The lib media and other shills for the Obama re-election crusade want desperately to keep the narrative on divisive "issues" and away from Obama's job performance over the last three plus years. Unless, of course, they are fawning over misleading data such as the unemployment rate. Then, they will try to make sure there's enough window dressing to hide the true mess we're in now (and how much worse we'll end up on our current path).
You can bet the unemployment rate will be a recurring trumpeted statistic to show how Obama's policies are working. Some mention the shrinking labor force to put the rate in better perspective, but logically, you'd think more people working would help reduce the massive deficit (but it's not). Shouldn't tax receipts really increase for such an improvement in the unemployment rate?
The average unemployment rate over the first five months of fiscal 2012 (Oct 2011 - Feb 2012): 8.5%
The average unemployment rate over the first five months of fiscal 2011 (Oct 2010 - Feb 2011): 9.4%
Wow!! That does seem pretty impressive - significant drop in unemployment rate. Now, here's the Federal Tax Receipts for Individual Income Taxes for the same periods:
Individual income tax receipts during the first five months of fiscal 2012: $425 billion
Individual income tax receipts during the first five months of fiscal 2011: $423 billion
Less than a 1% increase in tax receipts from all these 'jobs that have been created.' Doesn't seem like much of an improvement in employment, does it?
Data was taken from Bureau of Labor Statistics & Dept. of Treasury - Fiscal Management Service reports.
