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Jobs up. More people employed. So boasts the Bumbler-in-Chief!
But, here's the truth →
Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years
By Paul Bedard | JANUARY 21, 2014
Quote:
Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.
Some nutbag who advises people to get a gun, who gets his idiotic opinion piece printed online in a FREE online newspaper (free because no one in their right mind would buy this kind of crap) tells us the unemployment rate is 37%. That`s pretty darn unimpressive.
Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.
The unemployment rate gets too much focus. Theoretically, you can cut the workweek to 30 hours per person and use the extra hours to reach full employment. You could also reduce average wages and use the saving to reach full employment by hiring more people with the money left over. However, in both scenarios the standard of living of the average American will be declining. Hell, blacks had full employment during slavery. Would anyone brag about the low unemployment rate of blacks in 1860?
No, people just hate when duplicate threads pop up by the same people. Try to reduce the amount of duplicate threads by searching first.
For your information there were 3.622 new posts when I just clocked on that. How on earth do you expect anybody to try to keep up with that, especially as similar posts appear on widely different threads.
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