Unemployment Rate sans Smoke and Mirrors
For all our liberal members of AP who wish for you to believe Obama's US Bureau of Labor Statistics' unemployment rate of 8. 2% is accurate, please read the article I have attached to this post.
As I have pointed out in earlier posts the unemployment rate has decreased primarily due to a decrease in the US labor force as defined by the Bureau, to the tune of about 9 Million people, and not by job creation.
It is not that these 9 million folks are not still unemployed but the Bureau has 'defined' them right out of existence as far as the US labor force is concerned. The Bureau has managed to reduce the unemployment numbers from over 10% to 8. 2% and is attempting to project a continued downward trajectory for unemployment by simply reducing the labor force by changing a 'definition'.
Esten, liberals and the Obama administration attempt to explain away this 9 Million person reduction in the labor force as the Baby Boomers moving into retirement. The article points out only 26% of those 'defined' out of the labor force by Obama's Bureau of Labor Statistics are in the 55 and above age bracket, while the remain 74% of those 'defined' out of the labor force by the Bureau are in the 16-54 age bracket. The folks I know who are between 55 and 65 are still working until they qualify for Medicare, but that's a story for a different day.
While this pretty much blows up Obama's assertion all the folks are Baby Boomers retiring, the Obama Bureau of Labor Statistics adds insult to injury by making the cynical judgment that the job situation has been so bad for so long the 74% of folks of that 9 million who fall in the 16-54 bracket are being scrubbed from labor force since they have no hope of finding a job.
Interesting reading and very straightforward without the psycho babble / static smoke and mirrors used by the liberals, you know like counting the Medicare funds twice: once as a cut then as revenue.
Those 9 million folks Obama's US Bureau of Labor Statistics made vanish from the labor force are sure as hell going to reappear on Election Day!
[url]http://danielamerman.com/articles/2012/WorkC.html[/url]
10,000 Baby Boomers retire every day
That's what John Boehner said in a television interview last September.
[QUOTE]"We have 10,000 baby boomers retiring every day. Its time for us to get serious about ensuring that these programs are going to be there for them."[/QUOTE]
Politifact checked that statement out and ranked it as completely true.
[url]http://www.politifact.com/ohio/statements/2011/sep/26/john-boehner/house-speaker-john-boehner-says-10000-baby-boomers/[/url]
Retiring baby boomers are by no means the only factor influencing the LFPR. But it is certainly a factor, and probably a significant one.
Gee whiz this is fun, isn't it?
Doppel's article is from a blogger who uses his own metric "Workforce Participation Rate Change" to arrive at the 74% being from the 16-54 age group. Google this term and you'll get one hit. It's not an official statistic. I see this gentleman has a bunch of books and dvd's for sale too. Sometimes, these bloggers make claims nobody else is making to draw attention to themselves. Regardless, the 16-54 group would be the most likely to resume looking for work, in which case they'll be counted in the official unemployment rate. We can watch in the months ahead whether there is or isn't a surge of job seekers back into the labor market.
BTW, it's not the "Obama Bureau of Labor Statistics", it's the "Bureau of Labor Statistics". There is no manipulation, BLS has been using the same method to calculate the unemployment rate for 30 years.
Now Hold Up There Big Fella
Esten, John Boehner is a congressman, not a CFP, economist, statistician or even an accountant. I doubt he has anything to backup his claim.
I also don't really consider PolitiFact to be the end all of fact checking, particularly in this case. An excellent example of this was their rating of Obama's claim the US has only 2% of the worlds reserves, a number which has not changed since the 1940's as it refers to Proven Reserves. Folks in the energy business have successfully refuted this number due to advances in technology, discoveries of new fields, and rehabilitation of existing fields through technology increasing the US reserves from 2% to 26% of world reserves.
So what was PolitiFact's rating of Obama's statement it was partly true and partly false. Wow does not mean it's more lie than truth. Face it Obama never let the truth stand in the way of a good campaign speech or sound bite!
[QUOTE=Esten; 421747]Regardless, the 16-54 group would be the most likely to resume looking for work, in which case they'll be counted in the official unemployment rate. We can watch in the months ahead whether there is or isn't a surge of job seekers back into the labor market.
BTW, it's not the "Obama Bureau of Labor Statistics", it's the "Bureau of Labor Statistics". There is no manipulation, BLS has been using the same method to calculate the unemployment rate for 30 years.[/QUOTE]Esten, even you do not dispute the persons falling in 16-54 bracket of long term unemployed have been dropped from the 'unemployed' figure to get the magic 8. 2%. Since these folks still don't have a job did they just vanish? They are still unemployed just not being counted due to the Bureau's change in 'definition' therefore making the unemployment number look better than it really is. Face it Esten, you like the 8. 2% number regardless of if it is true or not since it serves your purposes.
Esten, please don't insult everyone's intelligence by attempting to convince us the Bureau of Labor Statistics is not being leaned on by the Obama administration to make the unemployment picture look better than it is. If not why change the underlying assumptions for the numbers by changing definitions of who is unemployed when such a change has not been made in 30 years until the Obama admininstration came along.
Health Care Reform Does Not Cut Medicare Benefits
More dodging from Doppelganger.
