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It is simple. Just change the graph and everything is better!
Sadly, the real unemployment rate is 17%, if we include the people who are no longer looking for jobs and those who have taken part time jobs. Also, for historic comparisons, the Clinton admin started putting the military in employment statistics. Therefore, the real unemployment rate is over 20% compared to the pre-Clinton era. Nice work there, Bammer. Socialism will become more appealing when the country is on its knees, so I think Bammer is pleased with his "work".
I used to think that as well, but it's not true. I can't find the link anymore, but the 25% UE peak during the Depression in 1932 and all those double-digit numbers throughout the 30s actually compares to the 9.8% number. The number from 1932 that compares to the 17% U6 number was actually a super-staggering, Third-Worldish 37.6% underemployment (or if you want to call it that, "real unemployment") rate.
Quote:
Originally Posted by Old Gringo
There certainly are a number of bitter, unhappy posters who frequent this forum, hoping for the worst for our country. They are best left to stew in their own bile.
Hear, hear, some reason finally! I'm sick as well as worried at how polarized this country has become. Obama is trying to take the very American idea of using opposing views to work out the best consensus but instead of it working to make our country better everyone on both sides just makes him out to be "weak".
Sadly, the real unemployment rate is 17%, if we include the people who are no longer looking for jobs and those who have taken part time jobs.
This is inaccurate, as has already been pointed out.
Quote:
Originally Posted by hawkeye2009
Also, for historic comparisons, the Clinton admin started putting the military in employment statistics. Therefore, the real unemployment rate is over 20% compared to the pre-Clinton era.
This is also inacurate. Active-duty military personnel are excluded from employment numbers and hence from the labor force itself. Thus, the heading "Civilian Labor Force" at the top of each monthly BLS Press Release.
Quote:
Originally Posted by hawkeye2009
Nice work there, Bammer. Socialism will become more appealing when the country is on its knees, so I think Bammer is pleased with his "work".
If obama has his way, the deficit and debt spending will go on unabated. His budget already has a deficit of $9 Trillion, he will at least double the debt.
More right-wing math, i.e., not even up to the standards of what anybody was taught on Sesame Street.
The $9 trillion deficit projected by CBO is over ten years. Obama will be limited to eight. Debt held by the public (Do we remember what that is?) is projected by CBO to rise during Obama's two terms from $8,865 billion to $12,588 billion, an increase of 42%. As a percent of GDP, that is an increase from 61.4% to 67.1%.
however, the point of the projection would be exactly the same. Unemployment would peak earlier and at a lower level with a stimulus package than without one.
Wonder who the projectionists thought they could fool? What is that based on? Certainly not from past history. History has shown us to get out of a recession you lower taxes and cut government spending in order to get money back into the system. Getting money into a segment of the economy to the benefit of handpicked industries doesn't work.
Wonder who the projectionists thought they could fool? What is that based on? Certainly not from past history. History has shown us to get out of a recession you lower taxes and cut government spending in order to get money back into the system. Getting money into a segment of the economy to the benefit of handpicked industries doesn't work.
Don't waste your breath on saggy. He thinks all prosperity comes from the government and that the private sector is inconsequential. Throughout US history, only the government provided jobs and was the economic engine that made the US great, at least in the mind of a marxist.
The economy is great. Just ask saggy- he teaches wierd economics at some unknown university where high unemployment and low wages is preferred over economic prosperity. It must be the economics of Bangladesh.
Everything is fine- just ask the people in Michigan. Bammer is helping all of us out.
At least Saggy was right about the military. They stopped using military employment numbers in 1994.
http://hnn.us/blogs/entries/94681.html (broken link)
There is no recovery
doesn't matter who is in the oval office
we r bout to step off the reef
don't buy a house or car
do not sign up 4 student loans
there is a reason the dealer gets payment on that Kawasaki bike b4 u drive off the lot
There is no recovery
doesn't matter who is in the oval office
we r bout to step off the reef
don't buy a house or car
do not sign up 4 student loans
there is a reason the dealer gets payment on that Kawasaki bike b4 u drive off the lot
If Obama had used the trillions to rebuilt the manufacturing base and reign in outsourcing of tech jobs, instead of propping up the banks, we may have stood a chance. Now there is a huge debt, with nothing to fill the void once the government bubble bursts.
If Obama had used the trillions to rebuilt the manufacturing base and reign in outsourcing of tech jobs, instead of propping up the banks, we may have stood a chance. Now there is a huge debt, with nothing to fill the void once the government bubble bursts.
you are hammer to the nail right on you got rep. unfortunately americans believe the man sitting in the oval office controls the oval office.
Hear, hear, some reason finally! I'm sick as well as worried at how polarized this country has become. Obama is trying to take the very American idea of using opposing views to work out the best consensus but instead of it working to make our country better everyone on both sides just makes him out to be "weak".
From a European perspective, it is funny see the repubes constantly whingeing on this site.
If I was an American it would worry me soemwhat as to the extent of polarisation that appears to be in train in the USA today.
The fundamentalist repubes will cite anything and everything to try to bolster their worldview.
They despise the democrats, almost as much as they despise us foreigners for example.
It would be a mistake to view all repubes as mirroring some of the views expressed on this site.
If they do mirror real views - I would question the dclining education standards and critical thought processes used over there, these days.
So why would the Obama administration make a statement if it didn't have all the proper data?
They never really made a 'statement'. It was basically a projection of the impact the Stimulus would have based off the information they had available at the time.
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