Posted on 08/06/2015 11:47:59 AM PDT by wtd
Donald Trump Claims The 'Real' Unemployment Rate Is 18%. Here's What Wall Street Says.
After Donald Trump announced his latest bid for the presidency, I reached out to get details on Trump’s plan to replace Obamacare, and posted that interview on FORBES last week. But for many FORBES readers, the most eye-catching part of the interview wasn’t Trump’s plan for health care.
It was what the Trump campaign said about unemployment.
“Mr. Trump believes that the real unemployment rate is over 18%, not the reported 5.5%,” a spokesperson told me.
Trump’s distrust of the government’s job statistics isn’t new. In July, he even suggested that the U.S. unemployment rate could be as high as 40% — well above what the Bureau of Labor Statistics has found.
(Excerpt) Read more at forbes.com ...
18% sounds closer to it.
I was thinking it was in the 20’s.
Potemkin Village:
“My policies really ARE working...!!!”
Yeah, right.
(spits)
And 18% is likely conservative, but good to see a candidate willing to question the “official line”.
How many fakers are collecting disability when they could work?How many couch-sitters out there sponging off friends and relatives?Gaming the system has been elevated to an art form.
I would guess mid 20's at least. I hope he throws this out in the debate for all to hear. The MSM BS needs to stop....
Author’s Bio:
I’m the executive editor of the Advisory Board’s Daily Briefing, a popular health care newsletter that goes out to more than 150,000 subscribers. I’m also a blogger for ESPN’s TrueHoop Network, a columnist at California Healthline, and a social media junkie. Posts are eclectic; views are personal. Let me know what I’ve missed – find me on Twitter at @ddiamond.
[insert facepalm here]
Finally, someone of note has said it!...............
This morning I hear on CBS radio that 100 million people are on welfare of some sort and 90% who have these debit cards withdraw cash and buy no services, rent, food, etc on the card. Hmmmm
8 Life-Long Politicians
VS
1 Doctor / 1 Businessman
Trump's major appeal is that he IS NOT a career politician.
LOL!
> 18% sounds closer to it.
I was thinking it was in the 20’s.
I would guess its in the 20’s too. I don’t think 18 % is high enough. It really depends on how you define “employed” and the feds knows this. Control the language; control the narrative.
You know the saying “Torture statistics long enough and they’ll say anything you want?” Well, the unemployment statistic is so tortured much it should sue for protection under the Geneva Conventions.
It does sound right, and everybody knows it. The government claims 5%, using various statistical tricks. But no one can possibly believe that out of an average 100 working-age people, only 5 cannot find good employment.
And this is why Trump is surging. What he says makes sense to almost every American. No wishy-washy crap from him.
The ShadowStats graphs is the only one even remotely plausible, since there is no way in hell unemployment started dropping in 2009.
Article absolutely confirms that Trump is right, real unemployment is at least double the official government figure.
Then they quibble with him saying it’s even higher. Does that discredit him? Hell no.
“Unsurprisingly, health care has been a major engine of the recovery in the jobs market.”
And yet ALL of this spending increase is simply the result of more hundreds of billions of conjured-from-thin-air “money” borrowed from the FedResBank by the Fed government and funneled to state Medicaid programs and/or simply directly handed out as subsidies on exchange insurance polices. The economic impact is not sustainable and will collapse if/when the extra money is withdrawn and/or becomes increasingly worthless as money-printing continues unabated.
This kind of health-care spending is simply another form of “stimulus” spending by the government.
If you include unemployed and underemployed (the people who can only get get 25 hours a week so their employer can avoid the Obamacare mandate), then it must be around 25-30%.
I have a lot of friends who work in retail, grocery stores, etc, and I don’t think any of them are getting a full 40 hours a week.
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