State & National News

U.S. Chamber misstates unemployment prediction…or leaves out a few details.

February 13, 2012 has caught the U.S. Chamber of Commerce misleading the public. The group claims in a TV ad that the Congressional Budget Office says unemployment “could top 9 percent in 2013.” Instead, the CBO’s “alternative fiscal scenario” — which considers the impact of Congress acting as it has in the past — projects next year’s unemployment rate could range from 7.4 percent to 8.9 percent. Read more.

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  • The devil is in the details February 14, 2012 at 1:58 pm

    That’s the plan, right?

    To cause the parties and candidates to point fingers at each other, to blame, to look back instead of looking forward to how in the heck we are going to come out of this mess, or are we?

    There is nobody willing to state: the buck stops here.

  • chip chism February 14, 2012 at 1:33 pm

    “I don’t know about you, but I consider lying to the American people on a daily basis to be unworthy of my President.”

    So how did you cope from 2000-08?

  • Wayne February 14, 2012 at 1:02 pm

    42,000,000 million on foodstamps.That is a high percentage of people either under employed or not working at all.

  • Ross Calloway February 13, 2012 at 7:46 pm

    The Chamber mis-stated a prediction? No, what they are dealing with is reality. Obama will raise taxes one way or another. Obama will not reduce spending. They operate on the irresponsible ‘baseline’ budgeting scheme. Under that fairytale accounting scheme, if the government said that it would spend the same amount next year as this year, and maintained that same level of spending (which is a record high) for the next 10 years, the CBO would call that a 9 trillion-dollar cut. Obama will not maintain Medicare payments. He’s already cut Medicare by $500,000,000. I find the administration’s flat-out fraudulent 8.3% unemployment numbers just a tad worse and for two reasons. First, it’s a fraud. Second, that the President would lie to the American people about it. Nothing against college students, but why do you think it is that our President can’t speak in public unless it is to college kids or a labor union audience?

    If you like that 8.3 percent number. Try 16.2%. That is the un-adjusted (w/o the fraudulent numbers game) percentage of real unemployment for January 2012. Up a full percentage point from December 2011. The BLS calls it the U-6 number. The fact is here in the BLS’s own report:

    I don’t know about you, but I consider lying to the American people on a daily basis to be unworthy of my President.