David Stockman Shock Blog: The Real Unemployment Rate Is 42.9%
http://www.freerepublic.com/focus/f-news/3306261/posts
tx! Heard rush mentioning it but econ’s not Rush’s forte...
Stockman is correct. Rush did an analysis of his 42.9 % number the other day and said there is no number coming out of Obama’s BLS that is not a lie. There are 94 million unemployed people in the US. The media simply refuse to report the bad news. This is why interest rates remain so low and inflation non-existent - the economy is in the ditch. GDP was negative in the first quarter and I predict will be negative for the quarter just ended June 30.