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Today I saw a slew of Mitt Romney adds lamenting the state of the economy, and specifically contending that the unemployment rate is over 8%. Except, that's false. Anybody who has remotely been paying to the news would know that the unemployment rate has now dropped to 7.8%, the lowest level in four years, palpable evidence that Obama has broken the back of the recession and brought about the current upward trajectory of our recovering economy.

Except, Romney is somehow unable to adjust to this new economic reality. His ads still complain of unemployment being above 8%, as though he has nothing else to say, no other argument for his candidacy. And that argument is gone.  Now it may be that for a multi-decamillionaire like Mitt Romney, the real economic situation eludes his understanding. His life is just as luxurious, his horses are as well manicured, whether unemployment is 12%, where it was headed when Obama took office, or if it drops to the 4% Obama's leadership is on course to reach. So maybe that's why Romney has trouble with the numbers, trouble pivoting away from a now clearly and absolutely false-message. He simply cannot escape from his bubble of ignorance of the lives of regular Americans.

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Comment Preferences

  •  He cannot tell the truth! n/t (0+ / 0-)

    Float like a manhole cover, sting like a sash weight! Clean Coal Is A Clinker!

    by JeffW on Wed Oct 10, 2012 at 09:19:10 PM PDT

  •  Dem Bones "on course to reach 4%"?? (0+ / 0-)

    When was the last time the unemployment rate in the US was at 4.0% or lower?

    "let's talk about that"

    by VClib on Wed Oct 10, 2012 at 10:46:24 PM PDT

    •  Found the answer (0+ / 0-)

      The unemployment rate was at 4.0% or lower for all of 2000. Prior to that the unemployment rate was under 4.0% for all of 1969 and for the month of January 1970. So in the last 40 years we have only had one year, 2000, at or under 4%. It's a very admirable goal, but I think people would be thrilled if we could get to 5%.

      One of the issues with the current BLS U3 is that 7.8% is the result of some new jobs, but also millions of people who have dropped out of the workforce, which artificially lowers the number. There are fewer people working now than in January 2008 and had the number of people in the workforce remained the same as January 2008, the U3 unemployment number would be 12%.

      http://data.bls.gov/...

      "let's talk about that"

      by VClib on Wed Oct 10, 2012 at 11:00:46 PM PDT

      [ Parent ]

      •  Actually, VClib - You've got it backward. (1+ / 0-)
        Recommended by:
        VClib

        In January, 2008, the civilian labor force was 153,824,000. If you divide that into the # of unemployed in Sept. 2012, 12,088, you would get 7.85% unemployment.
          The labor force, though, has grown.
          The Sept. 2012 civilian labor force was 155,063,000. Divide that into the unemployed number and you get  7.79%, the Sept. unemployment rate.
          The labor force has been growing over the past several months.
           The number of people working in Jan. 2008 was 146,248,000 as compared to 142,974,000 now. BUT Jan. 2008 was the beginning of the recession. Compare to Jan. 2009 when Obama took office: Labor force=153,716,000. Number of employed = 142,099,000. Number of unemployed=11,616,000.

        IOW: The labor force has GROWN by 1,347,000.
        There are 472,000 more people unemployed, but 875,000 more people employed.
          The labor force is bigger and more people are employed than when the President took office.
        http://www.bls.gov/...

        •  dallasd - my error (0+ / 0-)

          Thanks for the great link. I had my date wrong I had meant to write Jan 2009. Interesting that the workforce is almost identical from Jan 2009 to Sept 2012, about 155 million.

          "let's talk about that"

          by VClib on Thu Oct 11, 2012 at 09:23:35 AM PDT

          [ Parent ]

  •  There is something wrong with Mitt Romney. (0+ / 0-)

    He walks like a two year old with a full diaper. He cannot remember things. He lies with a big fat shit eating grin on his face. His affect seems inappropriate or missing.

    I used to be Snow White. And then I drifted. - Mae West

    by CherryTheTart on Thu Oct 11, 2012 at 05:56:20 AM PDT

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