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To: gpowell who wrote (16821)	2/6/2004 11:26:01 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

I must have been otherwise occupied. I had just graduated from U.C. Berkeley in 1978 and I don't recall anyone having trouble getting a well paying job. Certainly my wages and those of my friend's were jumping strongly ahead of inflation. Those unemployemnt numbers do seem high - But of course they used to count all of the unemployed people back then, not just some of them. I recall the American auto companies were on the skids back then, but then what do you expect when you manufacture crap. It's difficult to compare the distorted and massaged government statistics of today with those published in the 1975 to 1985 era. Once you take out the baloney, I'd bet the current numbers would make that earlier era seem pretty tame.

To: gpowell who wrote (16821)	2/6/2004 12:05:57 PM
From: Elroy Jetson	Respond to of 306849

Come to think of it, Paul Volker ran the Fed during the period of 1975 to 1985 and retired in June of 1987. Oh, the good old days. Then Greenspan took over and the disasters started to happen - starting with a crash in the stock market wiping out 35% of people's portfolios in a few days. The Federal Budget Deficit ballooned under Reagan, Greenspan went on to create a stock market bubble, and introduce systematic lies into virtually all government statistics. The perfect way to cap off this fiasco would be to replace Alan Greenspan with Ben Bernanke. Then we'd really enter the Hall of Horrors.

To: gpowell who wrote (16821)	2/6/2004 2:28:51 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

oh come on.... this is the kind of statistical trickery the government uses. The reason UI claims are low is because we are adding hundreds of thousands of permanently unemployed to the statistics. That is where all my ex employees are, permanently unemployed OR asking "do you want fries with that". There are actually 9 million underemployed or unemployed looking for work. Bush is the first president to have a net job loss (and its a big one, over 2.5 million jobs) in his term since Hoover. I am sure you have heard that statistic before. To get the real story on the jobs situation, just look at the declining federal income tax receipts. Every month, down further and further. There is significant wage pressure for the jobs that do exist.