Tuesday, November 10, 2015

Obama Supporters Boast Unemployment 5% while Real Unemployment Over 22%

What is more shocking that unemployment is over 22% or that Obama supporters are boasting he has improved the unemployment condition since in office?  There are a few critical factors that refute his claim to low unemployment.

In 1994, the way unemployment is calculated was change to eliminate discouraged, and other marginally-attached workers.  This effect wasn't fully realized until the 2008 crisis.  Which in my opinion is a full depression. Shadowstats (a website run by an economist), still calculates the unemployment the way  prior to the change (the correct way), and refers to it as "Alternative Unemployment".


As the chart shows, the unemployment is well over 22%.  Lets compare that to the great depression.

The above chart shows unemployment in the great depression.  As you can see it spiked temporarily above 20%.  This means that the unemployment now (under Obama) is worse than the great depression!  When you consider the amount of people on food stamps, it can hardly be considered an "economic recovery" or improvement in unemployment --- that is just an outright lie.  Remember the food lines of the great depression were a reminder of the hard times --- today, this is done on credit cards given through the SNAP program.

Food lines Great Depression before EBT Cards

Ruffly 15% of the population is on food stamps today but they are not standing on the streets - they have a credit card provided by the government.   For those that still insist unemployment is improving since 2008 under Obama --- lets take a look at the official labor participation rate statics which has not been altered like unemployment.

Labor Force Participation Rate:
The labor force participation rate since 2008 and throughout Obama's presidency has been on a steady trend downward.   This supports the alternative unemployment figures and contradicts the 5% unemployment numbers being reported. 

Aha! I caught them in another lie.  

Young Turks Lie About The Unemployment

Here's yet another chart that proves the economy isn't improving or that the unemployment is what they say it is --- because if unemployment were so low and economy so strong as they say and what the stock market indicates there would not be a divergence of rising food stamp users with declining unemployment.. Of course if you just accept the truth that the real unemployment is over 20% you don't have to ask questions but we have to look for transparency because they are feeding us bad data to cloak the depression we are in.

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