Does the New 7.8% Unemployment Rate Mean That We Now Live in Soviet Russia?
October 5, 2012 - 6:57 am
Remember all those exaggerated Soviet Union grain harvest forecasts that were supposed to prove how well the Russian communist system of collective farming worked for the people?
Well today in the USA after the news that the unemployment rate dropped in September to 7.8% down from 8.1% in August, our new national motto should be, “We are all communists now.”
Jack Welsh, the former CEO of General Electric said in a tweet:
“Obama Is Manipulating The Jobs Numbers Because His Debate Performance Was Awful.”
Could this be true?
Could our Beloved Leader have instructed his people to manipulate the unemployment rate so close to the election?
Considering only 114,000 new non-farm jobs were added and yesterday there were credible estimates that the unemployment rate would actually rise to 8.2%, someone in the Labor Department has some explaining to do.
So comrades, in the meantime, enjoy all the hoop-la from the “Pravda Press” over this new rate, with just enough rah-rah to overshadow Obama’s pathetic debate performance.
Ironically 7.8% was the unemployment rate when President George W. Bush left office in January, 2009, the highest in his 8 years in office — the average being 5.3% over his two terms. Now that Bush’s highest unemployment rate is Obama’s lowest, can someone explain why this will be seen as such great news for Obama?
I guess 7.8% is just part of President Obama’s “inheritance” from President Bush.