WHAT IS THE REAL UNEMPLOYMENT RATE?

Delegate Scott Lingamfelter is running to be a Delegate to the National Republican Convention. Why?

Exhaustive Unemployment

I find myself isolating between amazement and disgust when I hear President Obama take credit for improving unemployment numbers. We are now told by the Obama sycophants in the media that we should be elated that unemployment has dropped from 8.2% to 8.1% in the past month. “Alleluia, we’ve now recovered, pass the tin cup!” so chants the MSNBCs of the world, but nothing could be further from the truth.

When you look at the number of people who have just given up looking for work, you will see that they are NOT included in the numbers that are used to calculate the so-called improvement in the unemployment rate. In fact, if they were included THIS month, unemployment wouldn’t have dropped a tenth of a percent, it would have actually risen to 8.5%.

In reality, REAL unemployment is 14% when you include the folks who have thrown up their hands and quit looking for a job in the Obama economy. These folks are the face of what I would term “exhaustive unemployment”. And this my friends is the legacy of the Obama Administration: retard the growth of the American economy through mindless polices laced with socialists nonsense, drive people to exhaustion looking for jobs, cull them out of the groups actively looking for work when they give up, and then take credit for a lackluster performance. How’s that for “hope and change”?

Message for Delegates to the 1st Congressional District Convention: This reason and others are why I am running to be a Delegate to the National Republican Convention in Tampa this August. I am committed-no, determined-to see that the Obama economy pass into history along with this failed President. I hope those of you who are Delegates to the 1st Congressional District Committee will support me as your voice in Tampa. We must win. America is depending on us. I hope you will send me there to represent you!

Sic Semper Tyrannis

3 thoughts on “WHAT IS THE REAL UNEMPLOYMENT RATE?

    1. I have been unemployed. So I understand the experience, but I don’t understand the point of the comment. It strikes me as rather flippant. You don’t care about anyone but yourself? That does not seem to be what your blog would indicate.

      Relatively speaking, more people are out of work than usual. Instead of encouraging economic growth by keeping the cost of government small and minimizing the cost of regulation, our government is doing the exact opposite.

      Consider what the Comptroller General said in 2007 (http://www.gpo.gov/fdsys/pkg/GAOREPORTS-GAO-08-93SP/html/GAOREPORTS-GAO-08-93SP.htm).

      In 1797, U.S. government spending represented about 2
      percent of the U.S. economy and now it represents over 20 percent.

      By 2009, U.S. government spending went up to 25 percent of GDP, and in the last couple of years it has remained over 24 percent (http://www.whitehouse.gov/omb/budget/Historicals). There is no good reason for that.

      The case against over-regulation is only slightly less obvious. Consider this observation. The same people who think the government should own and operate everything see no problem with reams of government regulations. Thus, when I read an article like this in the Washington Post (http://www.washingtonpost.com/business/economy/does-government-regulation-really-kill-jobs-economists-say-overall-effect-minimal/2011/10/19/gIQALRF5IN_story.html), I think the author absurd. The article uses the example of coal-fired power plants. When our president promised to put coal out of business, we are suppose to believe Democrats intend to be helpful to job creation? Why? The Democrats never did a cost/benefit analysis; they just arbitrarily decided to put coal out of business.

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