Making 9 Million Jobless “Vanish”: How The Government Manipulates Unemployment Statistics (insurance, economy)
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Again - so?
If and when inflation become a serious issue it will be dealt with the same way it was dealt with in the 1980's - by raising interest rates. The difference this time around is that interest rates are at historic lows - meaning we could double or even triple interest rates - which would likely tame any major inflationary pressures - and the rates would STILL be very low. The fact is the Fed has NEVER been in a better position to tame inflation by raising rates than it is NOW. Fears of runaway inflation are WAYYYYYYYY overblown by the wingnuts.
Ken
Inflation is the increase of the money supply. Inflation figure quoted by government does not include food and gas. The entire problem is the Federal Reserve having all that power. They have been the cause of every single major economic crisis since 1913 by lowering interest rates below free market which causes the mal investment that leads to bubbles.
Inflation is the increase of the money supply. Inflation figure quoted by government does not include food and gas.
You really need to stop getting your "facts" from political talking heads.
The goverment ALWAYS provides inflation numbers including gas and food. The are not part of the "core" inflation rate that gets the most attention, but they ARE part of the inflation numbers released EVERY SINGLE MONTH. Yours is the same kind of BS claims made about the UE rate when you say that the UE rate doesn't include those folks who have dropped off the UE roles when in fact the government publishes that information every single month - it's called the U-6 UE rate.
HERE is the latest government inflation report release. The FIRST TWO items are FOOD and ENERGY (including GAS).
This is not some kind of "secret" information. All it takes is getting off your butt, turning off the political talking heads who seem to be your sole source of "information" and looking for YOURSELF.
I tell you what - I'll make a little wager with you. IF we see "economic collapse and massive civil unrest" before the election I'll post a suffix on my posts for a year that say "Don9 knows all". If it doesn't happen they YOU post a suffix on YOUR posts for a year that says "LordBalfor knows all".
Are you man enough to stand by your silly prediction?
Ken
We've already had some protests with the OWS crowd. Nothing like the Greek riots. A collapse within a collapse isn't out of the realm of possibility. It happened late '36, early '37.
btw When did you predict the housing bubble? The ones who predicted it around 2000 are the people to listen too when it comes to economics imo. The problem is the ones who were wrong before are once again trying to tell others the correct path to take.
You really need to stop getting your "facts" from political talking heads.
The goverment ALWAYS provides inflation numbers including gas and food. The are not part of the "core" inflation rate that gets the most attention, but they ARE part of the inflation numbers released EVERY SINGLE MONTH.
Like you said. It is not those numbers that are quoted. Your first sentence in this post is idiotic.
Quote:
Originally Posted by LordBalfor
Yours is the same kind of BS claims made about the UE rate when you say that the UE rate doesn't include those folks who have dropped off the UE roles when in fact the government publishes that information every single month - it's called the U-6 UE rate.
Government doesn't quote those figures either. Keep up with your bs, you're making my case for me.
Which unemployment figure was Obama speaking of when he mentioned 8 percent? Can't wait for your bs on this one. You should be in office. You talk out of both sides of your mouth alot as well as another orifice.
Quote:
Originally Posted by LordBalfor
HERE is the latest government inflation report release. The FIRST TWO items are FOOD and ENERGY (including GAS).
This is not some kind of "secret" information. All it takes is getting off your butt, turning off the political talking heads who seem to be your sole source of "information" and looking for YOURSELF.
Ken
Then why doesn't the big government you support quote them? Try harder next time. Your posts wont look so absurd and full of double speak.
We've already had some protests with the OWS crowd. Nothing like the Greek riots. A collapse within a collapse isn't out of the realm of possibility. It happened late '36, early '37.
btw When did you predict the housing bubble? The ones who predicted it around 2000 are the people to listen too when it comes to economics imo. The problem is the ones who were wrong before are once again trying to tell others the correct path to take.
I didn't predict the housing bubble - but I DID predict the UE rate turning around and the stock market recovery - while folks like yourself (and the sources your quote) were saying just the opposite.
The UE rates (both the U-3 and the U-6) have fallen to just about where they were during Obama's 1st full month in office - but are FALLING now instead of RISING like they were when Bush left office - and the DOW and S&P 500 have now DOUBLED over the last 3 years and are HIGHER now than when Obama was elected.
