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.”
The true essence of a Washington, DC/democrat vote for or against anything.
Politics. That's what it's all about. Rah, Rah, go dems! Beat Republicans! Rah, Rah!
Here’s another;
Fmr. RNC Economist: Economy Isn’t Good - CNN Crossfire Video
http://www.freerepublic.com/focus/news/3099265/posts?page=5#5
Video here;(You can advance to 1:25, as Democrats won’t let the Republican Economist speak for the first part, with interuptions during the latter...)