When I heard Friday morning that the unemployment rate dropped to 8.6%, I said, yeah, right.
There were 120,000 new jobs added in November. 50,000 of those new jobs were in the retail sector. How many of those new jobs added will still be around in January?
The real reason that the unemployment rate dropped in November is because 315,000 unemployed workers stopped looking for employment. There are now over 929,000 unemployed workers that have stopped looking for employment because the job market and our economy is so bad. If you add those unemployed workers to the 13.3 million unemployed workers reported by the Obama Administration, that puts the REAL unemployment rate at 14.6%!
Following is a short video that explains the new method of calculating the unemployment rate by the Obama Administration.
Here is the link to the article by Repair Man Jack with his thoughts about the new unemployment rate. Warning. If you watch the video with Adam Corolla, beware, the language is quite colorful.
Read Full Post »
If you didn’t have a chance to watch the Herman Cain – Newt Gingrich Lincoln-Douglas Style Debate on Cspan tonight, you really missed a good discussion. I say discussion because it really wasn’t a debate between Herman Cain and Newt Gingrich. They agreed on every topic except for a couple of minor approaches to fixing the problems. A debate is typically a time where the parties discuss differences in their ideas or points of view. The differences discussed tonight were the differences between their ideas, which they were in agreement on, and the status quo. The discussion tonight was about entitlements; Social Security, Medicare, Medicaid, and Unemployment Benefits. It was excellent, and I wish all of the so-called debates were like this.
You can watch all of the debate on video by clicking on the link below.
Read Full Post »
Posted in Barack Obama, Economic Issues & Economy, Unemployment, Lost Jobs, tagged Barack Obama, economic issues, inflation, Obama legacy, racism, unemployment on June 29, 2011|
Leave a Comment »