PatriotsReign

It's about time mainstream news corporations starting to tell us the truth!

For all those who gave me grief over my moaning about the lies we were being told concerning our unemployment rate.....

I was right and you were wrong....but what-the-heck, it was only 7 or 8 points of unemployment we were talking about...right?

US Jobless Rate Really at 16%, Not 8.1%

US Jobless Rate Really at 16%, Not 8.1%: Expert - Yahoo! Finance

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"No one walking this earth knows what is truly righteous"

DarrylS

So you want to change the rules the Reagan changed, from MSNBC even though it is a Yahoo reference????

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"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

JackBauer

This isn't MSNBC, it's CNBC.

And yeah, it's fine if you want to use another metric if you feel it more accurately captures the real unemployment rate. But you need to be consistent (so, basically, not like Fox News).

PatriotsReign

After I clicked on "Submit"...I started counting 3-2-1 que Darryl and his Reagan comment

And you came through in FLYING colors just like I wanted you to!!!

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"No one walking this earth knows what is truly righteous"

patsfan13

Millions of people unemployed and the sycophants in the MSM and elsewhere spin like tops.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

PatriotsReign

I changed it to CNBC....thanks!

I agree regarding consistency. But if we changed the methodology, we'd actually see that the REAL unemployment rate hasn't come down nearly as much as under the current reporting system because not nearly as many workers would "fall off the list" and stopped being counted.

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"No one walking this earth knows what is truly righteous"

Holy Diver

its ALWAYS twice as high as reported.

This has been the case since I can remember. Due to UNDER-employment, counting the military, and not counting those who simply stopped looking for work.


I swear, sometimes, its like right wingers crawled out of from under a rock that they put on top of themselves and are screaming "ROCK!!!.....look at that ROCK!!!...WTF!!???..."

JackBauer

How is using and reporting on the same measure of UE that has been used by the government and in media an example of media spin?

Patters

I think there are several issues going on here. The Republican governors were zealous at cutting the state employment rolls, pushing 700,000 more people into unemployment. Even with unemployment insurance and benefits, that probably translates to loss to the economy of roughly $15 billion, which probably put a lot of other people out of work. In other words, the deficit hawks have contributed mightily to this crisis.

In addition, the collapse of unions and pensions has resulted in people generally earning less, having weaker retirement funds, and being able to save less, which further reduced the spending ability of Americans and hurt the labor market.

I believe the problems started in the 1980s with Reaganomics, which recklessly cut taxes on the wealthy (and created record deficits too), cut programs designed to help poorer people enter the middle class, and reduced the influence of unions that helped create a middle class that had enough money that they could support their local small businesses.

Now, we are in a situation where many older people need to continue working longer than they planned, often taking away jobs from younger people. Until we return to a more sensible economic model, like that which predated Reagan, it will be difficult to turn the economy around. I think Obama has taken steps in that direction with the stimulus plan, the auto bailout, his plan to raise taxes on the wealthy, and his general support of public unions.

The conservatives don't really seem to have a plan. They seem to have a superstition, namely if you reduce government, cut taxes, and cut services, everything will be okay. That's based on absolutely nothing, i.e., there is neither real evidence or logic to support that theory. Reagan tried it, and unemployment rose to 10.8% (at which point he changed the methodology), so Reagan raised taxes and created record deficits, and suddenly the economy was doing well again.

PatriotsReign

Except the OP (me) is not a "right-winger" HD!

The reason WHY so many highly intelligent people are complaining is this...now read closely HD!

The current "Recession" is the longest since the Great Depression.
The longer a recession lasts, the more people "fall off the list"
This has never been an issue in my lifetime or yours Holy Diver.
But it's an issue today and moving forward.

It is more important than ever that we understand just how bad the unemployment picture is. We need to understand if going from 10.7% to 8.1% unemployment truly means people are going back to work (they're not). Or if it's just math. Because this will tell Americans what we DESERVE to know because when it comes the condition of our economy, you & I have every right to know EXACTLY what that condition is and our gov't has NO RIGHT to deceive the average citizen of that condition.

Should make sense to you now HD.

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"No one walking this earth knows what is truly righteous"