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URL:  http://boards.fool.com/truth-about-jobs-30306146.aspx

Subject:  Truth About Jobs Date:  10/8/2012  4:47 AM
Author:  NailThatJello Number:  410526 of 445518

Why can't Obama bring the corn to the pigs like Clinton could? Putting the Repub case in clear simple terms: "their argument goes like this: we screwed up the economy, Obama hasn't fixed it fast enough, so you should put us back in charge".

On the employer side, the current numbers say that over the past year the economy added 150,000 jobs a month, and revisions will probably push that number up significantly. But isn’t that just because people have given up looking for work, and hence no longer count as unemployed? Actually, no. Remember those aging baby boomers: the fraction of American adults who are in their prime working years is falling fast. Once you take the effects of an aging population into account, the numbers show a substantial improvement in the employment picture since the summer of 2011.

Leading the charge of what were quickly dubbed the “B.L.S. truthers” was none other than Jack Welch, the former chairman of General Electric, who posted an assertion on Twitter that the books had been cooked to help President Obama’s re-election campaign. His claim was quickly picked up by right-wing pundits and media personalities.

It was nonsense, of course. Job numbers are prepared by professional civil servants, at an agency that currently has no political appointees. It is, quite simply, frightening to think that a movement this deranged wields so much political power.

http://www.nytimes.com/2012/10/08/opinion/krugman-truth-abou...
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