Rhetoric can't mask unemployment numbers From the

New Post Public Reply Private Reply Replies (0) Message Board
Lmcat

Rhetoric can't mask unemployment numbers

From the CHICAGO TRIBUNE


President Barack Obama tried to rally his party Thursday at the Democratic National Convention, even while knowing the bleak unemployment numbers to be released Friday.  ( Nancy Stone, Chicago Tribune September 6 , 2012 )

So now we know why President Barack Obama was so flat and desperate in his important convention speech from Charlotte, N.C., last week. It wasn't from the strain of comparing himself to Franklin Delano Roosevelt, the Democratic holy ghost of the federal leviathan.

I figure that what plagued him was something else. He had bad news on his mind. And now we know it too:

The August unemployment rate was reported Friday as 8.1 percent — though the real unemployment number that isn't regularly reported is almost two times higher than that, 14.7 percent.

The bleak numbers come in a U.S. Department of Labor report that was released Friday, an indictment of the president's inability to get Americans back to work.

His stubborn insistence that government — and not small business — is the way to grow jobs and the economy has always been wrong. That he keeps insisting, with 88.9 million Americans out of work, has become morally unacceptable.

Government programs and contracts can't get it done. They've never been the way to get it done. They might take care of political patronage, but they're not the way to build an economy. Obama is smart enough to know this. But instead he invokes FDR at his convention, offering promises of what government can do if we only have faith in it.

But after you strip away the rhetoric, what remains are the numbers. They speak too. Even when politicians stop talking, those numbers keep screaming across America, month after month, giving the people of this country little confidence that it'll get better.

The early news coverage Friday reported that the unemployment rate fell from 8.3 to 8.1 percent, with headlines suggesting it wasn't all that bad, maybe even a slight positive for the president. On the car radio as I drove to work, I heard the bad news tossed together with what the Republicans said, making it all seem like just more political bickering.

It wasn't all that bad. It was worse.

The reason the unemployment fell to 8.1 percent was that 368,000 Americans had given up looking for work, bringing the total number of those not in the labor force to 88.9 million people. So the 8.1 percent figure would have been higher if those 368,800 hadn't finally quit on finding a job.

Think on that. They gave up or it would have been worse.

For months now, political writers have cited an unemployment rate hovering above 8 percent. But that's not the real unemployment number, and I wish my colleagues would stop reporting it that way. All that does is measure people who are looking for work.

The more telling number is the underemployment statistic, which includes Americans who've lost their jobs and are looking for new ones while taking a lesser-paying gig, say part-time hours at a supermarket, loading dock, kitchen or warehouse.

If you count Americans both unemployed and underemployed, the statistic is 14.7 percent. That's the one that should be used in news accounts and referred to by Americans. Because it's the number that explains the real anguish of people who are slowly being broken.

And even that percentage is an understatement, since it doesn't include the millions who have simply given up.

The bleak jobless numbers come at a terrible time for Obama, with the conventions over and Nov. 6 fast approaching. But that's the problem with reality. You can't hypnotize it with pretty words and clouds of Hopium. Reality doesn't care. It just comes at you, like the phone call from the boss telling you he's got some bad news.

Many of you who watched the president's speech on TV — as I did with this bum knee that kept me from being at the conventions for the first time in years — saw a different Obama. Some of you thought his rhetoric was spectacular or at least inspiring. But liberal and conservative analysts were equally disappointed and called it empty. Sure, you'll find tribalists and cheerleaders, but there wasn't much there.

It was a lame speech, yes, but I've reconsidered and now think it may have been his most courageous speech.

I'm not saying I agree with it, but thinking on what he knew as he stood there on the stage has caused me to reconsider his desperate delivery. Presidents are routinely briefed on employment statistics before they're released the next day to the public.

So he must have known what was coming Friday, and still he stood there and tried to rally his party, invoking FDR shepherding America through the Great Depression, telling Americans he had faith in them, when what he was really doing was begging America to have faith him, with those job numbers coming at him the next morning. There is courage in desperation.

"We need to fill the hole left by this recession faster," Obama said in a campaign stop in Portsmouth, N.H., after the statistics were released. "We need to come out of this crisis stronger than when we went in."

Only 96,000 jobs were added in August. And some 28,000 of them were jobs in restaurants and bars. So we're talking about kitchen helpers and bartenders and wait staff. And I bet many feel they're lucky to have those jobs. Americans once thought of careers. Now we think of just getting paid.

"We know it's not good enough," Obama said. "We need to create more jobs, faster."

No, Mr. President, it's not good enough. It's not good enough at all.

jskass@tribune.com

twitter @John_Kass

Scroll down for more posts ▼

Top 10 Most Recent News Articles

LiberNovo Spotlights Ergonomic Seating at Berlin's IFA 2026

Updated Category News Views 0

LiberNovo Sets the Stage at IFA 2026 If you're poking around Berlin this September, the Messe Berlin is the place to be, especially for those keeping tabs on the consumer tech world. LiberNovo, the ergonomic seating company you might not have had on your radar, is out here making noise. They're throwing down the gauntlet with the Maxis Series, promising a better deal for...

Continue Reading
Why Buyers Are Flocking to Whidbey Island Homes

Updated Category News Views 0

Something's got folks eyeing Whidbey Island like a gambler with a hot tip—and it ain't just the thrill of a vacation spot. Anyone with half a brain knows real estate moves in waves, and right now, Whidbey Island's caught some serious momentum. You can't ignore the pull of natural beauty, access to city life, and that laid-back vibe that seems to whisper "slow down and...

