Yeah, uh, huh. And in Obama's world, 12% unemployment is Obamaspeak for 21% actual unemployment.
Brace for impact.
Rev Wright, er, Obama’s chickens coming home to roost.
only 12% unemployment ?
Assume the brace position. Bend over and kiss your .... goodbye because this crate is going down.
Obastard is in the cockpit and if there is any justice he will be the first to feel the impact. The rest of us are being taken along for the ride.
Good luck. I hope to see you in the survivors circle.
At this rate we’ll be there before Christmas.
Barack is Arabic for Vladimir and Hussein is Arabic for Lenin?
House of cards.
The District of Criminals and their Media Posse have been lying all along. Now that Obie Won is in the drivers seat for 4 more years the veil of deceit will be dropped.
I hope everybody that voted for Mr. 19th Hole that isnt a hard leftist, but just thinks he so cool - feels the full impact of how they were used and fooled by the Rat party when the hard times hit.
They are hitting 100,000’s already and its going to get worse.
At 12%, I think a U6 of 21% is optimistic. Because after an extended period of high unemployment, I would expect the U6 curve to rise faster than basic unemployment. My guess? At 12% basic unemployment, the U6 could be from 24% to 30%.
More so, large parts of the retail economy will go “off line”, for things like barter and semi-barter transactions. Some municipalities will develop scrip markets (which were used hundreds of times during the GD), as they are a big plus at a local level.
12% unemployment; the new normal. Then Obama can fudge the number down to 11.8% unemployment just before he runs for this 3rd term; because there is just so much more that needs to be done.
Yup ohole really is turning things around.
Not sure in see the issue here. I run financial/economic models for a living and we insistently run “worst case scenarios” to see where we would be from a very poor economic environment. Pretty standard stuff here.
So which is it, Ben: the banks have enough capital to lend but aren’t or they need to hang onto their capital because your QE is an epic fail about to slam us?
HOO RAH Obama won the election, do the shackles hurt yet? Get ready because either he implodes or it’s going to get a heck of a lot worse. God help us. We need real leaders. Danged if this wasn’t the 18th or even 19th century when duals and hanging scumbags was a rule of law.
Our Federal Govenment has been taken over by Globalists and Obama is there willing puppet. The Birchers were dead on right.