reply to post by Dbriefed
You can't compare unemployment numbers (official or not) to any other time period.. it changes every 10-8 years or so. The way we calculate
Unemployment isn't even the same as it was under Clinton, it's completely different.. I've heard plenty of economist say "oh it's not as bad as
the 1970's" .. but they either don't know (or more likely fail to say) the 1970's included many more people and job types.
The Great Depression, at it's height, was probably 30-40% unemployment..
GDP was also calculated differently, so it's even hard to say if the entire time the GD was actually a Depression. What we even classify as a
depression has changed.. for instance, in the late 1970's through mid 1980's could be considered a depression .. also from 1999-2003 we never really
left "recession" definition aside from a technicality in GDP .. which is highly fraudulent.
Technically speaking.. the current recession is over. It ended last summer. Surprising to anyone? Sure as hell is news to me.. but we have had two
consecutive quarters of economic growth.. thus the recession ended at the beginning of the 3rd Quarter 2009. Doesn't matter if this goes on for
another 3 years, recessions over.
Statistics from the Government suck. Plain and simple. It's a massive conflict of interest.. honestly, how long are you going to go on letting
people think you're failing?