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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (71307)	5/3/2012 3:29:42 PM
From: John	2 Recommendations Read Replies (1) \| Respond to of 103300

I fully agree, GZ. The two most damning parts of the article were... However, the unemployment rate is the number of people out of work but who are actively looking. The government doesn’t count in that rate the now 6.3 million who have given up and stopped looking for work, but want jobs. That number has grown from 5.7 million in January 2009. [...] “Some 80% of the reduction” in the unemployment rate from 10% hit in October 2009 to today’s 8.2% “has been from adults quitting the labor force,” says economist Peter Morici. --- That really says it all. In other words, things are so bad that 80% of the reduction since the October 2009 unemployment highs have occurred because the economy is so bad that people simply gave up and quit looking for work. You've often said it best GZ. Under the government's bizarre accounting methods, if 100 percent of the workforce quit work tomorrow and no one was looking for work, voilà! The unemployment rate would be 0% under the government's bull$hit tracking method. It's all a complete sham.