Like you said. It is not those numbers that are quoted. Your first sentence in this post is idiotic.
Government doesn't quote those figures either. Keep up with your bs, you're making my case for me.
Which unemployment figure was Obama speaking of when he mentioned 8 percent? Can't wait for your bs on this one. You should be in office. You talk out of both sides of your mouth alot as well as another orifice.
Then why doesn't the big government you support quote them? Try harder next time. Your posts wont look so absurd and full of double speak.
The government DID quote them.
What do you think the link I gave you was? It's an official government release - published every single month.
Take off the tin foil hat - it's fallen over your eyes (and ears).
I didn't predict the housing bubble - but I DID predict the UE rate turning around and the stock market recovery - while folks like yourself (and the sources your quote) were saying just the opposite.
The ones I listen to, the ones you called fools, who predicted every single economic crisis since 1913 also told us the reason for the stock market recovery. If you said the turn around was attributed to QE then you'd be correct. But you probably didn't as uninformed as you are. Since they've been correct and called the housing bubble and you call them fools even though you didnt see it coming like they did, what does that make you?
Quote:
Originally Posted by LordBalfor
The UE rates (both the U-3 and the U-6) have fallen to just about where they were during Obama's 1st full month in office - but are FALLING now instead of RISING like they were when Bush left office - and the DOW and S&P 500 have now DOUBLED over the last 3 years and are HIGHER now than when Obama was elected.
Ken
So even though more people are out of work, since they don't count, unemployment is better? Great recovery.
The government DID quote them.
What do you think the link I gave you was? It's an official government release - published every single month.
Take off the tin foil hat - it's fallen over your eyes (and ears).
Ken
Government doesn't quote those figures. To say they do is dishonest. Read the OP, maybe you'll learn something.
What number did Obama quote when he was talking about 8 percent?
You remember don't you? That neat graph with the pretty lines that said this is where we'll be with the recovery package and this is where we'll be without it.
Like you said. It is not those numbers that are quoted. Your first sentence in this post is idiotic.
You seem to have real comprehension problems - so let me spell it out for you:
The government posts ALL that information every single month. The media gives the most attention to the "core" inflation rate - that does NOT include the volitile "food" and "energy" categories, but the complete inflation numbers ARE published in all kinds of "mainstream" news sources every single month. If you actually read "mainstream" news once and while instead of constantly crying how it isn't telling you about these things maybe you'd actually notice that it DOES report that.
Bloomberg (quoted in MANY news sources):
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment.
The gasoline index rose sharply in February, accounting for over 80 percent of the change in the all items index. The gasoline increase led to a 3.2 percent rise in the energy index despite a decline in the index for natural gas. The food index was unchanged in February, with the food at home index unchanged for the second month in a row as major grocery store food indexes were mixed.
"
"The consumer price index's increase was the biggest in 10 months, driven by a 6% spike gain in energy costs, the Labor Department said Friday. However, the core inflation measure that excludes energy and food prices rose 0.1%. The small gain in core inflation suggests companies continue swallowing the impact of gas price increases before they reach consumers.
Gas prices accounted for all of the gains in energy, as the price of home heating and natural gas continued to fall. Food prices were unchanged for the first time in 19 months.
"
"Surging gas costs drove consumer prices higher in February, although the increase fell just shy of what economists’ had been expecting.
The consumer price index rose 0.4% last month, the biggest spike since April 2011. Prices were up 2.9% from a year ago. Energy costs surged largely due to the big uptick in gas prices.
The “core” price index, which removes food and energy costs and is the reading the Fed favors to gauge inflation, rose only 0.1% in February. Economists were anticipating a 0.2%."
Anyone who's ignorant of the fact that the government publishes inflation numbers both WITH and WITHOUT food and energy has only THEMSELVES to blame. The information is WIDELY available from all kinds of news sources as well as directly from the government BLS website.
Funny how "personal responsibility" is always someone else's responsibility with you folks. Don't blame the government for the fact that YOU were too ignorant to know the info was out there or too lazy to take 30 seconds to look.
It's WIDELY available.
Widely
Ken
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