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Forum Post: Unemployment stands at 8.2 yet Obama admin says economy is improving

Posted 8 years ago on July 6, 2012, 8:56 a.m. EST by jade434 (5)
This content is user submitted and not an official statement

Obama admin, one lie after another



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[-] 2 points by HempTwister (667) from Little Rock, AR 8 years ago

Obviously more tax breaks for the rich is the answer. Like Wisconsin.

[-] 1 points by 2percent (0) 8 years ago

The Bureau of Labor Statistics (BLS) reports various statistical unemployment rates and one measure is called U3, currently 8.2%. U3 is the statistic the media reports, but a more accurate statistic to view the USA unemployment rate is U6. U6 is now at 14.9%. This measure takes into account people who a "marginally" employed, like the 7 eleven worker with a masters degree.

Link: http://www.bls.gov/news.release/empsit.t15.htm/

Link: http://blogs.wsj.com/economics/2012/07/06/broader-jobless-rate-ticks-up-to-14-9/

[-] 1 points by JackPulliam3rd (205) 8 years ago

It's not Obama's fault.

[-] 1 points by jade434 (5) 8 years ago

He has been in charge for four years so who's fault is it???????? George Washington??

[-] 2 points by DKAtoday (33802) from Coon Rapids, MN 8 years ago

Government - all - of government that is who is at fault - a fucked up congress along with a truly ineffective Senate authoring and promoting bad legislation - and the People are at fault for letting our government do this unopposed.


[-] 0 points by betuadollar (-313) 8 years ago

Try telling that to the people of North Carolina. Many of them quit even thinking about employment years ago.

[-] -1 points by 1sealyon (434) 8 years ago

Job growth right now in the US has as much to do with productivity as anything else. Would we be having this discussion if the un-employment rate was 6.2 % instead of 8.2%? A 2 % increase in productivity is almost a 1:1 offset for job growth. We have seen good productivity growth over the last 3 years. I guess we can blame un-employment on our fellow Americans for working too hard.

[-] 2 points by jade434 (5) 8 years ago

The actual unemployment numbers are much higher but the Gov will not tell us that

[-] 1 points by 1sealyon (434) 8 years ago

Agreed, but if the official number was 6.2 instead of 8.2 it would be a non-issue in Nov.

[-] 1 points by jade434 (5) 8 years ago

I am not a Dem or Rep but I think that both parties need to get kicked to the curb. Years ago they worked for us but the Gov has grown so large now they think that we work for them

[-] -1 points by 1sealyon (434) 8 years ago

The problem is not Dem or Rep, the problem is the tremendous growth of corrupt, mediocre, and inept Fed Gov.

Local, and to some extent State governments are kept in check by things like balanced budget requirements and the ability to manage relatively small systems. They have to look you in the eye when they screw up or raise taxes. The Fed Gov is just too large and being a monopoly has no motivation to pursue excellence.

A less centralized system would work better. Reduce the Fed power by passing more to the States, or perhaps create regional provinces that would better serve the people.

Generally smaller is better. Cut off the money supply to Gov. That will help.