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Janet Yellen Says Fed Asset Purchases Will Create 3 Million Private Jobs By 2012, she lies to Americ

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posted on Jan, 8 2011 @ 08:54 PM
She lies, while bragging of job creations and this why,

Since the Obama stimulus for America he promised 3.5 million jobs that would be saved or created, but as December 2010 we stand at a deficit of 7.37 million jobs.

Yes, it seems that Janet Yellen doesn't know how to do math, because since the stimulus was passed we have lost more jobs than created.

The key number however, is December 2010. Drum roll please.......
The just released report shows 130,710,000 jobs.

Let's do the math. 130,710,000 - 134,580,000 = -3,870,000. The president expected to create or save 3.5 million jobs. Instead he lost 3.87 million jobs. That is a whopping deficit of 7.37 million jobs.

Now Janet Yellen thinks the Fed is going to create 3 million jobs by the end of this year. Let's do that math, too. 3 million divided by 12 is 250,000 jobs a month. Does anyone believe that?

Should we add that total to the current deficit of 7.37 million jobs? If by some miracle we do create 250,000 jobs a month does the Fed get credit for them, President Obama, or the man in the moon?

Is president Obama surrounded by dumb appointees or is the appointees that think Americans are dumb.

edit on 8-1-2011 by marg6043 because: spelling

posted on Jan, 9 2011 @ 02:29 AM
Beware of mainstream media companies like Bloomberg (aka BusinessWeek), Reuters and Marketwatch. These are sinister propagandist and liars.

Recent events on jobless data clearly demonstrated their intention to deceive the public. They never bother to analyze the overall statistics from different sources. They just paint rosy pictures blatantly.

The Tucson shooter is the best example of American youth revolting.

posted on Jan, 9 2011 @ 11:23 AM
reply to post by wisdomnotemotion

Yes big news media are deceiving on that you are right, but when you follow how the markets and the government is working you can pretty much come to your own conclusions of how things are either manipulated, sugar coated and fixed to make the government looks good.

The job data and the markets are one of my favorite and to this day is nothing more deceiving that government numbers.

I also been debating on the recent shooting of a politician, and like you I came to the conclusion that in America we the people will be always the losers when confronting with the political elite, that is invincible and always right.

Even the shooting will bring a hoard of more laws where the elites will be untouchable and more unreachable by the regular joes.

I will not be surprised that they will hide for ever behind bullet prof glasses like the pope when trying to win votes from the masses, while we will be forbidden to even look at then in public.

The elite in power will see this attack as not a discontent from the voters but an act of domestic terrorism.


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