Posted on 10/11/2009 6:54:58 AM PDT by blam
The September U.S. Employment Rate Is 90%
Economics / Employment
Oct 10, 2009 - 04:17 AM
By: Robert_Singer
The U.S. Department of Labor Official Employment rate in September 2009 is now 90% (Unofficial rate is 75%). And for those Americans who are still employed, they will find it harder to get that sweet deal on a new car because auto dealers won’t be competing with each other now that Brian Deese, special assistant to president Obama for economic policy made the decision (not the Chrysler bankruptcy judge), to close dealerships without regard to profitability.
Deese, age 31, in his first government position, shuffles back and forth from the West Wing to the Treasury Department dismantling the US Auto Industry and rewriting the rules of American “capitalism”. [1] Deese’s first rule: Withdraw Credit and Liquidity. Result – Catch 22:
The pullback in spending causes companies to cut back on inventory and staff - Creating unemployment. Which causes spending to fall and companies to cut back on inventory and staff -Creating more unemployment. Causing spending to fall even further, forcing companies to cut back on inventory and staff - Creating even more unemployment…263,000 jobs eliminated in September.
[snip]
The sheeple getting their news from TV thought Bush was trashing the economy and Obama would save us. Nope.
They better be ready to SPRINT to the polls and get these guys out if they want their jobs and their country back.
Biden will be out this week claiming Team Obama has saved 90% of the jobs in America.
Data from The McKinsey Global Institute estimates the real de facto unemployment rate in the United States would be 24.78%.
Thus, there are almost 39 million, not 15.1 million, or even 24.3 million Americans who are no longer working or looking for work, and that figure is before the Federal Reserve kicks Brian Deese into high gear. [2]
Since there is not enough police, National Guard or military to keep order when 39 million people panic, Barack Obama will restore order by telling his followers standing in lines that this nation, unlike in the past, will put its hands on "the arc of history and bend it once more toward the hope of a better day."
As a president elected in a landslide by young and old, rich and poor, Democrat and Republican, black, white, Hispanic, Asian, Native American, gay, straight, disabled and not disabled, Obama will lead the nation out of its unsustainable American Dream and into a great new depression.
Even with evidence to the contrary, Americans believe government is suppose to take care of them because "it's their job." In an environment of homelessness, poverty and suffering, millions of unemployed Americans will forget their 60 years of unprecedented prosperity--at the expense of the Third World and the environment--and look for someone to blame.
Another example of
cookthebooks.com ;-)
The various governments are hiring.. fed, state, city, county..
I don’t even care anymore. It’s starting to dawn on me that we deserve it. America is a bunch of useless sheep. The commies have won.
Pure BS. The number put out by shadow stats is 21.6% true unemployment or 78.4% employment.
[The various governments are hiring.. fed, state, city, county..]
Exactly, and how do these people get paid? Taxes from private businesses and employees in the private sector. So, again we see the problem with solving our economic problems with “government” solutions. Does Obama real think that the taxes on those 10K people will pay for their own existence and their payraises and bonuses and benefits, etc... Remember, they are only taxing 15% of their money!
Only an idiot or a man with a design to bring about a collapse would think that taxing 15% of 10K new employees will pay for all those new employees! This must be some of that “new math” my kids have been telling me about for the last three or four years.
It could very well be that more American citizens are without jobs than without health care. But what does this president focus on - and why?
I’ve been hearing the “90% are employed, happy days are here again” meme for about 6 weeks now. Soon it will be on state run media.
I know how that feels from personal experience when the commies took away my previous profession, and made me and others the fall guys. 30 years of very hard and dangerous work and dreams for nothing - I lost everything - sold for pennies on the dollar to the new PC elite. It felt awlful...
But don’t give up! If you stop caring, then the commies will count that as one more victory. They may have appeared to have won for the moment, but that reign will eventually fail.
When bush won his first election(2000), I was so relieved for about 5 seconds. Then I said to myself “we (republicans) need to win at least the next 2 presidential elections or its the beginning of the end of america.
What i didn’t count on was that bush would not be as good as I had hoped, or that a scum like mccain would be taking the republican lead against an out and out communist fascist terrorist like obama.
We cannot bounce back from this. At least not in my lifetime. All we can do is try to minimize the duration of the “dark ages” to come so that some future generation can turn it around that hasn’t totally forgotten what america once was. If we can’t do that, then america is gone from this world forever.
freedom won’t die, it will just leave and go someplace more deserving. But if it does, that is bad news for our children and their children.
The level of economic idiocy necessary for the McKinsey Institute to make such an absurd claim beggars the imagination.
The US bought the products those 3rd World counties produced.
With the US Economy in decline, those markets are going to vanish thus eliminating most of the few sources of external revenue those 3rd world states could generate thus they are going to be more and more impoverished.
Economics is not a zero sum game. Because
A is rich does not mean B must be correspondingly poor to compensate. It is possible, as the last 2.5 decades demonstrated for all to get richer together and, as the next 2 decades are likely to demonstrate, it is possible for all of us to get poorer and poorer together.
It sure has gotten worse and looking to get a whole lot worse.
This is the government's way of saying "What are you going to believe, us or the evidence of your senses?"
I don't believe government numbers anymore.
So the actual unemployment rate is a full 10%, no?
When did you become a doomer?
Would love to ask all the formerly employed blue collar guys who I use to hear tell each other in line at the convenience store last Oct, "F---Bush and McCain it cannot get any worse" if they are better off this Oct then they were a year ago.
This economy should have crashed in 2000, but the heavy hand of government propped this house of cards up for 8 years by pumping money into the housing sector. When I hear my blue collar associates say "F" Bush and McCain I can understand their sentiment. Bush's big government policies led straight to this financial collapse and McCain would have added his liberal touch to it also. The only silver lining is watching Obama tip his hand and force through massive socialist policies that wont work. Maybe the Republican party can get it together but watching the old guard going to Pawlenty as the next Republican contender to confront Obama doesn't bode well. Pawlenty swung to the McCain -- Schwarzeneggerr Axis and spouts their mantras and enacts their policies. I guess that is politics, though.
The Feds, yes. Many states and counties are now pulling FTE positions down, and some are furloughing or laying off (or early retiring) employees.
State budget shortfalls are becoming epidemic. NY, NJ, CA, NV, AZ, ID, IL, MI, IN, OH, MA... the states with income taxes are seeing large shortfalls and NV is seeing a huge drop in ad valorem tax revenue.
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