Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Olog-hai

The unemployment rate is a huge lie.
When someone is unemployed for more than six months, they are no longer counted as unemployed, whether or not they actually found a job, after six months they are counted as employed. This is, after all, a simple two-state model (the two states being either employed or unemployed - there is no third state.)

With a little bit of arithmetic, you can see that there are at least 3 million fewer jobs today in America than when Obama won the election that awful October day in 2008. That despite the fact that there are an additional million souls in the labor force. Had he maintained the same labor force participation rate that Bush maintained there would be 4 million more jobs than there are today.

This despite the fact that he has spent record amounts of money on some hare-brained 'stimulus' that only stimulated the bubble on the stock market and nothing more.

12 posted on 03/26/2013 12:46:55 PM PDT by Bon mots (Abu Ghraib: 47 Times on the front page of the NY Times | Benghazi: 2 Times)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Bon mots
"The unemployment rate is a huge lie."

We all agree on that point and we all agree the Won has made the situation worse. Just for the sake of argument though, will America ever see full employment under any future President, regardless of party? Will high tech and productivity gains, plus free trade and the transfer of technology make eight (or sixteen--pick your number) percent unemployment seem like good times in the future? Short of a world war, is there any way out of the new normal?

20 posted on 03/26/2013 1:22:19 PM PDT by buckalfa (Tilting at Windmills)
[ Post Reply | Private Reply | To 12 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson