Monday, March 5, 2012

Don't Be Fooled, The Obama Unemployment Rate Is 11%

Here is an example of the sort of numbers manipulation being conducted by several branches of this Administration. I believe they are not only obscuring the REAL UNEMPLOYMENT RATE, as shown in this article, but also manipulating the Cost of Living, GDP, and Inflation Rate among others. [clipper]

"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]


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