Tuesday, March 24, 2015

The lie of the improving economy


http://economyincrisis.org/content/our-economy-is-not-improving   Wake Up! The American Economy is NOT Improving!

http://economyincrisis.org/content/is-americas-economy-really-improving  "The truth is that the United State’s economy is unstable and in dire conditions."


Forbes " By any standards he’s been a bad President–idle, muddled, contradictory and weak. His one major achievement, ObamaCare, is likely to prove costly and inefficient. He has neglected U.S. defense and allowed Vladimir Putinto strut around the world stage almost unopposed. Obama’s Administration is crowded with enemies of business. If it has an ideology, it’s watered-down socialism. Obama has done nothing positive for the economy, and many of his decisions have been discouraging and obstructive to private enterprise."

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image: http://www.wnd.com/files/2013/08/unemployment_line.jpg
Unemployed workers look for jobs
Unemployed workers look for jobs
In a scathing attack on what he calls the government’s “extremely misleading” unemployment statistics, Gallup Chairman and CEO Jim Clifton publicly affirmed today what many have known for a long time: The federal government’s economic statistics, including unemployment, are grossly and intentionally misstated for the purpose of making the economy appear better than it is.
“There’s no other way to say this,” Clifton writes on the Gallup website. “The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”
Decrying all the “celebrating from the media, the White House and Wall Street about how unemployment is ‘down’ to 5.6 percent,” as well as the “deafening” media cheerleading of the Obama administration, the chairman of one of the biggest and most respected names in polling says the government, media and wall street – all of them – are lying to the American public.
“The media loves a comeback story, the White House wants to score political points and Wall Street would like you to stay in the market,” he says.
However, what “none of them will tell you,” Clifton adds, “is this,” citing several entire categories of the unemployed that the Bureau of Labor Statistics intentionally omits from its “official” unemployment stats:
If you, a family member or anyone is unemployed and has subsequently given up on finding a job – if you are so hopelessly out of work that you’ve stopped looking over the past four weeks – the Department of Labor doesn’t count you as unemployed. … Right now, as many as 30 million Americans are either out of work or severely underemployed. …
Say you’re an out-of-work engineer or healthcare worker or construction worker or retail manager: If you perform a minimum of one hour of work in a week and are paid at least $20 – maybe someone pays you to mow their lawn – you’re not officially counted as unemployed in the much-reported 5.6 percent. …
Yet another figure of importance that doesn’t get much press: Those working part time but wanting full-time work. If you have a degree in chemistry or math and are working 10 hours part time because it is all you can find – in other words, you are severely underemployed – the government doesn’t count you in the 5.6 percent.
Such statistical games are nothing new. Right before Election Day 2012, the government’s official unemployment rate, after close to four years above 8 percent, surprised everyone by breaking through the psychological 8 percent floor with a September “jobless rate” of 7.8 percent. The news was hailed by the Obama administration and the media as proof the president’s controversial spending and regulatory policies were indeed working to heal a troubled economy.
High-profile skepticism was immediate. Jack Welch, former chairman of General Electric, suggested fudged data: “Unbelievable jobs numbers … these Chicago guys will do anything … can’t debate so change numbers,” Welch tweeted.
Real-estate billionaire Donald Trump agreed with Welch: “He’s 100 percent correct, in terms of his statement about jobs. And after the election they’ll do a big correction.”
Added Home Depot co-founder Ken Langone: “I give Jack a lot of credit for being there and standing out. It makes it easier for me because he and I share the same point of view. These numbers don’t square with what’s going on with the economy.”
The White House shot back at the skeptics, with Labor Secretary Hilda Solis protesting, “This is a methodology that’s been used for decades. And it is insulting when you hear people just cavalierly say that somehow we’re manipulating numbers.”
However, at the time, even the government’s own Bureau of Labor Statistics report admitted: “In September, 2.5 million persons were marginally attached to the labor force.” Even though these individuals “wanted and were available for work, and had looked for a job sometime in the prior 12 months … they were not counted as unemployed because they had not searched for work in the 4 weeks preceding the survey.” In other words, the government openly admitted that 2.5 million unemployed Americans were not counted as officially “unemployed.”
When factoring back in all the unemployed who haven’t shown up at a government employment office in the last four weeks, the underemployed, and the 92 million people who have dropped out of the labor force (the highest number since 1978), the real unemployment rate, according to non-government economic analysts, is typically two to three times the “official” rate.

Read more at http://www.wnd.com/2015/02/gallup-ceo-exposes-obama-big-lie/#DdfhBXbX8BhUIbyO.99

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