Steven Crowder illustrates the long term effects of Socialism.
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Mike “Mish” Shedlock does a daily blog commentary on the global economic situation, which is quite balanced and strongly recommended.  He is a skeptic and digs for motivations and the truth.
Today’s post has an excellent analysis on how, with the loss of 11,000 jobs in November, total unemployment actually went (???$!#$!@) down?  How is that possible?
In regards to the economy, the jobs picture presented on Friday was a mirage. One even has to wonder if the BLS is purposely playing games knowing full well a massive revision in the January numbers (coming out in February), will subtract 80,000 jobs a month for a full year.
I doubt the unemployment rate is under 10% a year from now, or even two years from now, unless the BLS numbers show large declines in the labor force (as they did in the November Employment Report on Friday).
The actual figures …
Here is his analysis:
Unemployment dropped by .2% even though 11,000 jobs were lost and it should take at least 100,000 jobs just to keep up with demographics. Instead note the drop in the civilian labor force by 98,000.
Moreover, those “not in the labor force” rose by 291,000 constituting nearly all of the decline in unemployment.
That drop in the labor force is not normal to say the least. It should have risen by 100,000 minimum.
Naturally, our hot-air president used this numerical manipulation as a talking point for the success of his stimulus program.
More bloggers are beginning to question the accuracy and transparency of this manipulation. Â TPM headlines their post: “We Just Counted Less Unemployed People“, and offers an untampered statistic putting unemployment at 12%!!
Why should we trust the government figures when all aspects of data and communications are politicized? We shouldn’t. Dig deep and believe your gut. This is rot of the core!
In any case, the number of people out of work is so high that it will be impossible to stem foreclosures and have a strong recovery, if any recovery at all.  Of course, will Obama and the Democratic congress get out of the way, lower taxes and regulations, and let the economy recover … or will they …
Dig us deeper into debt with Government job creation efforts?  As I mention before, the eggheads in this administration think they alone can solve all the nation’s problems.  So the Washington Post reported yesterday.
“The president thinks we should and must do everything in our power to create an environment for job growth and job creation,” White House press secretary Robert Gibbs told reporters Friday morning. When asked whether Obama will back the use of bailout funds during a speech about the economy next Tuesday, Gibbs said, “It’s certainly being looked at. Yes.”
Plato said:
The price good men pay for indifference to public affairs is to be ruled by evil men.
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News is now emerging that Bernanke is lobbying for his new term as head of the Fed, and will be re-nominated by Obama today.
As I noted previously, Bernanke has been wrong in his outlook and prescription for the economy since 2005. Â How sure can we be that his current prescriptions for the financial crisis will be the cure? Â The even bigger question is: how likely is it that government intervention at such a scale can possibly get it right?
I am afraid we can be sure that the Fed will continue to be the problem, and will continue to destroy wealth for everyday Americans, while supporting constituencies: its members and the government.  (Members benefited from the  Fed bailout — look at the NY Fed roster – GE, JPMorgan, etc.)
The Fed and its system is an enormous government intervention that we have had now since 1913. Since it was created, it shifted control of money and interest rates to the government. Â Since then, we are assured of wild booms and busts, and persistent inflation. Â The Fed cannot be neutral, as it is a government controlled body. Â So it bends policy to befit its members, and to support government spending.
The Fed members are a closed shop of financial and government appointees, even though the theory was that The Fed was supposed to be independent of government. With so much government control of banks, the banks, who elect members, are under the thumb of government to pack the Fed’s 12 regional boards.
So yesterday, we have  Denis Hughes, president of the NY AFL-CIO joining the New York Fed! AS THE CHAIR!  Welcome Labor to control of interest rates!  What ever happened to free market for money?  I guess we will not see that until we abolish the Fed, which is unlikely to happen.
The Fed is generally regarded as a positive and stabilizing force in the economy, but trust me, they are an insidious and destructive government intervention … and they almost always get that intervention wrong.
Fasten your seatbelts.
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This YouTube Video clearly shows that the Fed had NO IDEA that the actions they were going to take were going to tank the economy.
Listen carefully:
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