Right you are. However, I think if Americans knew this, white, black, yellow, orange. it don’t matter. they would be pissed off.
I know I am.
Shadowstats.com says total unemployment is closer to 25%.
Unemployment is a national disgrace and the biggest problem behind the gov’t budget woes.
And worse, nobody is even talking about it or suggesting solutions. The rats want us to believe everything is fine and we just need to raise taxes. The GOP wants to do what the rats say, except they also want to use the crisis to cut safety nets.
No one is talking about trade policy, about our import tariffs being at historic lows of just 1%.
The FED keeps pumping money to try to help unemployment, which is the right course for the FED. But it’s a futile effort if you don’t raise the import tariffs. It’s like pouring water on a gasoline fire. It won’t put out the fire, it’ll just help it spread. The liquidity will just be used to help outsource more jobs.