Actually longer than that.
The blue lines = stats stripped of changess designed to hide what is really going on:
Posted on 01/14/2014 10:15:13 AM PST by xzins
On Sunday, Hunter Lewis, Founder and former CEO of Cambridge Associates, told Breitbart News Executive Chairman and host Stephen K. Bannon that, "We are in a depression."
Lewis delivered his assessment of the U.S. Economy on Breitbart News Sunday on Sirius XM Patriot radio channel 125. He explained that part of the reason the economy is in such a shambles and the political system is in such a shambles is bad economic policies that have fed special interest groups, instead of supporting the middle class and the poor. And those same policies have given us crony capitalism.
Hunter, ....has served on boards and committees of fifteen not-for-profit organizations, including environmental, teaching, research, and cultural organizations, as well as the World Bank.
We are in a depression, according to Lewis. He asserts that if we calculate unemployment as they did in the 1930s, we would have unemployment numbers that rival that era. The only reason we have the percentages we have now (6.7%) is because “we don’t include those who have dropped out of looking for a job, who have given up. If we included those, the unemployment number would be at 20%.”
(Excerpt) Read more at breitbart.com ...
He is right about one thing, we are in a depression.
But he is wrong about why. We are in this mess for the same reason that cause the great depression. Government handouts and socialism.
Get government out of the way and this economy will spring back to life. Stop the handouts to the dead beats and they will get up and get a job or create one.
You can thank the unions for that, not the “crony capitalists”
Unions and government destroyed our manufacturing.
An honest, Christian Chief Executive would acknowledge this and try to do something about.
Well, we all know that what we gots ain’t that, fo’ damn sure!
Stinkin’ traitor Muslim.
Socialism thrives when capitalism fails to produce jobs.
When the Federal Reserve is disbanded the full scale of America’s economic destruction will be evident. We are in a hidden depression for years and the Americans that are sucking on the welfare had no idea the destruction they are causing. It is mounting and when the Feds are kicked out of our economy the crash will happen in days, maybe almost immediately. America is finished and may never recover but might become a dictatorship
With all the other manipulation of data,
there’s no doubt in my mind that the growth rate
is being monkeyed with - yes I said it - and we have
been in the negatives since 2008.
That's been my experience in job hunting on and off the past five years. The job market is brutally tough.
Excellent resource. Thanks!
“I wonder what would happen if EBT cards suddenly stopped working for, say, a week.”
I believe we saw what happens when the cards stopped working for a few hours. Extrapolate from there.
We saw what happens when the EBT cards stopped working for just an afternoon. Looking further, when Sandy came through, it only took 72 hours and people were dumpster diving for food.
A monetary collapse will be a truly ugly thing and I don't think it will creep up on us. Knowing this government, we might just wake up one day to closed banks and a crashed stock market.
“What I find interesting is that back in 2007 I said this could get “as bad or worse than the great depression”. At the time it sounded like crazy talk, EVEN TO ME.”
In 2007 I said, “We are in a depression.”
“Socialism thrives when capitalism fails to produce jobs.”
Lemme harken back to Hayek: what is meant by “capitalism” is simply the way people act when nobody is pointing a gun at their heads. They exchange money, goods, and services among each other as seems best to them.
Taxes, regulations, prohibitions, et cetera, distort “capitalism,” which eventually morphs into mercantilism, and this is what we in the US have had for decades, now. Perhaps a century.
People, left alone, will create jobs. The so-called problems with “capitalism” are actually problems with the distortions imposed upon “capitalism” by government.
Also good to remember that the word “capitalism” is a pejorative invented by leftards to slur the far better system of leaving people alone.
What about robotic automation? I think that has eaten into a lot of the unskilled work force. I don’t think Unions or the government are at fault for that.
Having said that, I think the USA is still the number 1 manufacturer on the planet if you look up the statistics.
I think many industries such as automobiles has some manufacturers that are unionized while others are not.
I think some manufacturing is coming back to the USA as has been reported.
I am not so convinced as you.
Otherwise, the report of how much gold we have is going to be just like the unemployment numbers.
Yeah, I was toying around with the idea that misfeasance w/ reporting numbers would be a capital offense.
That's way more pithy than the way I put it - that "capitalism" is the default human condition, like gravity.
Ah... and the left would LOVE to have capital offenses that they could manipulate to have their political enemies put to death at the hands of the State.
That’s the innermost desire of all lefties.
eliminate the corporate income tax, outlaw unions, place limits on litigation and liability, and repeal the last 100 years of government laws and regulations (at the local, state and federal level) that negatively affect business and you would see an explosion of manufacturing in the US unlike the world has seen since the industrial revolution.
I don’t know if you would like this any better.
Socialism thrives in a democracy when business doesn’t create enough jobs.
When voters have jobs [business gets the credit], they vote Republican, Reagan 2x, Bush, Bush 2x. When voters don’t have jobs, they vote Democrat {depends on government}, Clinton 2x, Obama 2x. People vote their pocketbook, majority wins. Losing elections is the price the GOP pays for job exporting free trade agreements.
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