Several threads pointed out that we have had 60 months (5 years) of unemployment at 7% or more.
Several millions have completely dropped out of the workforce in the last 5 years or that rate would be several points higher.
Amazingly, the MSM allows Obama to campaign against the economy of his own creation.
Ironically, its to our political benefit to keep extending unemployment benefits since these people continue to be counted as “looking for work”. So if we don’t vote to keep funding people who can’t get a job forever it hurts us politically.
Here’s the real problem in computing the unemployment stats as stated by steve Moore.
its here:
http://hereandnow.wbur.org/2013/10/14/missing-workers-report
“HOBSON: So what does the reports say? What would the unemployment rate be if we were counting all of these missing workers?
MOORE: Well, it would be incredibly high. It would be 10 percent. Right now, as you said, it’s around 7.3 percent. And the Federal Reserve expects it to go even lower. I mean, they really do think that the unemployment rate is going to steadily fall. And they’re right because the unemployment rate falls when people fall off of payrolls, when they’re no longer participating in the economy, in working at all. And if you’re an economics reporter or if you’re a policy wonk, you know that. But to everyone else, it just looks like we’re doing better as the unemployment rate is falling. And that is not the case.”
Another real measure of the current damage Democrats do to the economy while they are in power.
Although I have yet to see the trail of money and if it ever gets to the stock market. That's were a reporter should go to the banks selling the Federal Reserve the bonds and ask what "Where's the money gone"?
Just to explain, I believe some of the stock market growth is inflation, no where else to invest as IMHO bonds are no longer a safe investment on top of the low interest from bonds, and index funds in 401ks. I don't credit it all to the Fed QE3.
Well, when you have Peloony saying unemployment benefits are good for the economy and crickets going off from the media and the opposition, what do you expect?
Amazing....