Thursday, July 02, 2009

Real Unemployment

Did Øbama Stink Eye just say "The stimulus has worked"???

Well, you know what I say...."his mouth was moving" (for you first time readers, that means: he lied)

Check out the real statistics at Dollars & Sense

Although you have to dig into the statistics to know it, unemployment in the United States is now worse than at any time since the end of the Great Depression.

From December 2007, when the recession began, to May of this year, 6.0 million U.S. workers lost their jobs. The big three U.S. automakers are closing plants and letting white-collar workers go too. Chrysler, the worst off of the three, will lay off one-quarter of its workforce even if it survives. Heavy equipment manufacturer Caterpillar and giant banking conglomerate Citigroup have both laid off thousands of workers. Alcoa, the aluminum maker, has let workers go. Computer maker Dell and express shipper DHL have both canned many of their workers. Circuit City, the leading electronics retailer, went out of business, costing its 40,000 workers their jobs. Lawyers in large national firms are getting the ax. Even on Sesame Street, workers are losing their jobs.

...Some groups of workers are already facing official unemployment rates in the double digits. As of May, unemployment rates for black, Hispanic, and teenage workers were already 14.9%, 12.7% and 22.7%, respectively....

...As bad as they are, these figures dramatically understate the true extent of unemployment...

...With the economy in the throes of a catastrophic downturn, unemployment, no matter how it’s measured, will rise dramatically and impose yet more devastating costs on society and on those without a job or unable to find full-time work.

At the risk of sounding cynical (and you know how I hate THAT) I'd have to agree...considering his goals & what he is trying to accomplish, the "stimulus is working" indeed.

If you think I'm too radical, consider the mindless knee-jerk-jump-up he did against Honduras while tongue kissing Chavez, Ørtega and Castrø. That means something. And we'd be pretty stupid not to understand what that something is: He approves of Marxist Dictators and denigrates Freedom Lovers.

Is there a single scintilla of evidence that this is not true?

I didn't think so.

The Gunslinger

2 comments:

  1. Of COURSE it looks fine from where he sits!If MJ was "The Man In The Mirror",His Fraudulency is "The Man In The Bubble With a Mirror". BTW,I heard an interview a couple of weeks ago re:"unemployment claims are down from last week" blather. The economist on the show said "Well,what they did was move those drawing for more than 6 months off into another category,EUC,and discount them to make the numbers look better".Why don't the "conservative" radio guys point this out? This was on friggin' NPR,f'chrissakes!

    ReplyDelete
  2. Wait, I thought the economy at the end of GWB's term was the worst since the Depression?

    Well, I guess, not so much...

    ReplyDelete