The powers that be once chimed in that being in the 8% unemployment (UE) range was a bad thing now praise it as a success in the economic recovery!
You must have heard by now on how the economy has added 120,000 jobs which didn’t hit its estimate but lowered UE to a whopping 8.2% from 8.3%. Did you know the powers that be have left out 88 million people from the workforce numbers? 88 million people no longer “count” to this regime, oh that’s a record by the way! Obama even bragged about how they weren’t the best but “we are adding jobs”. What he left out was the US would have to create 264,000 jobs a month to just break even under a Obama regime over the next 5 years (at the least) to get around 5% UE.
Now for a real shocker to these numbers UE is approx 22.5%!
(ShadowStats.com: Alternate Unemployment Charts
The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.
You will NEVER hear these numbers mentioned anywhere other than in the blogosphere. Don’t expect Fox Business, CNBC, or any other financial news to put those numbers out. The true UE numbers are at depression era levels. Why won’t the PTB and Obama Stream Media report it?
That’s a simple one to answer it’s called panic and collapse! The “D” word will never be used because all parties know the markets will crash here and over seas, dollar will drop officially being worthless paper, price of oil will skyrocket, inflation will leave everyone’s head spinning, entitlement programs will be non-existent leading to chaos in the streets.
The entitlement programs ARE WHY people are in denial. All these programs are in place replacing the food, unemployment lines etc we saw in the 30’s. This is one of the reasons so many are in denial, they forget when the money stops flowing to these programs America will appear as many already perceive it!
No, I’m not kidding about any of this. Why do you think “they” keep trying every trick in the book to keep things going, from stimulus, bailouts, to QE2, QE3 etc etc. The Fed is printing money to keep things a float, and the money isn’t just staying in the US. In December over the Christmas holiday over 600 BILLION was shoveled to the EU! And NO we haven’t been here before, it can’t be fixed because this has NEVER happened before on a global scale!
Greece is on the verge of total collapse after many bailouts, Spain is now making similar headlines and you will see other nations repeat the story. All the economies of the world are tied together. Its called MAED, Mutually Assured Economic Destruction! Consider this for any of you naysayers out there, the economy of California is bigger than Greece. CA is broke, what do you think will happen to the US when CA and other states start to fall. It’s already happening by the way, many municipalities are filing bankruptcy. Don’t take my word for it do the research.
Everything is out there folks about whats going on you just have to put the pieces together to see it!
Do you see any actions by the marxist occupier in the White House to create jobs? He talks a big game but every single one of his policies has done nothing but hurt and stifle business.
So when you get together with your family & friends this holiday weekend ask a simple question to the lib of the group, who defends Obama, what has Obama actually done to create jobs and stimulate business? You will probably get the typical talking points, don’t settle ask the hard questions, ask for examples and accomplishments. Or, will you be quiet, keep your mouth shut when you hear something absurd being said because you don’t want to upset anyone, while you go online and vent?
Time for being silent even with family & friends is over….