We are in deep, dangerous water.
Long term unemployed and people who gave up looking for work were still counted back then. If we were to make a comparison our current numbers, in the mid to upper teens, would be much closer to Great Depression levels. Different accounting methods.
Here’s a related article. It says supply chain companies will be paying 5% before EBITA (before taxes, interest and amortization). In other words, 5% right off the top.
http://www.aircargoworld.com/News/Carbon-To-Cost-Five-Percent-Of-EBITA
But they’ll do it over years, the worst parts hit after the 2012 election. I’m sure its just a coincidence.
Only 10%? I got these off Ron Paul’s own site.
“Real unemployment is now 20% and there has not been any economic growth since the onset of the crisis in the year 2000, according to non-government statistics.
Net US debt is now 372% of GDP. In the crisis of the 1930s it peaked at 301%. Household debt services requires 14% of the disposable income—an historic high. Between 2000 and 2007 credit debt expanded five times as fast as gross domestic product.”
Audit the Fed, then End it.
We are in a suckers’ rally.
Gold will fall, as the market continues to rise.
Market crash in October. Bank failures. Huge numbers of them.
Unemployment going to 30-35%.
Gold going through the roof—hyperinflation.
Fed is already withdrawing “money” from the system. This can only hasten the crash.
Nothing that happens in politics is unforseen or unintended. The radical left WANTS 1 out of 10 jobseekers to be frustrated in their search, and become poor and dependent on the government.
Good luck keeping up with the Green Codes and heaven help you if you have to move after a layoff.
10% unemployment?
Meaningless.
What about the millions that lost full time jobs with benefits that are working but now working part time jobs with no benefits?
What about workers that remained employed but had their hours or days cut and lost 5, 10 20, thousand dollars in salary for the year?
The unemployment rate is meaningless in and of itself. The big picture must be looked at to see that the Democrat Congress and Obama are destroying this once great Nation.