The Bureau of Labor Statistics contains statisticians and economists who pride themselves on their work, and have a firewall to prevent any doubts about their work.
But it is easy to condemn government ‘bureaucrats”, and Republicans have now promoted a conspiracy theory, that Barack Obama is manipulating that revered agency, setting up lower unemployment numbers just in time for the Presidential Election of 2012. This is the theory promoted by Congressman Allen West of Florida, Senator John McCain of Arizona, and other irresponsible Republicans, angry over the dramatic drop in unemployment from 8.1 percent to 7.8 percent, the first time unemployment has been under 8 percent since the Obama Presidency began, and occurring just a month before the election.
So when more people gain employment, that is bad news, as it works against the Republican attempt to prevent Barack Obama from having a second term in the White House. It also shows the contempt of the Republican Party toward those who are unemployed! Instead of celebrating the wonderful event, instead besmirch hard working, loyal federal government employees as Obama lackeys, tainting the whole Bureau of Labor Statistics!
But think about it: Why, if the Bureau of Labor Statistics is being controlled by Obama, did it take until now to bring unemployment numbers down? It could have been done a year ago, so as to make the Republican campaign more difficult, instead of giving them the economy issue that they could hold over the head of Barack Obama constantly! The whole concept of collusion is so preposterous that it reflects badly on West, McCain and others!
One could excuse the West statements, as he is a well known whacko in trouble in his Florida district, as his Democratic opponent, Patrick Murphy, is leading in many polls. But for McCain, Barack Obama’s opponent in the Presidential Election of 2008, it again indicates the dual personality of the Arizona Senator—sometimes responsible in his utterances, and other times, totally loony and nutty—a good sign that maybe McCain should resign, as his behavior is truly embarrassing, and maybe he should just retire and enjoy his family, and stop his reckless, conspiratorial accusations, with no backing, which embarrass him and remind us that his prime is past!
As has been commented by others, the true answer is that EDUCATION is the best way to bring down unemployment, and that there are seasonal variations up and down in unemployment. The idea, that employment numbers are finally starting to improve greatly, should be celebrated by any patriotic American, who should be happy that unemployment is down and employment is up!
But the Republicans only see it as politics, since they refuse to take responsibility for the fact that it was under their watch that the Great Recession occurred, just as was so with the Great Depression eighty years ago! George W. Bush was the updated Herbert Hoover, without the integrity and intelligence of Hoover!
And again, a reminder, EDUCATION is the best guarantee of employment. So Asians have an unemployment rate of 4.8 percent last month; whites have 7 percent; Latinos have 9.8 percent; and African Americans have 13.4 percent. Also, college educated have an unemployment rate under 5 percent, while high school graduates are almost double that rate, and dropouts even higher!
So instead of complaining, what Republicans, Democrats and everyone who is independent should be doing is promoting EDUCATIONAL opportunities as the way to insure the future of the American economy!
They are in deed turning themselves inside out. Great analysis Professor!