Dept of Labor- Actual Unemployment @ 16.8% not 9.7%…
Yesterday we were told that unemployment is at 9.7%, but this number is only accurate if we count those who are unemployed i.e have NO work and have NOT had work for 15 Weeks or longer. Looking at the Department of Labor stats however, when one factors in: *The Recently Unemployed: All those who have [...]
As 467,000 Jobs Lost In June, Abject Failure of Stimulus Becomes Clearer…
When Barack Obama was pushing for his stimulus, anyone who understood basic economic theory knew that the premise for it was fundamentally flawed; you grow the economy by lowering taxes, not by printing more money and increasing government spending. Either way, despite the Stimulus, official unemployment numbers have hit a 26 year high of 9.5%, [...]
