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Don't Be Fooled, The Obama Unemployment Rate Is 11%

“ Teh One's Magic- HOW IT'S DONE ( last June) In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%, the most rapid decline in U.S. history.  That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair. The trick is that when those 5 million are not counted as in the work force, they are not counted as unemployed either.  They may desperately need and want jobs.  They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century the Census Bureau has been counting poverty.  But they are not even counted in that 8.3% unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week. [Forbes Report] Last week the media and their client Administration  went ga-ga over reports that Teh Ones's magic is working.  That it worked is evidenced by the surge in the stock markets. Gird your loins mates, Obamunists will live on ephemeral sound bytes until election day.  Because they can. To wit— Unemployment, economic picture revised, more positive USA TODAY - ‎Feb 9, 2012‎ "A light switch may be going on in corporate America," says Moody's Analytics chief economist Mark Zandi. "The unemployment rate could be headed for 8% or below by Election Day." First-time unemployment claims sink to early-recession levels By Don Lee, Los Angeles Times - February 10, 2012 "The decline in initial jobless claims reflects the slowdown in layoffs at companies as the economy has improved and employers have shown more willingness to keep their workers." Good News continues; People who eat breakast this morning can expect to be alive ”