Real Unemployment rate 21.4%

I found this article on MSNBC of all news organzations right? Its from there help desk and I am try to find other numbers to back up what MSNBC says.

www.msnbc.msn.com...

This is kind of shocking to me considering the goverment says the rate is around 9% and Obama said we wouldnt get over 8% if we passed the stimulus.

www.time.com...

So whats all say about Obamas hold over the media?( I know this one is a stretch)

www.foxnews.com...

Please let me know your thoughts.

reply to post by poedxsoldiervet


wuho , seems it keeps getting better and better , seems that americans are going to pay for tens of millions/hundreds of millions deaths they caused across the globe .

karma strikes back , you reap what you sow

Originally posted by sadchild01
reply to post by poedxsoldiervet

 

wuho , seems it keeps getting better and better , seems that americans are going to pay for tens of millions/hundreds of millions deaths they caused across the globe .

karma strikes back , you reap what you sow

Wow....just wow.

reply to post by sadchild01


Dude are you serious, I mean come on, America isnt the only ones who have caused heartache across the globe, we have only been a nation for 200 years. Dont forget about Europe and its slave trade, or Europes attacks on Navtive Americans, or Russia, China, Pol Pot, North Korea, Iran.

Damn America haas done more Right then she has done wrong, and we Americans contiunally strive to make up for our 90 years of slavery. We dont have a perfect past but its sure better the the nations I mentioned.

Originally posted by sadchild01
reply to post by poedxsoldiervet

 

wuho , seems it keeps getting better and better , seems that americans are going to pay for tens of millions/hundreds of millions deaths they caused across the globe .

karma strikes back , you reap what you sow

The American people are largely blameless - they are just victims of their propaganda networks.

They seem to believe that the stimulus was in some way supposed to help the citizens - and the economy is recovering - and unemployment is actually 9% - what a laugh.

It was of course just a buffer for the favored banks to prevent them failing while the Fed held the economy in a deflationary depression to bankrupt and steal the average mans real estate.

But - yes - we can only hope the entire nation is destroyed. It might wake some people up to whats outside of their own backyard.

Theres also a chance it will get rebuilt a lot better than it is now.

[edit on 20-10-2009 by Amagnon]

Don't have much time to respond (work).
But, S&F for a good thread!
I'll be back later.

Okay keep in mind were talking about people who want a job... there are plenty pf happy housewives kids and disabled persons who we don't count in these figures...

Now keeping that in mind there are a large number of economists, analysts and investors who watch that U-3 figure with great interest... you see when it reaches 10.2% that would reflect 25 to 30% of all willing able and ready persons out of work... that number is to high to sustain a healthy economy... that number will cause the next big market crash... one we might not come back from...

reply to post by DaddyBare


Thanks for pointing that out Daddybare. The economy isnt something I am strong on but have taking a great interest in since 2004.

its gettin pretty bad huh..

too bad people accept 9% at face value

reply to post by whateverponcho


I totaly agree with you, I still cant belive people have there rosey red glasses on. I guess when all of the goverment money runs out were screwed.

Originally posted by poedxsoldiervet
reply to post by DaddyBare

 

Thanks for pointing that out Daddybare. The economy isnt something I am strong on but have taking a great interest in since 2004.

You might want to go read this article by Thomas Palley...A second Great Depression is still possible.... He's very good about explaining Economists in layman's terms I think all of us are now using his car metaphor when trying to explain why things are only going to get worse from here....

reply to post by DaddyBare


You know I looked at that, And I see a second collaspe coming but from which sector will it fall? The Goverment, banks, commercial real estate, we are in trouble here in America.

reply to post by poedxsoldiervet


Unemployment is the trigger in his scenario... he talks about

The destruction of household wealth means many households have near-zero or even negative net worth. That increases pressure to save and blocks access to borrowing that might jump-start a recovery. Moreover, both the household and business sector face extensive bankruptcies that amplify the downward multiplier shock and also limit future economic activity by destroying credit histories and access to credit.

Meaning that unless we can get a handle on unemployment everything will fall in like a house of cards set on a shaky table

reply to post by DaddyBare


I will go back and re-read it thanks for that input there.

reply to post by DaddyBare


Also there is people who want a job, but don't need one to support themselves.

Like me. I'd love to work, even if only 10 hours a week, but my parents got me covered.

reply to post by Miraj


I want you to adopt me
Hey I'm even house broke... well mostly

reply to post by DaddyBare


me 2, I can contribute to your house in some way... My wife not to good of a cook but she can bake!!!!!

reply to post by poedxsoldiervet


house broke?

you mean foreclosure?

Originally posted by sadchild01
reply to post by poedxsoldiervet

 

house broke?

you mean foreclosure?

What do you mean?

reply to post by poedxsoldiervet

what do you mean by house broke?


[edit on 21-10-2009 by sadchild01]