By design.

My father runs a dental practice and he recently let go of a full-time employee. He hired another one but at only a part-time position, in order to reduce spending. Business is down. No pay raises for the employees this year. People can no longer come in for routine cleanings or more serious procedures.

My father is still doing reasonably well, but if Obama’s health care plan goes through he will retire and sell the practice. He spoke with his accountant and already estimates that health insurance requirements for employee coverage and other potential measures under the Obama administration will increase his costs by over ten thousand dollars.

Excessive regulations and restrictions put a noose around businesses and the economy. In Britain some NHS appointments take so long to schedule that the people pull their own teeth. Screw Europe. I shiver when I think of what could happen here.

http://www.bls.gov/news.release/pdf/empsit.pdf

The revised May to June difference is a 216,000 increase in unemployment vs a Civilian Labor force of about 155M. The increase in unemployment was actually .15%, but they round.

The smallish restatement of May doesn’t bring the 216K up to 467K jobs lost, but they do seasonal adjustments which might be the rest of the gap.

These are long-standing official stats, so it’s unlikely political finagling is involved.

So if 485K equals .005%, then how does 470K equal only .001%?

Of course, it could have something to do with trailing months, i.e., moving baselines – not sure. Will try some research if I get a chance.

So, if we are a nation of 303 million, 10% would be 30.3 million,. 1% would be 3.03 million and 1/10th of 1% would be 303,000.

So how do we lost almost a half million jobs, 167,000 more than 1/10th of 1% of our entire population and the rate only goes up 1/10th of 1%?

Is my math funny or is someone cooking the books?

Sachs names are littered all throughout this, from the beginning in the Clinton admin to end. I contend again the belief that GS is just the cookie jar for the new liberal brigade, amongst whom is Soros and the others who have lots of money growing in the pot. Chances are there is no clear leader or defined supreme ideology but rather several conflicting ones like the environmentalists, the pure financialists, the social philanthropists.

Or Satan’s incarnate just leads the thing. Who knows. Maybe its Saddam Hussein back from the dead.

Unrelated, since the international economic collapse began, the leading European countries that have maintained some sort of fiscal discipline (Sarkozy, Merkel) with their budgets have not suffered nearly as grievously as the Obamanites (Spain, Gordon Brown). The EU has faced a much broader set of challenges to its system over the past 6 months as well, whereas the US is all stress that is Obama-induced – and now we’re decelerating faster than them. That’s just impressive.

Yet, we had 6 months of employment normalcy after that “crisis” had been exposed.

And from the chart Steve showed in the thread on unemployment, the GNP continued to rise for the first 2 quarters of 2008. Other factors were calm as well. CPI was only slightly higher than normal. The market was off, but within historic norms, and corporate profit were still good. Consumer spending was strong as well. The “storm clouds” up to the late summer, were more like fluffy cumulous nimbus puffballs.

When the crisis simply wouldn’t pop, and McCain took the lead in the polls coming out of the GOP convention (thanks to Palin), the Obamy backers couldn’t stand it any more, and decided to create some serious chaos. Market action jumped like a rocket that Monday (Sep 9), and by the next weekend, they had tanked Lehman Bros. On Sep 18th they manufactured a huge run Money Market run which allowed Paulsen to declare the end of civilization would occur if he didn’t immediately get 700B to “save” the financial system.

By Nov 4, the market had dropped 20% (the most ever in the 2 months prior to a national election), they had created a panic in the country as 401K and savings had fallen 35-40%. McCain sank as he clearly decided he didn’t want to deal with the mess,………………..and an easily-manipulated adolscent communist waltzed into the White House.

I hadn’t made the connection with Goldman Sachs until recently, but that is becoming clear now that we know the new GS CEO is collecting his 68M bonus, despite a world/American economy on life support. And the GS connection also explains Paulsen’s motivations, which until recently, seemed mysterious to me. I had attributed the chaos to Soros and unnamed others (including foreign governments), but I think you are right about Sachs. They are as guilty as Soros and the Middle East couontries that conspired to yank McCains key issue by dropping the price of oil by 75% in 8 weeks during the same period of the perfect storm in Sept and Oct 2008.

Half a year later you have TARP and pro-tem blah-blah already taking over the presidency and there’s no sign of a rebound. Ever. Porkulus. Porkubus. Porkuget. Laugh and tax. Now inflation (Bush’s fault).

This is all well and according to plan up in the cabinet.