I've known about CPT codes for a long time. That's beside the point. Focusing on what CPT codes are is a dodge. The current debate is all about the following claim:
[QUOTE=Doppelganger;421589]Esten, perhaps you should revisit the changes in Medicare which are already coming on line due to ObamaCare. Now many tests have been dropped from the approved payment list and when physicians order these test it is now up to the patient to pay if the tests are preformed. I guess you missed the millions being cut from Medicare and shifted to Medicaid.[/QUOTE]This was news to me so I wanted to learn about it. After considerable chasing, we finally learn Doppel was referring to medical imaging. As I've pointed out, there are studies that have demonstrated no significant medical benefit from annual imaging in some cases. In fact, imaging reimbursements have been cut eight times in six years. Was there a recent cut attributable to the Affordable Care Act (PPACA)? Doppel still hasn't provided any evidence of this. The closest he came was referencing a "$500 Billion cut" in Medicare that is included in PPACA. I guess Doppel thinks annual medical imaging was part of this $500 Billion "cut".
Let's look at the facts:
No $500 billion in Medicare cuts
[url]http://bismarcktribune.com/news/opinion/mailbag/article_8307e73a-de48-11df-80ad-001cc4c002e0.html[/url]
[url]http://www.politifact.com/truth-o-meter/statements/2011/jun/16/mitt-romney/500-billion-medicare-obamacare-romney-says/[/url]
[QUOTE]The bill doesn't take money out of the current Medicare budget but, rather, attempts to slow the program's future growth, curtailing just over $500 billion in anticipated spending increases over the next 10 years. Medicare spending will still increase, however.[/QUOTE]You can read the links to see where the savings come from, but they aren't from cutting benefits. This explains how I searched for 2 hours and couldn't find anything linking PPACA with medical imaging cuts. What I did learn is that by reducing the future rate of growth in Medicare spending, PPACA delays a projected Medicare Part A shortfall from 2016 to 2024. Sounds like just the kind of thing conservatives have been telling us we need to do.
Go back and look at Doppel's original statement (quoted above). Then follow his series of responses. He started with deception and ended with dodging. Just another conservative spreading misinformation on the internet.
Still don't understand the dynamics do you
Esten, I have to give you credit, you at least looked at the information, sort of. Again we are back at the point of you not understanding the material or medical coding.
I will make this simple so even a liberal can understand. Procedure codes which still appear must be linked with diagnostic codes. While a specific procedure code maybe paid when submitted with one diagnostic code it may not be when submitted with another diagnostic code. Understand? The cuts are made by removing procedure codes and / or diagnostic codes from what will be paid.
Now is there a specific listing from all the procedure and diagnostic codes which have been eliminated by ObamaCare? Of course not and if you don't know this you should. They are not about to publish a listing of specific care cuts, makes it too easy for people to target them and complain. What Medicare / CMS does is publish the revised lists each year and each specialty and / or healthcare service provider reviews what is or is not paid based on the scope of services provided and the associated diagnostic and procedure codes used to bill. Third parties usually ferret out the minutia and publish for specific providers.
If you think this is sneaky and convoluted, your right! This is how it works and how the shell game is played by Federal Healthcare.
Sorry your stab at the procedure regarding the heart condition was not very close and do you now understand the other half of the question you have not answered? I am disappointed you did not address the chest x-ray, it should have been very easy to located.
Love you like a read headed stepchild
Esten, read what you post links to. Chest X-Rays for lung cancer screening does not reduce mortality when the cancer is found in it's late stages. Duh!
Chest X-Ray is still one of the primary tools used to diagnose the condition in its early stages when it is treatable. Chest-X Rays are also used to monitor as well as MRI for post surgical, radiation therapy and other treatment s used for lung cancer. Here is a link for you.
[url]http://www.cancer.gov/newscenter/pressreleases/2005/plcolungbaseline[/url]
If you want the last word in the conversation go to the MD Anderson site, after all they are one of the leading cancer research and treatment hospitals in the nation.
I guess the next thing you are going to tell me is ObamaCare is not gutting the Medicare Advantage program, which the Democrats passed additional funding for the Advantage program so cuts won't kink in during an election year.
This is all going to be a moot point in June when ObamaCare is struck down by the Supreme Court. Wonder how the Anointed One is going to handle the double whammy of the Court slapping down his healthcare grab and upholding Arizona's immigration law?
Monger on Dude!
Unemplopyment 8. 1% or 14+%
I love the way the BLS reports the new 'drop' in unemployment from 8. 2% to 8. 1, while the real rate is still over 14% The Wall Street Journal lays it out pretty simply, here is the link:
[url]http://blogs.wsj.com/economics/2012/05/04/why-did-the-unemployment-rate-drop-7/[/url]
A good analogy of the BLS's reasoning when it comes to unemployment would be:
As the Titanic is sinking. 60% of the ship is underwater, but then the ship breaks in half and the portion under water slips away leaving the other half sill sinking but now more out of the water than under.
BLS would say we are no longer 60% under water we are only 10% under since we are not counting the half that just broke off!
Just as BLS is not counting the folks who are long term unemployed and ran out of benefits, but are still unemployed and wanting a job.