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Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years
Washington Examiner ^ | 1/21/14 | Paul Bedard

Posted on 01/22/2014 12:48:20 AM PST by SoFloFreeper

Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

(Excerpt) Read more at washingtonexaminer.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: bias; jobs; media; taxes
Obama and the media are liars.

We are knee deep in ObamaDepression. Obamanomics is a failure.

1 posted on 01/22/2014 12:48:20 AM PST by SoFloFreeper
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To: SoFloFreeper

Seems about right. If there are 315 million people in the country and 90 million are out of work, how does that become 6.7%?


2 posted on 01/22/2014 12:59:40 AM PST by ArtDodger
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To: F15Eagle

Ping!


3 posted on 01/22/2014 1:00:38 AM PST by 2ndDivisionVet (Jealousy is when you count someone else's blessings instead of your own.)
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To: 2ndDivisionVet

lol


4 posted on 01/22/2014 1:10:56 AM PST by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: SoFloFreeper

Maybe Obama and the media can just lie about it and everything will be alright.


5 posted on 01/22/2014 1:17:12 AM PST by Bullish (America should yank Obama like a rotten tooth before he poisons the entire body)
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To: ArtDodger

0bamath


6 posted on 01/22/2014 2:24:56 AM PST by Conspiracy Guy (Did the ancients know they were ancients? Or did they see themselves as presents?)
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To: SoFloFreeper

If figured by the same formula that was used to calculate UE during the Great Depression... which yielded a high of 24.9% in 1933... he is correct. We are in a depression and have been... our government is no longer ours. They lie to sustain the illusion and give away fiat money to delay the inevitable soup lines and riots.


7 posted on 01/22/2014 2:37:14 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: ArtDodger

obamamath.


8 posted on 01/22/2014 2:37:31 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: Conspiracy Guy

Sorry... didn’t see your post... great minds and all of that!


9 posted on 01/22/2014 2:38:06 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: Bullish
Maybe Obama and the media can just lie about it and everything will be alright.

It has worked so far.

10 posted on 01/22/2014 3:10:08 AM PST by Hoodat (Democrats - Opposing Equal Protection since 1828)
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To: SoFloFreeper

Some day the media is going to have to ‘pay the piper’ for letting (and enabling) this clown in the White House get away with all he’s done to employment in this country.


11 posted on 01/22/2014 3:42:11 AM PST by harpu ( "...it's better to be hated for who you are than loved for someone you're not!")
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To: LibLieSlayer

They got around “soup lines” lines with EBT cards.


12 posted on 01/22/2014 7:01:25 AM PST by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: Ghost of SVR4

Yep.


13 posted on 01/22/2014 7:56:18 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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To: LibLieSlayer

You used more syllables than I did. So it is different. But I do the same thing all the time.


14 posted on 01/22/2014 10:17:33 AM PST by Conspiracy Guy (Did the ancients know they were ancients? Or did they see themselves as presents?)
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To: Conspiracy Guy

:-)


15 posted on 01/22/2014 11:23:54 AM PST by LibLieSlayer (FROM MY COLD, DEAD HANDS! BETTER DEAD THAN RED!)
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