Atlanta is a Welcoming City

by: the Common Constitutionalist

Last week WND  reported that on April 23 Atlanta Mayor Kasim Reed signed an agreement with U.S. Customs and Immigration Services (USCIS) making Atlanta a “welcoming city.”

“Reed became the nation’s fourth mayor to embrace the White House push to roll out the welcome mat for new immigrants and refugees and remove barriers to citizenship. Critics say the program has little to do with creating new citizens and everything to do with creating new Democrat voters.”

Yet is that not one in the same. Does not the conventional wisdom dictate that these new legal residents will be democrats as a rule? Come to America – settle in one of our “welcoming cities.” We’ll give you free housing, food, schooling, etc. Of course none of it is really free, but you don’t have to worry about those pesky details. The city will just raise everyone’s taxes to pay for you. In exchange, all you have to do is register as a democrat and vote as you’re told, when you’re told.

Oh, and don’t worry about any possible backlash from the current city residents. After all, they were stupid enough to elect us.

The three other Mayors who already signed similar deals signed are Rahm Emanuel of Chicago, Eric Garcetti of Los Angeles and Karl Dean of Nashville. read more

Jobs? I Don’t See Any

by: the Common Constitutionalist

The President has come out touting the July jobs number as if it were a great thing. To hear him and his minions speak, one would think Obama personally repaired the economy by adding millions of jobs.

In truth, the anemic economy added about 163,000 new jobs. That sounds like a lot, but is isn’t.  It takes approximately 150,000 jobs every month just to keep up with the population growth.

That leaves a paltry 13,000 jobs added. Still, say Obama and the sycophants, we’re heading in the right direction. Really?

As an aside, if you’ve listened to any news recently, you have not heard that 13,000 job number mentioned, or the population growth requirement. No where, except maybe talk radio. All we hear is the 163,000 jobs number, with not a hint of context.

Speaking of context; how about some more. The unemployment rate (the fake one, or U-3) went up from 8.2 to 8.3%. How can that be if we’ve added so many jobs? Listening to the wizards of smart on TV and radio contort themselves trying to explain the anomaly (that really isn’t) is quite amusing.

“Well Larry, it’s really quite complicated. It has to do with several different surveys and metrics we just don’t have the time for in this segment Just know we’re heading in a positive direction”. “Ok, Professor Poindexter; thank you for that extraordinary insight and your patience with our dimwitted audience”.

In truth, it’s not that difficult to understand. I get it, and believe me, I’m no scholar. While 163,000 jobs added, 150,000 are absorbed by natural population expansion. At the same time the workforce saw 150,000 drop out of it. That 150,000 are the people so discouraged, they just stop looking, so, by complicated metrics we can’t understand and magic, they are not even counted in the U-3 figure. That’s why I say the U-3 number is phony.  

We are left with a net loss of 137,000, but you’ll never hear that, except maybe here. That is why the U-3 unemployment rate ticked up to 8.3. The real or U-6 unemployment number is between 15 & 17%.

For blacks and especially teenagers, the picture is much bleaker, for the U-3 rate for blacks is at 14.1% and for all teens, the number is 23.8%. That means the real rate (U-6)  has got to be around 25% and at least 40% respectively. Wow! And Obama will still get over 90% of the black vote. Amazing. Talk about monolithic.

Real Unemployment = 11.4%, Don’t be Fooled!

From Zero Hedge: Real Jobless Rate Is 11.4% With Realistic Labor Force Participation Rate

One does not need to be a rocket scientist to grasp the fudging the BLS (Bureau of Labor Statistics) has been doing every month for years now in order to bring the unemployment rate lower: the BLS constantly lowers the labor force participation rate as more and more people “drop out” of the labor force for one reason or another.

[EC (Editorial Comment): The Labor Force Participation Rate is a measure of the active portion of an economy’s labor force. The participation rate refers to the number of people who are either employed or are actively looking for work. The number of people who are no longer actively searching for work are not included in the participation rate. In a poor economy, such as this, many people get discouraged and stop looking for employment and as a result, the participation rate, by percentage, decreases.]

While there are some floating speculation that this is due to early retirement, this is completely counterfactual when one also considers the overall rise in the general civilian non institutional population.

In order to back out this fudge we are redoing an analysis we did first back in August 2010, which shows what the real unemployment rate would be using a realistic labor force participation rate.

To get that we used the average [labor force participation] rate since 1980, or ever since the great moderation began. As it happens, this long-term average is 65.8% (chart 1).

We then apply this participation rate to the civilian noninstitutional population to get what an “implied” labor force number is, and additionally calculate the implied unemployed using this more realistic labor force. We then show the difference between the reported and implied unemployed (chart 2).

Finally, we calculate the jobless rate using this new implied data. It won’t surprise anyone that as of December, the real implied unemployment rate was 11.4% (final chart) – basically where it has been ever since 2009 – and at 2.9% delta to reported, represents the widest divergence to reported data since the early 1980s.

And because we know this will be the next question, extending this lunacy, America will officially have no unemployed, when the Labor Force Participation rate hits 58.5%, which should be just before the presidential election.

[EC: Someone, with more clout than I, must pick up this torch & carry it. Do any of our elected officials or those running for office have the courage to challenge these lies?]