Continue Reading
Shenzhen Media Push: Shaping Asia-Pacific's Future

Updated Category News Views 0

A Metamorphosis in Shenzhen You ever hear about a place that rockets from obscurity to global significance in the blink of an eye? Well, Shenzhen, China is that place. Forty years ago, it was just a quaint fishing village. Fast forward a few decades, and you've got yourself an international powerhouse—a testament to China's rapid development strategy. Shenzhen is now...

Continue Reading
HKC and KOORUI Shine Bright at 2026 Berlin Awards

Updated Category News Views 3

Display Titans Take Center Stage in Berlin Look, in this game of display tech, you either adapt or get left in the dust. At the 2026 Global Product Technology Innovation Awards in Berlin, we saw two names rise to the top—HKC and its acclaimed brand KOORUI. They didn't just show up; they grabbed the spotlight with two major honors. Award Spotlights: A Breakdown HKC took...

Continue Reading
Hisense Showcases AI in Everyday Living at IFA 2026

Updated Category News Views 3

Hisense's Vision: An AI Utopia for Home Take this in: Hisense is cooking something bold at IFA 2026. They're pushing the envelope by integrating AI into our daily grind, promising to change the way we interact with the spaces that matter most. No more just dreaming about futuristic homes—these guys seem dead set on making them our everyday reality. Connected...

Continue Reading
Datavault AI Sued: Investor Rights and Implications

Updated Category News Views 9

Datavault AI in Hot Water: What Happened? When you've been watching markets as long as I have, you learn to spot trouble quicker than a cat on a hot tin roof. Datavault AI Inc., or DVLT as they’re known on NASDAQ, is feeling the heat after some revelations that could peel the paint off a wall. They're under the microscope for allegedly misleading investors about their...

Continue Reading
PureHealth Research Spotlights Simpler Supplement Trends

Updated Category News Views 0

What's Steering the Supplement Ship? Well, if you're paying any attention to the supplement space, you might've noticed something curious: folks are ditching complicated concoctions for good old fashioned simplicity. PureHealth Research, out of Manassas, is throwing the limelight on this trend, where people are handing in their multi-ingredient cocktail for a single...

Continue Reading
TECNO's Modular Phone and Mini-PC Win Big at IFA 2026

Updated Category News Views 1

The Tale of Two Game-Changers TECNO has just scooped up two big-time awards, and I'm here to break it down like no glossy magazine ever could. Picture this: a brand that knows how to keep its foot on the innovation pedal and doesn't shy away from shaking up the tech world. TECNO's got the goods, claiming two prestigious IFA Global Product Technology Innovation Awards this...

Continue Reading
Dr. Rashedi Reveals Laughing Gas Safety for Kids

Updated Category News Views 3

Why Laughing Gas is a Game-Changer in Pediatric Dentistry You ever seen a kid freeze up like a deer in headlights at the dentist's office? I'm telling you, it's not just the sweet tooth nightmare but often the fear of that cold, intimidating chair. But let's talk about a game-changer: laughing gas or, known in the trade as nitrous oxide. Keeping Anxiety at Bay: The Role...

Continue Reading
AVEX Faces Lawsuit Over IPO Missteps

Updated Category News Views 3

Legal Storm Brewing with AEVEX's IPO Disclosures Whatever happened to straightforward honesty in business? AEVEX Corp. (NYSE: AVEX) might have forgotten that chapter judging by fresh allegations in their midst. Investors who bought AVEX Class A common stock between April 17 and June 4, 2026, have been hit with a curveball: a looming class action lawsuit for securities...

Continue Reading

Top 5 Most Recently Viewed Articles

Exploring the Solenoid Valves Market Growth and Trends

Updated Category News Views 85

Growth Prospects of the Global Solenoid Valves Market The solenoid valves market, currently valued at approximately US$ 4,657.6 million, is expected to witness significant growth, aiming for a projected value of US$ 7,802.3 million by 2032. This strong upward trend marks a compound annual growth rate (CAGR) of 5.9% throughout the forecast period. Innovations and...

Continue Reading
Highlights from the 24th Global Family Office Summit in Miami

Updated Category News Views 261

Successful Gathering of Global Family Offices The 24th edition of the Global Family Office Investment Summit brought together industry leaders, investors, and influencers in a beautiful setting that encouraged collaboration. Held at the luxurious Trump International Beach Resort, this event was more than just a summit; it was a vibrant hub for networking and innovation....

Continue Reading
Papaya Global Teams with AI Firm Reindeer: A Bold Step Forward

Updated Category News Views 7

You ever see a workflow that feels about as predictable as a casino's slot machine? There's one thing constant about the back office shuffle: change. That's exactly what's getting the tech bump over at Papaya Global, thanks to their fresh team-up with Reindeer, an outfit known for wrapping AI around the murkier ends of enterprise ops. Papaya and Reindeer: A Partnership...

Continue Reading
Fennec Pharmaceuticals Reports Impressive Q3 Results for 2024

Updated Category News Views 23

Fennec Pharmaceuticals Reports Impressive Q3 Results for 2024 ~ Achieved Third Quarter 2024 Net Product Sales of $7.0 Million ~ ~ Increasing Momentum and Successful Reimbursement in the Adolescent and Young Adult (AYA) Segment Following Strategic Investments to Drive Awareness of Ototoxicity & Adoption of PEDMARK ~ ~ Strengthened Executive Leadership Team with Chief...

Continue Reading
Annovis Bio Secures U.S. Patent to Transform Acute Neuro Injury Therapy

Updated Category News Views 233

New Patent Enhances Annovis Bio's Neurodegeneration Treatments In a significant development, Annovis Bio Inc. (NYSE: ANVS), a company dedicated to innovative approaches for treating neurodegenerative diseases, has recently been granted a vital patent in the United States. This patent pertains to their pioneering treatment, especially in cases of acute brain or nerve...

Continue Reading