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Old 11-22-2012, 11:01 AM   #27
Lex Luthor Lex Luthor is offline
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Quote:
Originally Posted by Direckshun View Post
Please share with me how we could have lowered the deficit more than $300 billion over the past four years while pulling the economy out of a recession.

My guess is that you, along with anybody else, is incapable of figuring that out.
When you increase the deficit from $459 billion to $1.4 trillion in year 1, then "only" have a deficit $1.1 trillion in year 4, I suppose you can claim that you lowered the deficit by $300 billion. If you're an idiot.

And you can say all you want about "pulling the economy out of a recession", and you would be technically correct since we are no longer in a situation where GDP has declined for two consecutive quarters. However, the real unemployment rate tells the story of an economy that is in terrible shape.

Quote:
The 'Real' Unemployment Rate Is Still Really Lousy

If you have doubts about the official jobless rate, there's another rate you can check out instead--the "real" unemployment rate, which measures everybody considered unemployed plus a lot of others who are falling through the cracks.

The government calls this the "U-6" rate, and it has become a source of considerable intrigue lately. Some critics of President Obama contend that the government keeps the "real" rate a secret, because it reveals an economy that's in far worse shape than the official unemployment rate suggests. Republican presidential candidate Mitt Romney says frequently that while the official unemployment rate may be improving, the real rate is still terrible. "If not for all the people who have simply dropped out of the labor force," Romney said in a recent statement, "the real unemployment rate would be closer to 11 percent."

It may be even higher than that, depending on how you count. The official unemployment rate fell in September from 8.1 percent to 7.8 percent, which is good news for Obama heading into the last few weeks before the November elections. The unemployment rate is now 2.1 percentage points below its 2009 peak, and at the same level as when Obama took office.

But Romney is correct to suggest that the official rate doesn't capture the depth of pain in the labor market. His rate, of nearly 11 percent, comes from an extrapolation involving the percentage of adults considered to be part of the labor force. But the government's own U-6 measure is even higher, at 14.7 percent. That's the percentage of adult Americans who are unemployed, underemployed, too discouraged to look for work or "marginally attached" to the labor force.
http://news.yahoo.com/real-unemploym...211815397.html
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