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True US unemployment rate stands at 17.5%
Posted: Nov 7, 2009
I first heard this on Hardball last night, when Chris Matthews mentioned it. Knew I couldn't use MSNBC here as a source (though wondered whether MSNBC would be newly acceptable in view of the message he presented).
http://rawstory.com/2009/11/real-unemployment-rate-stands-175/
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Saw that info in my local newspaper today - Backwards typist
[ In Reply To ..]What the number crunchers are doing is forgetting the major issues; those that no longer have unemployment; those that have part time jobs, those that have quit looking because they are so discouraged, etc., etc.,
Sorry to say that Obama only seems to think money helps the situation, which it doesn't. The more money he throws out there, the less the unemployed and businesses will try to figure out what to do.
The same article states that at this time next year, they expect uneployment to be near 9.2%. That doesn't say much for the government.
Hopefully, they will wise up soon. Our country is down the drain. Stimulus money (which, of course, we DON'T have) is the problem, not the solution.
So far, I see a president who doesn't know how to be president. After all, he helps large banks and businesses, but forgets that the "little people", you and I, are the consumers and it's the consumers who keep this country going, not the above.
What has he done for the little people? NADA.....and now FM wants to "help" by letting those close to foreclosure by "letting them rent their homes for a year, then on a month-to-month basis" while FM keeps the deed to the house????? Aren't they wonderful!
In my opinion, it's just another government take over. FM couldn't run their mortage program successfully, and now they want to be landlords.
Where will it all end? Probably when the government has everything in its back pocket, unless we stop it and SOON, not later.
You prefer those little rebate checks? - NJ
[ In Reply To ..]I think some people were spoiled by GW tossing a tiny rebate check their way once in awhile. It did nothing to help the economy but people got excited because it was theirs, by golly!
Question for you: have your taxes gone up or down? Mine have gone down. You already see some of Obama's stimulus in your take home pay. He just didn't think it necessary to send it in a lump sum to be sure you noticed it.
NJ
What rebate checks? Never got a single one. - Backwards typist
[ In Reply To ..]To answer your second question, I don't see where my taxes went down.
I stand by my original post and to put it more bluntly, O is killing this country. Period.
I was willing to give him a chance and he's been in office almost a year, but I see nothing happening for the good of the people, just for the good of the government and all his cronies. I see a man who is tortured when he has to say something good about the military (Ft Hood shooting for one). I see a man who cannot make a decision in a snap second. I see a man that, God forbid, if our country is attacked by terrorists again, he will take 2 weeks or more to make a decision to fight back or even protect this nation during an attack.
He thinks printing money that we can't back is the cure. It is not! All it does is devalute our dollar and put us in more debt than we've seen in all of history. If he keeps it up, we will be taking wheelbarrows full of money to buy a loaf of bread...and if you've seen prices in the supermarket lately, it's happeneing.
Maybe you think prices haven't gone up, well...some really haven't....BUT they have downsized the packages. As an aside, I was dying for some ice cream last week. The price? On sale for
2/$7....for 1.5 liters. Last year, 2/$5 for 1/2 gal. That's not the only so-called sale items I've seen. How about mayo (Helmann's) at 2/$7, yet last year 2/$4. Steak last year $4.89/lb, this year $9.
The dollar is devalued because of the spending policies taking place and all us "little people" have to pay the price. We are being totally $crewed all the way, as our our children, grandchildren, and great-grandchildren.
It has to stop even if it means throwing them all out, repealing some of the laws in place now, and above all, making sure our representatives are just that...OUR representatives, not business, not lobbyists, etc.
Oh, BTW what happened to the promise O made about lobbyists? Seems to me that that promise went by the wayside because they are donating heavily to his party affiliates.
It's worth a shot - NJ
[ In Reply To ..]I'm not sure you're going to believe the CPI, but here's the link to it.
As far as downsizing packages, that's been going on for decades. Companies think you won't notice a change in size as much as you would a change in price. Good for you that you caught it. (Seriously, no sarcasm.) But it has nothing to do with Obama. It's a corporate decision.
You believe one thing about where the country is headed. I believe something else entirely and I am extremely grateful that it has reversed course.
The change in your paycheck should have shown up about last March, by the way.
NJ
About that extra money, NJ.... - AzRain
[ In Reply To ..]Hopefully you won't be in for a little surprise when you file your taxes next year, NJ. A whole lotta people are going to owe additional taxes on that little freebie that Dear Leader (PBUH) decided to give us little people.
Please see message. - Nikki
[ In Reply To ..]The first sentence in the link I provided is as follows:
"According to figures released by the Department of Labor, the real marker of American unemployment stands at 17.5 percent -- a figure which takes into account under-employed workers and those who have not sought work in the last four weeks, according to a published report."
The first sentence in your response is as follows:
What the number crunchers are doing is forgetting the major issues; those that no longer have unemployment; those that have part time jobs, those that have quit looking because they are so discouraged, etc., etc.,
The last "public" figures I heard were anywhere between 10.2% and 10.8%. The entire reason I posted this link was BECAUSE it included the group of people you contend it they DIDN'T include, thus increasing the true number to 17.5%.
I first heard this Friday night on Hardball, MSNBC, and I wanted to post the video of Chris Matthews revealing this information, but I figured people would see MSNBC and not bother to watch/read it.
When I noticed it reported on from another source, I posted it, but it still seems nobody read it, anyway.
Ways to count - NJ
[ In Reply To ..]When you count those who are "underemployed" (not working as many hours as they would like) and those who have stopped looking, you get the 17%. There are also seasonal adjustments.
It's a pretty sad state of affairs. Personally, I would like to see infrastructure jobs open up, although that's tough with winter coming. I am really dreading what is going to happen when our power grid starts to fall apart :(
NJ
Thanks, NJ. That's what my post was trying to reveal. (sm) - Nikki
[ In Reply To ..]And I first heard it on -- aghast -- that "lying, dishonest" MSNBC. Can you imagine the replies if I would have posted my FIRST source on this??? LOL!
Hope you have a great day.
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