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Posted on 12/19/2014 12:38:05 PM PST by GilGil
My top story is the economy, and I think the Fed and Congress just signaled that something is seriously wrong, and its going to get worse. First off, the Federal Reserve just came out and said that it was going to be patient when normalizing the monetary policy. I know Wall Street is jubilant and the stock market spiked on the news, but I think this is really ominous, and it is nothing to be celebrated. To me, that means dont expect the Fed to raise interest rates anytime soon because the economy is much worse than what they are telling you.
(Excerpt) Read more at usawatchdog.com ...
Unemployment is not low. What it means is that new people applying for unemployment is down slightly because others have given up or their benefits have already run out.
It’s just like how BLS lies with statistics.
The participation rate and food stamps tell you more of the truth than the ridiculous unemployment smoke and mirror.
I remember 6 years ago there were 157 million working.
Today it is less than 130 million.
Honestly, where did the 27 million go? That is a lot of people.
Unemployment is not low. That is a lie.
We are down some 5 million jobs from when Obama won his first election - in a growing population.
The total number of jobs in America today is now over 4 million fewer than when Bush was last in office.
How is unemployment ‘lower’?
The unemployment rates (all 6 of them) are politically skewed lies.
The unemployment rate automatically and magically counts a person as employed after six months whether or not they found a job. Since unemployment is a two condition state, if you are not one; by default you are the other. So by not counting someone as unemployed anymore once their benefits run out, that means that they are automatically now counted as employed - a bald-faced lie.
So for the truth, we must look at the "Labor Force Participation Rate" and the size of the labor force - both statistics put out by the "Bureau of Labor Statistics".
Once you do that you will see that there are still over 4 million fewer jobs in America thanks to Obama, and just over 5 million fewer than we would have had he held the LFPR at the levels Bush did.
My calculation counts the number of jobs in America the day Obama won in 2008, and the same day in 2014. Simple.
Labor Force Size
Do the math (arithmetic) yourself and see. Post it on your blogs and wherever you can to get the truth out there. I'm sick of the lies being promulgated by the MSM and this lying administration.
I will post this until my fingers turn blue. Too bad the MSM won't report the truth. Don't just take my word for it, follow my links to the government's own pages (links above) and do the arithmetic yourself. Refer to the above in any debates on 'Unemployment'. Follow my links and see for yourself. Rub it in the face of your lefty friends/family who try to tell you that unemployment is down.
These numbers are accurae and come from the BLS.
We’re in trouble. I don’t expect it to improve.
I’ve been saying all along, QE is permanent. Both parties want it. The only other alternatives for dealing with debt are massive cuts in spending, massive tax increases, or both. Either is political suicide. So it’s outright default or QE. And since QE doesn’t require the pols to do anything at all and most voters aren’t even aware of it, it’s the perfect solution as far as the party hacks are concerned.
That ignores the fact that many people hold 2 or 3 part time jobs.
How does BLS lie ? You just need to put together at least a dozen indicators to get a broader view of the labor market. They are all there, published by the... BLS.
That was probably not the best way to say “O admin”.
Are you actually in Poland?
“Are you actually in Poland?”
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