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CBO: Under Current Law, Unemployment Will Rise Next Year to 9.1%

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posted on Sep, 6 2012 @ 03:43 PM
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CBO: Under Current Law, Unemployment Will Rise Next Year to 9.1%

OhOh !!

9.1% unemployment coming says the Congressional Budget Office.

The Democrat Senate needs to wake up.


(CNSNews.com) – The Congressional Budget Office (CBO) is projecting that if changes in federal taxing-and-spending policies already enacted and set to take effect at the beginning of next year do in fact take place, the unemployment rate will climb to 9.1 percent.

In a report released on Aug. 22, An Update to the Budget and Economic Outlook: Fiscal Years 2012 to 2022, CBO’s baseline projections show that by the fourth quarter of 2013 the national unemployment rate will be 9.1 percent......




posted on Sep, 6 2012 @ 03:58 PM
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They'll just fudge with the number of employable Americans. I saw earlier someone was trying to say that Obama has had 40 months of positive employment numbers and we're on the road to recovery. Hah. That was a lie and I didn't care to post then. The government plays with numbers to tell a 'narrative'. If we had a net loss of 600,000 jobs they would argue that 'normally' on 'average' 800,000 people would have lost their job in that month so its actually a 200,000 gain. Its called seasonal job adjustment.

Good is evil, evil is good, right is wrong, wrong is right. If anyone believes we have been under 15% unemployment you are gullible. Nearly 17-25% of the people in every county in this nation are in government defined poverty which means its actually much higher. Just take a look at some of the numbers they don't play with because they think its great 'progress' like the welfare and food stamp enrollment numbers.

Try driving outside of a city (in billions of debt) in any direction for 4 hours and tell me we're doing well and on our way to recovery.



posted on Sep, 6 2012 @ 04:49 PM
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reply to post by xuenchen
 


The real numbers are really scary - 22.5%! Thats near Depression Era stats!


John Williams, author of the book "Shadow Government Statistics," estimates that as of January, 2012 the real unemployment rate after adding in long term discouraged workers who are no longer seeking employment to the Bureau of Labor Statistics U6 number leaves us with a number of 22.5%.

By comparison the depression era unemployment rate peaked at 24.7% in 1933. If we are to accept William's number and measure depression by unemployment numbers only, we are currently in a depression now
seekingalpha.com...



posted on Sep, 6 2012 @ 06:08 PM
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reply to post by burntheships
 


Yep.

And I think Obama should tell that to the people .....

But who would he blame?



posted on Sep, 6 2012 @ 06:45 PM
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If you add in the numbers of people who stopped looking for work, that is the real unemployment number. That number will cause riots from Obama's Supporters, because they believe everything they hear.



posted on Sep, 6 2012 @ 06:55 PM
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Obama and the Democratic Party want people to be unemployed, they want them dependent on government handouts. Would guarantee re-election, would guarantee power for their socialist agenda.



posted on Sep, 6 2012 @ 08:14 PM
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Ok, so, let's say we do as the GOP wants cut taxes on corporations to -100% destroy the EPA, de-fund planned parenthood, make rape legal, repeal the 13th Amendment, revoke women's and minorities rights to vote and let's see how well this country does.

Oh wait, do you mean to tell me that no matter how low taxes are, that companies will still be greedy? That allowing corporations to destroy our environment might harm us, that preventative care actually costs less than fixing problems that arise, rape is actually wrong, slavery is actually wrong, that people other than white male landowners should have a voice in our government too?

That must be socialism.



posted on Sep, 8 2012 @ 01:22 PM
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Originally posted by xuenchen

But who would he blame?



Indeed,

Seems his strategy is to ask for more time.

As if he has not destroyed enough already!

Anyone who buys that, truely has drank the Kool Aid!



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