Skip to comments.I donít believe Ďem (The fraud that was last week's jobless report)
Posted on 08/06/2012 8:29:33 AM PDT by SeekAndFindEdited on 08/06/2012 8:32:27 AM PDT by Admin Moderator. [history]
Itís cheatiní time in Washington. Iíve long believed the Labor Departmentís monthly employment statistics are horribly inaccurate. So bad, in fact, that they are hardly worth compiling.
But I never thought the numbers were fudged ó until now. The government reported yesterday that 163,000 jobs were created in July and that the unemployment rate rose by 0.1 percentage points to 8.3 percent.
(Excerpt) Read more at nypost.com ...
The average rate of unemployment during the great depression was 17% for over a decade. The highest point was 25%. Using the same methodology as during the great depression our present unemployment rate is 23%. We have also been over 17% for the last 2-1/2 years.
We are now 2-1/2 years into a depression. Our "real" unemployment rate of 23% is only 2% below the highest level during the great depression. The real rate of unemployment is increasing and is not decreasing. The policies of FDR prolonged the Great Depression. The policies of Obama are quite similar and also will prolong this current depression.
If those policies continue this will become the SECOND GREAT DEPRESSION.
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