Never send a socialist to tune-up a free market economy.
Posted on 08/06/2010 10:33:32 AM PDT by CaroleL
Proving once again that our official "expecters" don't have a clue, today's eagerly anticipated Labor Department reports showed the unemployment rate still at a devastating 9.5%. As if that weren't enough bad news, the economy shed more jobs than expected in July as overall unemployment fell by 131,000.
(Excerpt) Read more at talkingsides.com ...
9.5%?! I thought it was at 9.8%. Also, how can shedding 131,000 more jobs keep it at 9.5%?
And if you look at the Un/Underemployed number it is much worse then the picture being painted by the Obama commanded media.
And if you look at the Un/Underemployed number it is much worse then the picture being painted by the Obama commanded media.
because those who are jobless no longer get counted in U1. They move into u6 numbers, which is about 17-20% unemployment I think
Never send a socialist to tune-up a free market economy.
He bragged about the fantastic job that he is doing creating jobs... I swear that he is satan’s son.
LLS
“...the economy shed more jobs than expected in July as overall unemployment fell by 131,000.”
I believe that should read “..overall unemployment ROSE by 131,000.”
They have a clue. They know what they are doing. They are very happy that millions of Americans have no jobs. In fact they are spending our money to train “asians” to do our jobs. They are watching this country fall apart while they live high on the hog, off our money.
So the TRUE unemployement #’s are 17-20%. And the only ones that are being counted for the U1 are currently unemployed?
Actually I think the “official” number is the u-3 number which of course means nothing. The better number is the U-6 number but even that undercounts. 17-20 may even be on the low side.
Allegedly, there were some jobs added in the private sector — 70,000 I believe. Of course, that will be the figure the Obama administration and its accomplices will focus on.
Another statistic I heard about today says that employees are working longer hours — mostly because employers are reluctant to hire — so they are working to death the employees they have.
I believe that should read “..overall unemployment ROSE by 131,000.”
Whoops! Thanks for catching that. I got lost in the more is down and less is up thing. :)
Things are much worse out there then reported and it is going to get a whole lost worse before it gets better. This attempt by the Obamite Media to spin “the Summer of Recovery” was an epic failure. It failed because everything the 0 Regime is doing is hurting the prospects of economic recovery.
This is not rocket science. Kennedy, Reagan and Bush 2 showed them how Government can help spur a recovery.
Slash taxes, reign in regulation and GET GOVT out of the way.
0bama employing the “big lie” technique used to great effect by Joseph Goebbels in Nazi Germany. Not calling 0-bama a Nazi, mind you; he’s closer to a communist.
“shed more jobs than expected in July as overall unemployment fell by 131,000.”
This goofball needs an editor.
nazi=National Socialist... but then obama hates America... so he is a Nationalist hating Socialist... yes... a commie.
LLS
The labor department could be under orders from Obama to fudge their numbers.
I don’t profess to really understand all the statistics out there. I tried taking Economics in school, but barely managed a C.
Still, even dummies like me know that things aren’t as rosey as Obie and his cohorts would have us all believe. It angers me that they can lie through their teeth, telling us that things are getting better. Even worse are the true believers who actually believe the lies. I don’t know if I should feel sorry for them or slap them upside the head.
I posted elsewhere that I confess to actually rejoicing when unemployment, consumer confidence and the like fall flat or get worse. I really do believe that it will take a Great Depression to wake people up. Would be nice if people would figure this out long before the November elections, but I’m not sure it’s going to happen.
Obama and his accomplices are evil. Pray for the U.S.A.
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