Reuters-Job loss grift

[DOGS THAT BARK]

http://www.reuters.com/article/idUSTRE6955IX20101007
Job losses in 2009 likely bigger than thought

By Lucia Mutikani
WASHINGTON | Thu Oct 7, 2010 4:21am EDT

WASHINGTON (Reuters) - The economy likely shed more jobs last year than previously thought, but analysts say the undercount by the government should prove less severe than it did during depths of the recession.
The Labor Department on Friday will give an initial estimate of how far off its count of employment may have been in the 12 months through March. The government admitted earlier this year that its count through March 2009 had overstated employment by 902,000 jobs.
Analysts expect a much smaller miscount this time, given the economy's growth spurt in the second half of last year.
The department blamed its 902,000 miss on faulty estimates of how many companies were created or destroyed, and it has not yet made any changes to the so-called birth-death model that produces this projection.
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--on a positive note: Election in less than a month!

 

[MadJack]

welp, we're gonna find out in less than 10 minutes how they can't fudge the numbers again. everything is a lie anymore. everything!

 

[Lumi]

welp, we're gonna find out in less than 10 minutes how they can't fudge the numbers again. everything is a lie anymore. everything!

Thomas Jefferson wrote, ?Every government degenerates when trusted to the rulers of the people alone. The people themselves, therefore, are its only safe depositories.?

The founders of the United States understood the dangers of concentrated power all too well. They lived with it and spilled blood to end it. As a result, they endeavored to create a government, framed by the Constitution, with limited power. Further, they divided those powers among three branches, creating a series of checks and balances.

The founder?s fears were quickly proved valid. The Alien and Sedition Acts passed in 1798, just 11 years after adoption of the Constitution, made it clear that federal power would tend to expand.