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Sunday, October 4, 2009
9.8% Unemployment - Amazing Graph Showing Percentage Job Losses
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Even scarier:
ReplyDeleteThe government's U-6 unemployment rate (more accurate because it includes people "who have given up" and some others) is around 16.8%.
EVEN SCARIER:
The government uses a fudge factor to calculate the U-6 rate. Wanting to downplay the severity, the government uses a fudge factor that is not as realistic as some economists would use.
For example, Bob Chapman of www.TheInternationalForecaster.com estimates U-6 to be more like 21%! That's 1 in 5 out of a job.
The Obama administration has not only KILLED off manufacturing jobs that will NEVER COME BACK, the administration has actually loaned money for companies to build cars....in China.
This is all by design. It's not a conspiracy. It's an AGENDA.
I really wish this was not true, but I don't think so.