How Close Is Obama's Goose to Being Cooked?

[Supply Sider]

The May jobs report was very poor. The unemployment rate ticked up, and the economy only added 69,000 jobs. That's not the worst of it, though. The labor participation rate has been in free fall since 2008. The labor participation rate is, in many ways, a better indicator of job market performance than the unemployment rate. The latter only counts a person as unemployed if they are still actively seeking work. The former is the percentage of the work-eligible population that is actually employed.

As people stop looking for work and thereby drop out of the labor force, they're no longer counted as unemployed. A gain of 69,000 jobs isn't sufficient to keep pace with population growth. It means that, for every one job that is added, multiple people are dropping out of the labor force. There are several months between now and November, but if future jobs report mirror May's, Obama is highly unlikely to win reelection.

http://www.cato-at-liberty.org/more-...yment-numbers/
http://www.foxnews.com/politics/2012...cal-indicator/
http://static.seekingalpha.com/uploa..._p110806_3.png

[erdawiro]

His goose is months away from being cooked but the oven is certainly preheated.

[JBond]

If they counted the same number of people in the workforce as under Bush, the rate would be around 11.2% The games they play with the numbers will fool some of the folks, but those that know and understand the real numbers were not going to vote for Obama anyway. The people that do not understand the games being played or do not care what is done to make their guy look good are going to vote Obama. The blame Bush playbook is alive and well as we saw when Bush went to see his portait unveiled at the WH. Obama has no class. I was not surprised he pulled that crap.

It will take several factors coming together to defeat the worst modern day president. One, the stupid little college pukes who have now grown up, graduated, and are looking for a job will begin to understand the horrific mistake they made. The other factor which will be bigger is those that voted based solely on race will hopefully come to their senses and realize voting based on skin pigment is an asinine way to conduct yourself. Of course the voter fraud sponsored by Obama and his minions will still be an issue, but I hope the days of corrupt government sponsored groups like ACORN influencing elections is coming to an end. Obama could always dispatch his black panther goons like last time, but most people are now aware of how they operate so that should not be a huge factor.

I still worry about the Soros voting machines in key swing states. That alone could be enough to tip it to Obummer.

[a_minimalist]

His goose is months away from being cooked but the oven is certainly preheated.

Questionable, I'm voting for Romney but I don't think it is a either candidate. It'll most likely get ugly and be a pretty close election. I can only hope Obama isn't the president afterward.

[Cajuncowboy]

Questionable, I'm voting for Romney but I don't think it is a either candidate. It'll most likely get ugly and be a pretty close election. I can only hope Obama isn't the president afterward.

I don't see the country surviving another four years. The great American experience will be over. Just as Obama wants it to be.

[erdawiro]

I don't see the country surviving another four years. The great American experience will be over. Just as Obama wants it to be.

::eye roll::