Obama Advisers Say Romney Momentum Is...

Obama Advisers Say Romney Momentum Is 'Myth'

There are 4 comments on the The Wall Street Journal story from Oct 31, 2012, titled Obama Advisers Say Romney Momentum Is 'Myth'. In it, The Wall Street Journal reports that:

Mitt Romney speaks at a campaign rally at Avon Lake High School in Avon Lake, Ohio, on October 29, 2012.

Join the discussion below, or Read more at The Wall Street Journal.

Hillbilly Jack

Deer Lodge, TN

#1 Oct 31, 2012
I guess its a myth that 23 million are out of work.Obama runs up over a trillion in debt a year,47 million are on food stamps and most women living under Obama regine are living in poverty.
bottlecap

Tampa, FL

#2 Oct 31, 2012
The MYTH is about the Unemployment Rate falling.

This is how BLS manipulated the numberts

1http://www.bls.gov/ces/cespre lbmk.htm

In accordance with usual practice, the Bureau of Labor Statistics (BLS) is announcing the preliminary estimate of the upcoming annual benchmark revision to the establishment survey employment series. The final benchmark revision will be issued on February 1, 2013, with the publication of the January 2013 Employment Situation news release.
The preliminary estimate of the benchmark revision indicates an upward adjustment to March 2012 Total nonfarm employment of 386,000 (0.3 percent).
-----

The BLS also adjusted upwards the number of American Jobs for August and September

http://www.bls.gov/news.release/empsit.nr0.ht...

The change in total nonfarm payroll employment for July was revised from +141,000 to +181,000, and the change for August was revised from +96,000 to +142,000.
----------

The BOTTOM LINE is that the BLS made revisions UPWARD amounting to 472,000 new jobs and that was what led to the drop in the Unemployment Rate.

And what makes the jobs report worse, from the same BLS source.

"The number of persons employed part time for economic reasons (sometimes referred to as involuntary part-time workers) rose from 8.0 million in August to 8.6 million in September."

That is tight 600,000 Americans went from full-time to part time work.
bottlecap

Tampa, FL

#3 Oct 31, 2012
Disgusted

Paris, TX

#5 Oct 31, 2012
Spin, spin, spin. Dance monkey dance! Worst President, ever. Even worse than Carter and I thought that would never happen.

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