The Real Unemployment Rate: 22% – Not 8.1%, hyperinflation on track for 2014
“There are three kinds of lies. Lies, damned lies, and statistics.” Mark Twain
(Update: September Unemployment: 7.8% (U.3), 14.7% (U.6), 22.8% (shadowstats)
With Deliberately-Inconsistent Numbers, Only the BLS Can Clear-Up the Reporting
Only 24.6 Percent Of All Jobs In The United States Are Good Jobs Endoftheamericandream.com)
“Jim welcomes back John Williams from Shadow Government Statistics. John believes the real unemployment rate is 22%, not 8.1%, which is why it still feels like a recession. He also calculates the CPI at 6%, not 2.8%, and explains how the government manipulates the rate of inflation. Lastly, John believes the US is still on track for hyperinflation in 2014 as we near the coming fiscal cliff. Listen to the interview.
John received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth’s Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies. Formally known as Walter J. Williams, his friends call him John. For nearly 30 years, John has been a private consulting economist and, out of necessity, had to become a specialist in government economic reporting.”
This is what Ron Paul has been preaching about. Romney solution it to ask parents for money so that everyone has a business. Obama uses what works and plays the blame game. Romney job approval rating had cratered to 36 percent when he left office. Unemployment went down because many have left the state or got taken off the record. Romney is running on the same hope & change as Obama and without talking about his political record as much.
Do not expect Obama or Romney to make things better since they did not present a real economic plan.
Obama has obviously not make things better, and Romney’s overall job approval rating had cratered to 36 percent when he left office. Reagan got a bad economy he he didn’t blame Carter while in office and did something about it by selecting the right people which both Romney and Obama refuse to listen to.
Reagan praised and hires people like Milton Friedman which his economic strategy was the opposite of what Bush, Romney or Obama push for which many forget or do not know.
On the other hand “Rasmussen: Only 19% See Obama, Romney As Best Possible Presidential Candidates”
For some that still do not get it check out “100% PROOF! Obama is a KEYNESIAN!”
Here is a joke to understand it better ‘My wife’s a Keynesian – she’s always spending herself out of depressions.’ Any rational person will understand that does not sounds logical, so why do these politicians continue to do so should be the questions.
Also check out
White House on disastrous jobs report: Problems in the labor market won’t be solved “overnight,” you know
Has the worst recovery ever left 6.5 million jobs on the table? Hotair.com
Weekly jobless claims steady, mainly, at 370K
““Steady,” in this case, depends on how one looks at the jobless claims numbers.”