Friday, February 4, 2011

Regulation and Manipulation (UPDATE)

Drudge Report did an EXCELLENT job this morning of supplying links that perfectly exemplify the Obama administration’s ‘Energy’ Program:
ENERGY CRUNCH:
NM declares state of emergency over natural gas shortage...
TX residents asked to limit use...
Rolling blackouts for hundreds of thousands...
Outage in AZ...
San Diego shortage...
Usage at record high in UT...
CA utility told to cut pipeline pressures...
SHELL oil postpones drilling in Arctic; Dem Sen. blames White House...
Mexico cancels offer to send electricity...
Obama's Blocking Of New Plants Triggers Nationwide Blackouts?


Our government’s overbearing environmental regulations have stymied our ability to care for ourselves as an advanced society, and once again are leaving us dependent on foreign entities.


Simultaneously, they also reported on the unemployment rate falling to 9%
“Unemployment falls to 9 pct., nearly 2-year low” by Christopher S. Rugaber
http://finance.yahoo.com/news/Unemployment-falls-to-90-pct-apf-1708751437.html?x=0&.v=3
That would appear to be good news…until you realize that numbers are again being manipulated:
“But part of that drop has occurred as many of those out of work gave up on their job searches. When unemployed people stop looking for jobs, the government no longer counts them as unemployed.
The number of people who have given up looking rose to 2.8 million last month, from 2.6 million in December. About one million of those workers said they were discouraged. The others stopped looking because they returned to school or for other reasons….
The number of people unemployed fell by more than 600,000 in January to 13.9 million. That's still about double the total that were out of work before the recession began in December 2007….
In the past three months, the economy generated an average of 83,000 net jobs per month. That's not enough to keep up with population growth.”


Yeah, I’d imagine the unemployment rate would fall when more people give up the job search, as we were reminded earlier this month that the numbers continue to be skewed…
“Unemployment Rate Falls as People Give Up Job Hunt” posted at the Patriot Update
http://patriotupdate.com/1349/unemployment-rate-falls-as-people-give-up-job-hunt


This is ‘prosperity’ in the Land of Hope and Change...I don't know whether to put a question mark (?) at the end of that or an emphatic period (.)...take your pick!

UPDATE:  See, unemployment without 'seasonal adjustment' increased to 9.8% and underemployment is at 18.9%!  They told us to get used to the 'new norm', then they manipulate the numbers to make us 'feel better'...
"Gallup Finds U.S. Unemployment Up Slightly in January to 9.8%" by Dennis Jacobe
http://www.gallup.com/poll/145922/Gallup-Finds-Unemployment-Slightly-January.aspx

And this administration continues to kill jobs in the energy field...for the industry, dealing with these guys is just not worth the headache.
"Shell: No Beaufort Sea drilling in Arctic for 2011" by Dan Joling
http://finance.yahoo.com/news/Shell-No-Beaufort-Sea-apf-844337881.html?x=0&sec=topStories&pos=main&asset=&ccode

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