According to economist John Williams of Shadow Government Statistics, the unemployment rate for the month of December 2011 was closer to 22.4 percent–not the 8.5 percent reported by the Bureau of Labor Statistics.
Obama’s 8.5% is far removed from reality.
To get closer to the real number, we must consult the (U6) figure that is often touted as ‘true unemployment’. This figure adds into the equation those who fall under the contemporary definition of ‘discouraged worker’ and those who can only find ‘part-time’ work.
Today’s definition of a discouraged worker is one who has not found work within the last year. Prior to 1994, a discouraged worker was defined as one who had not found work within the last month. That’s a big discrepancy. If we add those lost souls back into the equation, we come up with a more realistic unemployment rate of right around 22.4%. That’s less than three clicks shy of the 25% often cited for the worst levels of the Great Depression in 1933. That 25% unemployment figure was reflective of all workers both on and off the farm.
Many economists, intent on disproving any comparison of today’s unemployment with that of the ‘Great Depression’, will often cite the non-farm unemployment figure of 34%. But it should be pointed out that during that time, 27% of America’s employed worked on the farm. Today that number is only 2%.
It’s just another example of government math. They really think we are this stupid:
Michael Hudson once said Obama’s only plan doe unemployment is a 30% pay cut. I disagree I think it will be more. Please consider:
Translating Zero Hedge: Your Wages Will Be Cut In Half
http://vidrebel.wordpress.com/?p=2845&preview=true
If you want a more complete picture of what the bankers have planned for you, then Please consider:
Pax Judaica To Replace Pax Americana Which Replaced Pax Britannica
http://vidrebel.wordpress.com/2012/01/16/pax-judaica-to-replace-pax-americana-which-replaced-pax-britannica/
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The miidle and labor classes in the USA are getting robbed because of their own self imposed stupidity. They cannot be helped. I gave up trying to explain to friends and relatives exactly what is going on, and now they like me better. My advice, establish a strong financial position if you can and keep a low profile.
My Fellow Americans let us take this opportunity to Pray for Our Country, Pray to God to SAVE this Country for the USA is DOOMED as the Fact of the Matter is that Mitt Romney is a Paid STOOGE & PUPPET of the EVIL ZIONIST JEWS!
The Elections are a FARCE and are Totally Run and CONTROLLED by the EVIL ZIONIST JEWS who CONTROL and RUN the Whole Election Process.
ROMNEY’S ISRAELI HANDLER – Orit Gadiesh, former “War Room” assistant to Ezer Weizman and Moshe Dayan, is the daughter of Israeli Brigadier General Falk Gadiesh (born Falk Gruenfeld, Berlin, 1921) and his Ukrainian-born wife. Gadiesh is chairman of the management consulting firm Bain & Company, the parent company of Bain Capital, and was the company’s managing director under CEO Mitt Romney in 1992.
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