John Ransom

Bdogslo wrote: Ransom is misleading. Obama hasn't manipulated anything. Unemployment is one of many economic indicators, all of which appear to be improving. – in response to Obama Unemployment Magic Trick: Indefinitely Detain 4 Million People from Workforce


I stand by the article.

You may not like it, but I think it’s legitimate to point out that Obama is benefiting from the fact that he’s drawn out this recession. You don’t think his economic folks knew that the survey would show more people qualifying as “long-term discouraged,” thereby deflating unemployment numbers the longer the recession continues?

The real problem, and the one Obama and everyone else ought to be concerned about, is the diminished capacity for output that a long, drawn-out recession is taking on the economy, as noted by my friend and fellow Townhall writer, economist Dan Mitchell. What people should be very concerned about is that 4.4 million people have permanently left the workforce because of the length of the recession. That’s a population number that would qualify as the 26th largest state in the country.

Imagine a state the size of Kentucky or Louisiana not having any jobs. That’s extremely harmful to the long-term future of the country and it will take at least a generation to repair the damage. And Obama praises it as progress?

The point is that the government unemployment number masks what is really going on in the economy. That’s the Obama magic trick, and it always has been.

He makes “investments” in green energy which even the Washington Post says is just graft. He “saves” healthcare by killing healthcare. As long as he continues to use words as a dodge against what he really stands for, people like me will be there calling him out about his real motives.

If you don’t like it, next time trying nominating a president who tells the truth and follows the constitution.

Patches wrote: Obama also deserves the Cy Young award for that pitch he threw! It was a beauty! – in response to Obama Unemployment Magic Trick: Indefinitely Detain 4 Million People from Workforce

Dear Patches,

He’s also playing some of the best linebacker I’ve seen since Joe Mantegna.  

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!