Posted on 09/28/2015 11:05:48 AM PDT by TigerClaws
At Trump Tower, only a few blocks away from the meeting of world leaders at the United Nations, GOP presidential frontrunner Donald Trump announced his new plan to reform the U.S. tax code. After the main announcement, he took questions from the press.
On how his plan would address income inequality:
TRUMP: In terms of income inequality, we're going to create a lot of jobs. You know, right now we have a false [unemployment rate] 5.4%, 5.3%, 5.6%, every month it is different. It is such a phony number. Because when people look and look and look and then they give up looking for a job, they're taken off the rolls so the number isn't reflective.
(Excerpt) Read more at realclearpolitics.com ...
Too many of the companies I know now have their jobs filled by contractor and freelancer gigs—almost all people who would prefer to be classified as employees.
Is he speaking for the nation as a whole, or a certain demographic in a specific state/county/city ? I've read headlines here at FR which allude to similar numbers.
That's one of the problems with Trump speak and the "hurricane of words" referenced in the 60 minutes interview. He'll toss out a perfectly legitimate factoid but it may not be in correct context.
According to the feds we are actually approaching full employment. If that’s true, why do my acquaintences and I all know the only people that don’t have jobs?
So by that measure 10 year old middle school students are unemployed? Eighty-year-old retirees are unemployed? Stay-at-home moms are unemployed? People medically incapable of working are unemployed? Because the only way you can come up with at 210 million adult figure is to reduce the definition of adult to well below 16. And the only way you can calculate that unemployment rate is to include the people I mentioned.
“...and wallah, you have...”
I think the word you’re looking for is “voila!”
I don’t know what the real rate of unemployment is - I’m not sure anyone really knows, but, I do know that here in Ohio, several friends and family members have recently been employed - however, most are part-time jobs. This, is due probably to Obamacare guidelines. However, they are working and Ohio is doing rather well in the jobs market. Okay - John Kasich is our governor, so there’s that. (I’m not a supporter of Kasich for president - just saying).
which is how the LSM/Establishment tells the LIVs what to get outraged about....yawn...
“I think it’s Trump that is cooking the books on this one.”
Okay, so what do *you* think the real unemployment rate is, the 5.whatever% figure the gov’t is pushing or something else?
“I had some lib tell me last week we have a great economy.”
Was he actually stupid enough to believe it?
I think it's something else. Especially when you take into account the under-employed and those who have to work part time even though they want to work full time I think it's considerably north of 5%. But to say it's 35% or 40% makes no sense at all.
Exactly!
Thankfully we have a Candidate that ADMITS the truth.
I’m sick of all the lies in the media.
Or...
* Sold their business because Obamacare would have killed them anyway and the downturn was too much to take so the sold to a competitor.
* And all the folks that went on disability as Obama loosened those reg's up
* And all the folks that went on for 99 weeks, that got Obama-phones and went on food-stamps etc etc and were never the type to do it because they had lost hope. Which is just what Obingo wanted...
I think the word you’re looking for is “voila!”
Gads, I think you have it.
I'm more entertained by "viola." Well, I've heard talking heads pronounce it "VOY-la" before, and that was fun, too.
“I’m more entertained by “viola.” “
Yeah, I used to think that’s what it was when I saw it written. I couldn’t understand why they were talking about a stringed instrument like that.
(Thanks, kabar!!!)
Anecdotally, the situation I see around me, in terms of people not working, is really lousy. Worse yet is (as I see it) a BIG problem with too many people working, but not working to their ability / talents. It's almost as bad as what I saw in the Philippines: College grads, often with degrees in "good" fields (not fluff like art or Radio-TV), and others with GOOD resumes / backgrounds, manning the checkouts in the stores, etc. It's no wonder so many look for employment even in Muslim countries, and scary to think we are heading that way.
I suspect that some of the middle class are not doing poorly, but that major portions are barely holding their own, or sinking, economically (not even counting ObamaCare premiums, constantly rising local and state taxes, and so on.) Who can afford to work their way through college (or if parents, send their kids to college) without financial aid? Who can afford an average cost new car?
It's important to remember that even a slight oversupply of almost anything can really drive the "cost" down, and we have more than a slight oversupply of labor in many employment arenas.
Maybe ol' kabar has some charts that would illustrate the subject of the "plight" of the middle class, especially in certain job type areas, "by the numbers"?
Actually, Stockman’s analysis makes perfect sense IF one has comparable numbers to go by, for at least the last several decades. Ie., by Stockman’s method, maybe 20% “unemployment” is normal. Context is everything, in this case.
Maybe someone can find or create a chart...
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