Posted on 02/03/2012 7:49:39 PM PST by WilliamIII
Republican presidential candidate Ron Paul said the latest unemployment numbers don't tell the whole story. In an interview with CNN's Piers Morgan Friday night, Paul also said the .2 percentage drop in unemployment to is "not all that glamorous."
Paul said there is an under-reported element to the latest jobs numbers released Friday that showed the lowest unemployment rate in three years - and that is that millions more are disengaged from the job market.
"More important if you admit the truth," Paul said about the latest unemployment numbers. "We quit counting people."
The number of unemployed people declined to 12.8 million people in January, according to the Labor Department, but that number only includes people actively looking for work.
Nearly as many people are experiencing the dire consequences of the sluggish economy and that statistic has not seen much improvement. Eleven million people either gave up looking for work or are underemployed, and that's why Paul calls the jobs numbers "not glamorous."
(Excerpt) Read more at cbsnews.com ...
Excellent. Now look back and tell me the extensions in unemployment benefits (99 weeks?) were not designed to have the economy ‘improve’ just in time for the election...
He hasn’t been hiding..this was part of an interview from last night I think.
Any one in the liberal mainstream media really think that this borrowing trillions per year, losing manufacturing, and exploding debt is sustainable? No way :The U.S.A is headed toward collapse just like Greece is only worse.And it is all Obama's fault. We post the truth on the Internet so Obama is trying to censor the Internet and destroy it with the international agreement ACTA.
“...were not designed to have the economy improve just in time for the election...”
And I haven’t listened to Glenn Beck in a long time, but awhile ago Obama STILL hadn’t used over half of the stimulus package from a year or more ago. Beck thought Obama might release the rest of it in time to make the numbers look good for the election.
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