Posted on 10/08/2010 7:44:18 AM PDT by traumer
Are you suggesting that the obama administration is cooking the books, naaaahhh!!!
What am I missing??
bump.
At basically zero interest rates, QE2 will have banks paying people to borrow money. Most likely in very blue voting areas before 2012 elections.
The 9.6% number is the percent in the labor force who don't have a job. It doesn't count the folks who have stopped looking for work and are therefore not in the labor force.
If the economy started to pick up, you could see the number actually spike up, as the ones who had given up hope start looking faster than the now growing economy can employ them.
The real question is just how big is the proportion who have stopped looking. And the number who have part-time or crap jobs below their qualifications.
Liver - hell I’m suprised anyones bladder could keep up even if we were drinking water. Watch the OJ may be hard on the kidneys.
I threw up a little in my mouth.
Bush had a jobless recovery when unemployment was at 5%. He was pilloried.
If the rate goes down under Obama, the media portrays him as an economic genius.
If the rate goes up under Obama, the media says its because he has restored hope and many people who had stopped looking for a job were now optimistic enough to start looking again.
Republicans cannot win.
Democrats cannot lose.
U6 is around 20% right now, and it's not good news.
Spot on now we understand why so many people in Rissia drink so much.
Google in news “unexpectedly”.
The left wing media gets caught daily.
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