Friday, February 5, 2010

Unemployment down to 9.7%! Uh, maybe not.

By Winston

While Obama is out there tooting his own horn today claiming the 'Stimulus Package' is working, there were actually jobs lost. How can the unemployment rate drop from 10% to 9.7% and we still lose 20,000 jobs? You will notice Obama isn't discussing the 20,000 lost jobs, just the lower percentage. One of the reasons is because so many people lost their unemployment benefits (so they're no longer counted), but the main reason is that they're drastically tinkering with the total current jobs available in the US. By simply changing the base number by a few million, you can have what appears to be a lower unemployment rate when in reality there are more unemployed people out there. Clever, but no one but morons should believe one word out of Obama's mouth when it's regarding a positive announcement in the economy. He's doing the complete opposite of the proven method to fix it and despite them adjusting numbers to make it look good, it's going to get worse until we get these socialists out of office.

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