Posted on 08/27/2009 7:06:50 PM PDT by UncleVanya
The real US unemployment rate is 16 percent if persons who have dropped out of the labor pool and those working less than they would like are counted, a Federal Reserve official said Wednesday.
"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent, said Atlanta Fed chief Dennis Lockhart.
(Excerpt) Read more at breitbart.com ...
Yeah, there’s a shock...
“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”
ANDREW JACKSON, SPEAKING TO INTERNATIONAL BANKERS IN 1832.
Thank God that his spirit is rising up in the American people today. Shout it loud, END THE FED!
This can’t be true, I just heard the recession is over. Happy days are here again! Weeeeee...
This can’t be true, I just heard the recession is over. Happy days are here again! Weeeeee...
________________________________________________________
Yeah. Heard it ALL DAMNED DAY on radio from ABC News @ the ‘top of the hour’.
we need to make acorn and all those other groups to give back funding to help get this country out of the hole.
It was true when he said it and it's even more true today, Thanks to senator gramm that made it sort of legal.
Agreed, the line forms right behind Mr. Paulson.
How about those that can no longer draw unemployment? I believe those folks are not tracked.
So, lets bump that 16 to around 20. What was the Great Depression... 22?
Now I understand why Obama hasn’t spent much of the stimulus money... he’s saving it for the soup lines.
I am so pleased that I bought lot’s and lot’s of ammo.
Ping for later
You can’t eat ammo. Keep a thousand rounds for each, then start laying away food and water.
Agreed.
I have enough stock for my wife and I to survive for 6 months, without leaving the mountain... I have always believed in preparation and planing.
“You can’t eat ammo. Keep a thousand rounds for each, then start laying away food and water.”
I plan on doing a little foraging to add to my food supply. Unarmed liberals should make for easy prey.
The same thing has happened again, too, most visibly during the summer of last year. Is there a modern Andrew Jackson? It sure ain’t Peter Schiff.
These comments were made by “Atlanta Fed chief Dennis Lockhart.” Lets bookmark this guy for even bigger jobs in the next administration. He not only recognizes the truth he’s willing to speak it against his increasingly PC cohorts.
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