Any ‘working-class’ American, with a fully functioning brain, should have known, over the last eight years, that the unemployment rate was skyrocketing, and the economy, at least for “we the people”, had collapsed in 2008
But now, here is “house-slave” Obama (“step-n-fetch-it”), once again, lying his elite-owned and operated, “tattle-tale gray” ass off:
“I took an economy that was about to go into a Great Depression, and we’ve now had a little over six years of straight economic job growth, an unemployment rate that’s down below 5 percent, and incomes that have gone up and poverty that has gone down.”
What a fucking liar you are, Obummer!
Here, “house-slave” Obama, is the actual truth, which saddles you with the title of bald-faced liar for all eternity:
Record 95,102,000 Americans Not In Labor Force; Unemployment Rate More Like 30%
The “official” unemployment rate (U3) released each month is, to put it in the most straight-forward way possible, a completely misleading and politicized statistic.
The U3 unemployment rate, which is one of 6 ways the U.S. Bureau of Labor Statistics calculates the amount of people out of work, is defined as the “total unemployed, as a percent of the civilian labor force.”
This is the 4.7% number which came out today and the statistic that soon-to-be former President Barrack Obama has boasted so proudly over.
You remember this, right? …
Obama: “I took an economy that was about to go into a Great Depression, and we’ve now had a little over six years of straight economic job growth, an unemployment rate that’s down below 5 percent, and incomes that have gone up and poverty that has gone down.”
Well, today we found out that a record number of Americans are not in the labor force and are not even looking for a job, the same way it was when Obama first stepped into office.
The final jobs report of Obama’s presidency revealed that the number of Americans not in the labor force has increased by 14,573,000 (18.09 percent) since January 2009.
In December, according to the Bureau of Labor Statistics, a record 95,102,000 Americans were not in the labor force, 47,000 more than in November.
They said the unemployment rate was 4.7%! How can that be! The U.S. population is only about 325,340,300 people!
As explained above, the “official” number only calculates the number of unemployed persons as a percent of the civilian labor force.
So, let’s now take the amount of folks who are not in the labor force and get the percentage of the population that this group accounts for. (I’ll use a calculator just so I know Obama never lied to me!)
The reality of the unemployment situation inside the U.S. is much more grim than any politician or bureaucrat would ever want to admit.
And just to highlight how bad the situation is, those people counted as “not in the labor force” qualify to be a part of that statistic because they are no longer looking for work.
It is unrevealing statistics like the U3 unemployment rate that allows politicians to grandstand and pose as your leader.
Joseph Jankowski is a contributor for PlanetFreeWill.com, where this article first appeared. His works have been published by recognizable alternative news sites like GlobalResearch.ca, ActivistPost.com, PrisonPlanet.com and ZeroHedge.com.
The War against the Truth, When the Lie Becomes the Truth. Is Obama Preparing War Against Russia?
At the end of Obama’s presidency, Fiction has become Fact.
A world of fantasy permeates the mainstream media.
The Lie has become the Truth.
“Fake New” has become “Real News”.
And “Real News” by the independent online media is now tagged as Russian propaganda.
What we are dealing with is a War against the Truth.
Concepts are turned upside down.
Political insanity prevails. We are at a dangerous crossroads in our history The dangers of global warfare are routinely obfuscated by media disinformation…
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