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February 11, 2012
Don't Be Fooled, The Obama Unemployment Rate Is 11%
In the latest, much celebrated, unemployment report, the labor force participation rate had plummeted to 63.7%,the most rapid decline in U.S. history. That means that under President Obama nearly 5 million Americans have fled the workforce in hopeless despair. The trick is that when those 5 million are not counted as in the work force, they are not counted as unemployed either. They may desperately need and want jobs. They may be in poverty, as many undoubtedly are, with America suffering today more people in poverty than in the entire half century the Census Bureau has been counting poverty. But they are not even counted in that 8.3% unemployment rate that Obama and his media cheerleaders were so tirelessly celebrating last week. -- - Forbes
Posted by gerardvanderleun at February 11, 2012 11:21 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
Yes that's nice to know, isn't it?
Here's the challenge: making the somnolescent morons who make up a large portion of the "independent" electorate understand that. The GOP is not very good at that; I wish I was wrong, but they're not.
Posted by: Don Rodrigo at February 13, 2012 11:50 AM