PrintSeptember 27, 2012
Should Mitt Hire Jay Leno and Pat Caddell?
There's an old saying that if you torture the data long enough, it will confess to anything. Proving the point, the Obama administration has put national employment statistics on the Procrustean table, and the poor numbers remarkably now "confess" to an improving jobs situation with an 8.1% unemployment rate -- even as fewer and fewer Americans are actually working each day. Obviously, if fewer folks are working, the jobs stats can improve only if the calculus is severely flawed. And it is. (More on this later.)
This obvious data corruption renders the employment metric useless for its stated purpose, of course, which is to provide a realistic snapshot of the health of the economy. It is now merely a tool of political expedience. If Americans had even a rough understanding of the true employment situation, Obama and liberal economics would be guaranteed a generational defeat this November. This is Team Romney's opportunity, and our future...(Read Full Article)
