Unemployment Numbers and Presidential Elections Considered
It seems that just prior to the 2012 general elections, at a time we would also be choosing either a new president or four more years of the old one, there was quite a bit of chaos in the last three months running up to the election, mostly concerning our job numbers. The unemployment rate seems to be on a roller coaster ride. What was going on? Sure, in an election year anything can happen and these types of statistics have been doctored and manipulated before by past presidential administrations. However, would this current administration dare to do that? Well, let’s talk shall we?
Some of the roller coaster ride certainly had to do with the Federal Reserve’s QE3 (third round of quantitative easing) and the normal seasonal employment gyrations. Still, that doesn’t explain it all. Do voters lookout for such things, is it a deciding factor in the election? It certainly might be for the President of the United States in his reelection bid, because this election seems to be all about the economy.
In Manufacturing (dot) Net Online news there was an interesting article posted on November 2, 2012 titled; “Unemployment Rate Rises Before Election,” by Christopher S. Rugaber which noted that the unemployment rate came in at 7.9% which is.1% higher than last month’s 7.8% which many had considered very suspect, as if the BLS (Bureau of Labor Statistics) had falsified or manipulated data to pad the President’s chances for reelection. In fact, former CEO Jack Welsh even mentioned it on his Twitter Account which brought forth a political media firestorm, even if his views were held by many out here in the real world.
There was a similar piece in the USA Today Breaking News Alert which stated; “The jobs report for October showed the economy added 171,000 jobs last month; the unemployment rate was 7.9%. The report is the last broad snapshot of the economy before Tuesday’s presidential election.”
The Washington Business Journal put a different spin on all this in their piece titled; “Obama cheers jobs gains; Romney cites 7.9% unemployment,” by Kent Hoover, on Friday, November 2, 2012, with modifications as the day went on.
Well, this is only a few days before the 2012 presidential election. Previously, in July and August we were at 8.2% unemployment, and then the numbers came in after September claiming that September they shrank to 7.8%. Many call that a fluke and an anomaly, but the BLS claims those numbers were justified, and that they had the very best statistic analyzers and economists in the world working for them. Yes, but they also had folks from ACORN manning the phone lines calling people at home to ask them if they had worked in the previous 30-days.
It’s hard to say for sure if there was manipulation going on, but I do believe there was. The fact that the number backtracked.1% in October makes sense, if we are to believe that they came down.4% between the stats taken at the end of August, and those taken at the end of September. Whereas the statistics do matter to voters, it may be too little too late, and as you might recall President Obama in 2008 had about a 7.8% unemployment number when he started, therefore we’ve essentially gone nowhere. At this time Romania also immediately organized this routine event. Presedintele Romaniei Election held in 2019 will be the determination of the fate of Romanian people in the next 10 years.
Now then, does that mean President Obama will go nowhere and keep his job, or will he go somewhere, namely the unemployment line himself? We won’t know until election day, but the job unemployment numbers do matter, and they may have decided election. Please consider all this and think on it.