Category Archives: Unemployment

True Unemployment Rate

Well folks, as mentioned in a previous post , the stimulus has failed to work again. Unemployment has risen to 10.2%, from September’s 9.8%; the highest since 1983. Nearly 16 million people can’t find jobs even though the recession has apparently ended (Cash for Clunkers and tax credit for first time homebuyers have inflated the number). According to the Department of Labor, the economy lost another 190,000 jobs in October. This is the 22nd straight month that the economy has lost jobs, the longest in the last 70 years. Experts say that the unemployment rate could rise as high as 10.5% next year as employers are unwilling to hire.

Thanks to President Bill Clinton, who in 1994 changed the way unemployment is calculated, the government figure is not complete resulting in misleading information passed on to the public. Currently, the actual unemployment rate, which is known as U-6, is 17.5%. How is that you may ask? Easy. As previously mentioned, in 1994 Clinton administration decided that the Bureau of Labor Statistics would no longer include, as they did prior to 1994, those who were “marginally attached workers, discouraged workers, or those who are part-time employees that which to work full-time.”

Marginally attached workers are those who currently are neither working nor looking for a job, but say that they want and are available for a job and have looked for some time. If you had a full-time job and you settled for a part-time job instead because of economic reasons, you are not included. People under this category want to work full-time, but they can’t sit around and wait for a full-time job to land on their lap so they settle for the next best thing, a part-time job. If you stopped looking for a job because you looked for months and months and did not find one, you are not included. People in this category are labeled “discouraged workers” because they are discouraged. They have been searched for a job in every possible place you can think of and they have turned up with nothing, zero, nada.

As you can see from above, there are a lot of people that are not been factored in along with the governments “unemployment rate” of 10.2%. Discouraged workers and those who settled for a part-time job are a result of the current economic situation we are facing. The true actual unemployment rate, 17.5%, is what should count when looking to see if the job market is on the rise. Just keep in mind what the true unemployment rate is and don’t be fooled by the governments number. Yes, their number is the official gauge everyone goes by, but it is not the ACTUAL picture of the crisis. The Bureau of Labor Statistics continues to keep track of the true unemployment rate, they just don’t.

Lastly, according to the New York Times the previous high for the true unemployment rate was in 1982 (17.1%). Don’t be fooled !!

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SURPRISE: Stimulus Money Used Inappropriately

The $787 billion “stimulus” bill was passed in February with the purpose of kick starting the economy and saving/creating jobs. As mentioned in a previous post, unemployment has gone up. Can someone please explain to me, preferably an Obama supporter, how any of expenses listed below stimulate the economy?

  • $300,000 for a GPS-equipped helicopter to hunt for radioactive rabbit droppings at the Hanford nuclear reservation in Washington state.
  • $30 million for a spring training baseball complex for the Arizona Diamondbacks and Colorado Rockies.
  • $11 million for Microsoft to build a bridge connecting its two headquarter campuses in Redmond, Wash., which are separated by a highway.
  • $430,000 to repair a bridge in Iowa County, Wis., that carries 10 or fewer cars per day.
  • $800,000 for the John Murtha Airport in Johnstown, Pa., serving about 20 passengers per day, to build a backup runway.
  • $219,000 for Syracuse University to study the sex lives of freshmen women.
  • $2.3 million for the U.S. Forest Service to rear large numbers of arthropods, including the Asian long horned beetle, the nun moth and the woolly adelgid.
  • $3.4 million for a 13-foot tunnel for turtles and other wildlife attempting to cross U.S. 27 in Lake Jackson, Fla.
  • $1.15 million to install a guardrail for a persistently dry lake bed in Guymon, Okla.
  • $9.38 million to renovate a century-old train depot in Lancaster County, Pa., that has not been used for three decades.
  • $2.5 million in stimulus checks sent to the deceased.
  • $6 million for a snow-making facility in Duluth, Minn.
  • $173,834 to weatherize eight pickup trucks in Madison County, Ill.
  • $20,000 for a fish sperm freezer at the Gavins Point National Fish Hatchery in South Dakota.
  • $380,000 to spay and neuter pets in Wichita, Kan.
  • $300 apiece for thousands of signs at road construction sites across the country announcing that the projects are funded by stimulus money.
  • $1.5 million for a fence to block would-be jumpers from leaping off the All-American Bridge in Akron, Ohio.
  • $1 million to study the health effects of environmentally friendly public housing on 300 people in Chicago.
  • $356,000 for Indiana University to study childhood comprehension of foreign accents compared with native speech.
  • $983,952 for street beautification in Ann Arbor, Mich., including decorative lighting, trees, benches and bike paths.
  • $148,438 for Washington State University to analyze the use of marijuana in conjunction with medications like morphine.
  • $462,000 to purchase 22 concrete toilets for use in the Mark Twain National Forest in Missouri
  • $3.1 million to transform a canal barge into a floating museum that will travel the Erie Canal in New York state.
  • $1.3 million on government arts jobs in Maine, including $30,000 for basket makers, $20,000 for storytelling and $12,500 for a music festival.
  • $71,000 for a hybrid car to be used by student drivers in Colchester, Vt., as well as a plug-in hybrid for town workers decked out with a sign touting the vehicle’s energy efficiency.
  • $1 million for Portland, Ore., to replace 100 aging bike lockers and build a garage that would house 250 bicycles.

Study the sex life of freshmen woman? Freezer for fish sperm? Concrete toilets? Bridge for Microsoft? Drum roll please…………..the best misuse of our money is………………….$2.5 million in stimulus checks sent to the deceased. In other words, the government f’ed up and they want us to pay for their mistake. Are you OK with the government to use your money for the things mentoned above? Anyone still supports the stimulus? Last chance to jump-off the ObamaSocialist Express.