that we have “turned the corner”, one would have to be a high as this woman to believe that we are headed in the right direction:

She can scream it all she wants, but the numbers do not lie. Math. It’s hard.

There’s no way to color today’s jobs report positively despite the drop in the unemployment rate to 8.1% from 8.3%. The number of people in the labor force fell 368K from July and those not in the labor force climbed 581K. Meanwhile, the number of people counted as employed in the household survey falls 119K. There is a 250K drop in those counted as unemployed, but those people fell out of the work force and didn’t find jobs.

All of Mr Obama’s hopey-changey words are not going to bring this country back.

One other major asterisk to afix to the jobs data: labor force participation has tumbled all the way down to 63.5%, the lowest level since Sept. 1981, according to CNBC. That’s a long time, and it’s not a good sign for anyone looking to take a positive angle on these numbers.

Labor force participation, for folks watching at home, represent the number of people of working age who are actively employed, or looking for work. It also excludes so-called “discouraged workers,” who have simply thrown in the towel on looking for jobs, either because they aren’t there or because they’re out of their reach.

I wouldn’t think that this would need to be explained, but it does. Last week, someone on facebook told me that not counting folks (in the unemployment number) who were not looking for work anymore (those discouraged workers) “didn’t even make sense”. So I say the following just in case she’s here reading (doubtful):

The unemployment number has only gone down because people have stopped looking for work.

I almost vomited when Obama said this:

America, I never said this journey would be easy, and I won’t promise that now. Yes, our path is harder— but it leads to a better place. Yes our road is longer— but we travel it together. We don’t turn back. We leave no one behind. We pull each other up. We draw strength from our victories, and we learn from our mistakes, but we keep our eyes fixed on that distant horizon, knowing that providence is with us, and that we are surely blessed to be citizens of the greatest nation on earth.

That road we’re traveling on? There have been books written about that road. Quick review:

he Road to Serfdom is a book written by the Austrian-born economist and philosopher Friedrich von Hayek (1899–1992) between 1940–1943, in which he “warned of the danger of tyranny that inevitably results from government control of economic decision-making through central planning,”[1] and in which he argues that the abandonment of individualism, classical liberalism, and freedom inevitably leads to socialist or fascist oppression and tyranny and the serfdom of the individual. Significantly, Hayek challenged the general view among British academics that fascism was a capitalist reaction against socialism, instead arguing that fascism and socialism had common roots in central economic planning and the power of the state over the individual.

Sounds familiar, doesn’t it? We’ve watched it over the past four years.

And he has the nerve to mention “providence”? From a party that booed God the other day? The irony is rich.

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23 Comments on “DOWNWARD.”

  1. mare Says:

    Hey, Pimper, this was pretty good!

  2. Car in Says:

    Thanks mare :)

  3. clintbird Says:

    Me likey. MARE? Are you actually awake this “early?”

  4. Vmaximus Says:

    I have been unemployed for 3 years. I am still looking for work. Frankly I will go anywhere for a job. Even a minimum wage job. If I can work 2 or 3 jobs I can do it.
    A pawn shop that I sold some guns at is hiring.Long story short is I found out they will not hire me because I have a degree and made too much money at my previous job.

    Really? I am desperate you want a smart hardworking employee and when one is standing in front of you asking for work you turn me down because I used to make too much money?????

  5. Car in Says:

    fack, vman.

    But I had some liberals tell me last week that there are plenty of jobs out there, and that the companies they work for cannot fill all the spots available.

    @@


  6. I’m semi-tempted to read this blog regularly.

  7. Vmaximus Says:

    I think they are looking for specialists so that is why they cannot fill the jobs. Like MJ said his company pays well for someone with a specialized skill set.

    I will bet if they offered to train they could fill some of those positions.

    In my field it is Topsy turvy for every job there 40 applicants so why hire a highly experienced person when you can hire a less experienced one for less.

  8. Car in Says:

    Yes, you are probably right. I wasn’t doubting their claims – really – just that it wasn’t really representative of the larger employment picture.

  9. Y Again Says:

    Nice, Carin. …but you’re no Courtney Stodden.


  10. I’ve met workers in Detroit and Toledo who feared they’d never build another American car. Today, they can’t build them fast enough, because we reinvented a dying auto industry that’s back on top of the world.

    Two Words:

    Chevy. Dolt.

    Failure runs deep at Government Motors, whose non-government sales are pathetic.

  11. Car in Says:

    Alas, I am not.

    And I have YOU to blame that I know who that is.

  12. xbradtc Says:

    Reblogged this on Bring the heat, Bring the Stupid and commented:

    My fellow Hostage has some thoughts on the unemployment rate.

  13. PCachu Says:

    And that’s not even pausing to laugh at the biggest howler of the night from Joey Hairplugs, highlighted over at neo-neocon’s place (she wondered, rightly, if whoever approved Joe’s speech didn’t pause to consider it a bit over the top):

    This man has courage in his soul, compassion in his heart, and a spine of steel.

    Here, Joe, you’ve got a couple typos. Let me fix that for you:

    This man has pettiness in his soul, contempt in his heart, and skin of the finest tissue.

    You’re welcome.

  14. Car in Says:

    Cool. Thanks xbrad.

  15. Car in Says:

    PCachu – at least he didn’t mention Obama’s big stick.

  16. Car in Says:

    BIW – GM has made NO changes. They still run their company like the giant clusterfuck they did before.


  17. If Obama is as “great” as he says he is, all of those things should have gotten better by now, no?

    Why WOULDN’T this country want to go with someone who has a PROVEN track record of turning failing businesses into successes, as opposed to someone who turns everything he touches into abject failure?

  18. David Navarre Says:

    Saw this thanks to XBrad. I couldn’t watch that cheerleader for long. I found it very amusing that the one woman with an auto industry sign was waving her Ford sign. Ford, the company that rejected a bail-out, being part of a celebration that likely hurt them far more than it helped. I kept their competitors in the game. Though, on the other hand, with the incompetence displayed at Government Motors, perhaps it helped Ford after all…

  19. pepelp2 Says:

    Hey VMax, my wife just got back from Norway. She said they have 200,000 jobs that need to be filled. Do you speak Norwegian?

  20. Jay in Ames Says:

    Hey look, that unemployment number is at 8.1%. Just in time for it to go down .2 next month, and be under 8 for the election!

    Almost like it was planned that way.

    Nice blog you have here, pimpster!

  21. Jay in Ames Says:

    Reblogged this on Jay in Ames and commented:
    One of my friends has some thoughts on unemployment, and the convention speech at the DNC. She put it so well!

  22. Car in Says:

    Thanks J’ames :)

  23. Vmaximus Says:

    No Norwegian Pepe.
    I will start including it in my searches.


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