Wednesday, February 4, 2015

Official Unemployment Rate - A Big Lie

Jim Clifton, the CEO of Gallup, a respected organization that compiles all sorts of data, recently stated the 5.6% Official Unemployment Rate announced by the Obama Labor Department is a Big Lie.  Clifton concludes this because Americans out of work for more than 4 weeks are no longer counted.  Instead, Clifton says that there are 30 million Americans either out of work or severely underemployed.  This Blogger has been saying the same thing for two years.  It is only common sense.

How can we have almost 50 million Americans on Food Stamps and Welfare, up 20 million since Obama was first elected.   And, 10 million Americans collecting Disability Benefits, up 2 million, since Obama first took office and actually have a 5.6% unemployment rate.  The fact is that we have the lowest Labor Participation Rate at about 62% and the highest poverty rate both in three decades.   The Middle Class is earning less today in real terms than when Bush II was President.  Obamanistas and all their Socialist Schemes have made a mess of the economy.  The only reason the stock market is doing well is because American companies have laid off thousands of people cutting their cost and because there is no place else to put money to get any kind of return. 

The real unemployment rate, if all are counted, the unemployed, the under employed working part time that want full time work and those that have just given up looking for work altogether would be about 20% if Clifton's numbers are correct at 30 million impacted Americans.   This Blogger has said many times that Socialists will lie, cheat, steal, borrow, extort, target their enemies and history teaches us even murder to stay in power feeding at the trough.  American Socialists like Obama and his pals in Congress and the left wing media would absolutely manipulate numbers to make themselves look like their policies are succeeding.  However, the electorate knows better, which is why the Republicans took over the Congress.  As Abraham Lincoln once said, you can fool some of the people some of the time; but you can't fool all of the people all of the time.  We don't call Obama Pinocchio for nothing.   The number of people living in poverty tell the story. 

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