This just might be my shortest blog ever. But, the point needs to be made!
The media was abuzz today with the news that unemployment has fallen to 8.5%. First of all, that’s worth celebrating? 8.5% unemployment in a nation of 300 some million people merits a ticker-tape parade? I think not. But that’s not the point. My beef with that number today is the fact that this administration and the numbers flowing from their so-called “tallies” are absolute, 100% fabrications. Bold. Face. Lies.
“What?? How can this be??” you might say, “If the news is reporting it, then it HAS to be true, right??”
Here’s the dirty little secret:
Say you have a town of 1,000 people. Of those 1,000 people, 100 are unfortunately out of work. That means there’s 10% unemployment in that town. 50 of those 100 people have been unemployed for a really, really, REALLY long time, so the town decides to stop counting them as part of the work force. So now, the town is looking at 50 unemployed people in a workforce of 950 people. Voila. Unemployment is now 5.26%
Now, just multiply that by MILLIONS upon MILLIONS, and then suddenly, 8.5% materializes.
I believe this merits another “voila”