The 8.2 percent unemployment numbers released Feb. 1, 2012 are based on the removal of another million-plus jobs. There are less jobs available now than in 2008. Until the jobs number increases, unemployment figures will not reflect the recession’s true depth. No President since Franklin Roosevelt has been re-elected with an unemployment rate of 8 percent. That’s why this administration and those in the media who support Democrats want you to think unemployment is going down.
Unemployment is not predicted to go down for another three years, at least. The Congressional Budget Office (CBO) in a Feb. 1 report pegged true unemployment at more than 10 percent. It shoots up to 15-plus percent if we add the number of people who quit looking, and part- timers looking for full-time work. New York State Comptroller Thomas DiNapoli’s report confirms those numbers. However, that has more to do with New York's economic policies than Federal policies.
The CBO projects economic growth to be 2.2 percent this year and 1 percent for 2013. Its report cites existing tax policy next year and anti-energy production this year as reasons for the uptick.
http://portalseven.com/employment/unemployment_rate_u6.jsp
Bazzo 02/27/12
Bazzo 02/27/12
I can't believe anyone believes that the economy is improving...they can't convince most of us because we are either unemployed or hurting even with a job.
I don't think this nation was ready for wholesale change in this regard. We should have moved less aggressively ... in smaller, well considered steps ... just as we've done with a number of issues over the last decade. Americans are a unique sort. They value individualism and the self-reliance ethos that is often discussed. Had the current administration been more judicious and less consumed with a very radical overhaul then several positive things might have happened. First, we would have made incremental adjustments to the healthcare issue. We can debate the type of steps, but the truth is, this broad-plan has caused great uncertainty in a lot of sectors ... and for a lot of people. Second, a great deal of political capital was spent on this issue ... when the unemployment issue was crying out for a solution. And those efforts didn't come about in earnest until after the healthcare debate faded somewhat. Last, the insurance is not settled. It faces a likely Supreme Court decision in the months ahead ... leaving both businesses and individuals in a suspended state. And paralysis of any sort isn't what we need to solve the job crunch.
The numbers you cited about people living below the poverty line as well as on food stamps are both record numbers ACHIEVED UNDER oBAMA. These number WILL only continue to grow with his policies. The freakin' debt is at 16 trillion and rising and yet you are still in lock step support of him looking to spend more. When will you finally realize we are currently "in turmoil" because of obama's policies? When will you realize their goal is to get more and more people reliant on government handouts, not for the individuals benefit but for governments own benefit. When/if the Bush tax rates expire it will not do a thing toward bringing down the debt. Compared to the current debt that additional tax revenue is pocket change and will be gone before you can blink. The debt will continue to rise and we will be to far gone down the road to bankruptcy.
Unfortunately when you look at the big picture, every new tax and increase in payroll will only affect the cost of goods and services for everyone. The US government and state and local governments as well cannot keep spending more than they take in without severe consequences down the road. Unfortunately, we are getting closer to the end of that road.
HOW WILL THE FOLKS IN CHARGE "SPIN" THAT UNEMPLOYMENT FACT? Spin & spin = Manure ; we're in DEEP trouble here folks. Please tell me WHERE this employment rate has GONE up? We are the unwilling led by the UNKNOWING.