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Donald Trump's wild claim: Unemployment is 42%
CNN Money ^ | September 28, 2015 | Heather Long

Posted on 09/28/2015 5:47:46 PM PDT by 2ndDivisionVet

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1 posted on 09/28/2015 5:47:46 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

It’s not “his” claim. It is the claim of a number of trained economists, including David Stockman.


2 posted on 09/28/2015 5:48:34 PM PDT by ClearCase_guy (I've switched. Trump is my #1. He understands how to get things done. Cruz can be VP.)
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To: 2ndDivisionVet

What is really a joke is the 5.1% figure.


3 posted on 09/28/2015 5:49:35 PM PDT by mosaicwolf (Strength and Honor)
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To: 2ndDivisionVet

Even if you don’t like DT, you gotta give him some credit for saying these type of things...


4 posted on 09/28/2015 5:50:10 PM PDT by ChinaGotTheGoodsOnClinton (Go Egypt on 0bama)
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To: 2ndDivisionVet

The real effing joke is I made the same claim earlier this year, offering a myriad of reasons why someone isn’t working but, that the “Labor Participation Rate” is at its lowest in 40 years!

That shouldn’t be true, in a growing economy.


5 posted on 09/28/2015 5:50:18 PM PDT by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: 2ndDivisionVet

The Donald would be closer to “correct”

Reality Check: What’s the Real Unemployment Rate in the U.S.?
http://www.freerepublic.com/focus/f-news/3300876/posts

Based on income, I set the fully employed rate at 60%, and the marginally employed/unemployed rate at 40%. If we accept the BLS’s 121 million full-time jobs (which once again, this doesn’t make sense given even minimum wage full-time jobs earn $14,500, and 50 million people report earnings of less than $15,000), we still get a marginally employed/unemployed rate of 25%: work force of 160 million, 121 million fully employed.


6 posted on 09/28/2015 5:51:49 PM PDT by Qiviut (Stand up for Jesus, ye soldiers of the cross; lift high his royal banner, it must not loss)
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To: 2ndDivisionVet

I think his point is that the unemployment numbers don’t include those who quit looking for a job. Wonder how many of those are on welfare.


7 posted on 09/28/2015 5:52:41 PM PDT by McGruff (Trump-Cruz 2016. Make America Great Again.)
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To: 2ndDivisionVet

Prob not 42%, def not 5.1%


8 posted on 09/28/2015 5:52:42 PM PDT by socal_parrot (I hate to say I told you so, but...)
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To: 2ndDivisionVet
actively looking for work

Of course, CNN wants to ignore those who have given up. I'm surprised they don't argue that we should only count people who actively looked for work the previous business day.

9 posted on 09/28/2015 5:53:01 PM PDT by LibWhacker
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To: 2ndDivisionVet

This might get people to start thinking about how the official unemployment number is calculated. They may see it is a farce.....

or not..


10 posted on 09/28/2015 5:53:16 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - Classical Christian Approach to Homeschool ])
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To: 2ndDivisionVet
I just got done watching the entire event this morning when Trump announced his Tax Reform plan and took Q&A.

Trump did NOT state that unemployment was at 40%. He merely stated that ONE EXPERT told him it could be as high as 40%.

Trump did say that the 5-6% being touted by the government was a joke (and I think we all agree there). Trump said that he thought it was closer to 20%.

So Trump said it was more around 20% - not 40%!

Again, the MSM is trying to construct a false narrative and even people here are falling for it.

11 posted on 09/28/2015 5:53:22 PM PDT by SamAdams76 (A businessman gets things done with own money. A politician takes money and gets nothing done.)
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To: mosaicwolf

I don’t care if Ronald Reagan were in office...the government compiling statistics on its own performance is laughably absurd.

It’s akin to giving the scoreboard controls to an NFL coach and telling him ‘keep it fair.’

The numbers are fraudulent and so are the media who, despite billions invested in personnel, technology and facilities, simply parrot the official line. The North Korean state broadcasters have equal credibility.


12 posted on 09/28/2015 5:53:44 PM PDT by relictele (Principiis obsta & Finem respice - Resist The Beginnings & Consider The Ends)
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To: 2ndDivisionVet

It matters little WHY some one is not working at a job. What does matter is that he/she must be supported by tax dollars from those who do bother to drag their azz to work every day. Because most of those without job are not independently wealthy. Most receive free assistance from government.

Since government does not have a money tree, others who work must carry the load via higher taxes.


13 posted on 09/28/2015 5:53:58 PM PDT by entropy12 (When you vote for a candidate, you are actually voting for his rich donors! Trump has no rich donors)
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To: 2ndDivisionVet

Unemployment is at 5.1 percent and HOW MANY people are on food stamps? welfare? housing assistance?

should be slashed dramatically compared to 6 years ago...


14 posted on 09/28/2015 5:54:10 PM PDT by dp0622
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To: SamAdams76

The media has a section of people who are completely trying to knock Trump down a notch or two.

Probably Bush supporters, and probably on the Bush dole.

It’s funny.


15 posted on 09/28/2015 5:55:50 PM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html)
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To: Qiviut

STOCKMAN’S BEST OF THE WEEK, STOCKMAN’S CORNER

The Warren Buffett Economy——Why Its Days Are Numbered (Part 4)
http://davidstockmanscontracorner.com/the-warren-buffett-economy-why-its-days-are-numbered-part-4/
15JUN2015

(excerpt)

At the present time, there are 210 million adult Americans between the ages of 16 and 68—to take a plausible measure of the potential work force. That amounts to 420 billion potential labor hours, if we accept the convention that all adults are at least theoretically capable of holding a full-time job (2,000 hours/year) and pulling their share of society’s need for production and work effort.

By contrast, during 2014 only 240 billion hours were actually supplied to the US economy, according to the BLS estimates. Technically, therefore, there were 180 billion unemployed labor hours, meaning that the real unemployment rate was 42.9%, not 5.5%!


16 posted on 09/28/2015 5:55:55 PM PDT by Jack Hydrazine (Pubbies = national collectivists; Dems = international collectivists; We need a second party!)
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To: 2ndDivisionVet

We are only 20 trillion is debt. What could possibly be wrong?


17 posted on 09/28/2015 5:57:19 PM PDT by Karl Spooner
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To: ChinaGotTheGoodsOnClinton
Even if you don’t like DT, you gotta give him some credit for saying these type of things...

WRONG!

Nothing But Nothing Will Ever Make A TRUMP Hater Say A Nice Thing About Him!

IF Trump Would Walk On Water They'd Say, "SEE, He Can't Even Swim".

18 posted on 09/28/2015 5:57:33 PM PDT by Fiddlstix (Warning! This Is A Subliminal Tagline! Read it at your own risk!(Presented by TagLines R US))
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To: ClearCase_guy

Yes exactly, Trump did not say the unemploymen rate was at 42% he just said he has heard well respected economists state that. To claim otherwise is just a sad attempt by a biased media to distort the truth.


19 posted on 09/28/2015 6:00:30 PM PDT by freespirit2012
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To: McGruff

In college and grad school: about 20 million
Housewives: about 20 million
Retired, under 65: about 10 million
In jail: about 2.5 million

That accounts for a lot of them.


20 posted on 09/28/2015 6:01:43 PM PDT by proxy_user
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