THE ONE JOBS REPORT NO REPUBLICAN WANTS TO TALK ABOUT...(Spring 2011 GWB Revision)

SAT OCT 06, 2012 AT 12:00 PM PDT
The BLS jobs numbers the GOP won't talk about
by Jon Perr



Republicans and their media water-carriers are apoplectic about Friday's report showing the unemployment rate dipped to 7.8 percent in September as the U.S. economy added 114,000 new jobs. But while many conservatives have been quick to follow in Richard Nixon's footsteps in accusing the career civil servants at the BLS of cooking the books for President Obama by showing more robust employment growth this summer, there is one jobs report no Republican wants to talk about. Because in the spring of 2011, the Bureaus of Labor Statistics and Economic Analysis revealed that the Bush recession was far more severe than the incoming Obama administration knew at the time or Republicans want to admit now.

In late 2008, Barack Obama's transition team led by Christina Romer and Jared Bernstein began planning the President-elect's response to the near collapse of the American financial system that fall. In readying what in February 2009 would become the $787 billion American Recovery and Reinvestment Act, Romer and Bernstein estimated that unemployment would peak at 8 percent with the stimulus--and 9 percent without it.

Unfortunately, only much later did Obama's team--and the American people--learn just how catastrophic the U.S. economic situation was at the beginning of 2009.

the rest:
http://www.dailykos.com/story/2012/10/06/1141081/-The-BLS-jobs-numbers-the-GOP-won-t-talk-about


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