The other day I was reading a liberal blogger on Google Plus I follow, and he was pushing the absurd agenda that the jobless rate should be about 7%. They do some calculation based on the affect of “Republican obstructionism”, and then do a deduct from the current official rate. Of course that never explains why there are MILLIONS of fewer people with jobs now as compared to the day Obama came into office.
I saw this calculation showing 22.3%. This from MoneyNews.com:
So What Is the Real Number That Obama Would Prefer You Don’t See?
The real unemployment rate is an eye-opening 22.3%, according to John Williams with Shadow Government Statistics . . . nearly triple the “official unemployment rate.”
But as alarming as this number is, certain experts — like Dick Morris, John Bolton, Lou Dobbs, Newt Gingrich, and Larry Kudlow — believe our economic situation could get much, MUCH worse.
There is more!
Read more here: Jobless rate is inaccurate as Obama Plays a Numbers Game