Any econonmists out there care to rip this apart? Or is this guy somehow correct and the economy is booming and consumers (i.e. jobless) are just not intelligent enough to see it?
1 posted on
09/07/2014 9:17:08 PM PDT by
Is2C
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To: Is2C
54 posted on
09/08/2014 4:11:44 AM PDT by
Yosemitest
(It's Simple ! Fight, ... or Die !)
To: Is2C
I remember when Forbes was a respectable business journal.
55 posted on
09/08/2014 4:25:10 AM PDT by
facedown
(Armed in the Heartland)
To: Is2C
Unemployment, just like inflation, is calculated differently today than it was in the 80's.
The politicians decided that the public didn't need to know the real numbers so they adjusted the formula.
Real unemployment has been over 10% for obama's tenure and remains over 10%. Look at the labor participation rate if you want to get a handle on how obamam is doing.
56 posted on
09/08/2014 4:59:01 AM PDT by
Pietro
To: Is2C
I haven’t read or heard any references to “discouraged job-seekers” in years. Sadly, millions believe these government figures.
57 posted on
09/08/2014 6:07:32 AM PDT by
Oratam
To: Is2C
Using UE rate is a ridiculously stupid way to compare.
Facts:
Between Jan 1981 and August 1986 changes in NFP were +8,644,000
Between Jan 2009 and August 2014 changes in NFP were +4,344,000
Job creation under Reagan was almost double that of Obama.
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