The unemployment rate went down to 8.1% today. Whoopie.
Does anyone really believe the numbers that this administration is throwing out at us? As far as I can see, the economy is not getting better, it’s getting worse. Retail sales are down because people are not spending their money. Why? Because they’re afraid they might not have a job next week. I can’t tell you how many friends I have who’ve either been laid off or lost their entire businesses.
But don’t just take it from me. Read this guy’s comment from the opinion section of a Bloomberg News article about the economy:
Here are some mico-stats from my neighborhood. These stories might sound familiar to most of us who live with our eyes open. A lifelong nurseyman is out of business and piddles around his house while looking for work. He was self-employed, and doesn’t show up in the stats. He raised three kids on his former nursery. An experienced engineer is doing day labor, light construction, building custom walkways and scraping by. He’s underemployed and doesn’t show up as unemployed. A recent grad can’t find a job, so he tutors for low wages at a big church part-time. Employed, but barely. A single mom with three kids is laid off from her nursing home position, since they were cutting back by eliminating their recreational specialist. She now babysits an elderly man during the day for minimum wage, and searches for real work on-line. A good friend was the city’s leading home builder, constructing over 400 homes per year with a huge payroll as recently as 2007. He is down to one crew and will complete 15 or so houses in 2012. I can only imagine all the unemployed construction workers from this former boom town. My former “personal banker” was laid off. I didn’t know her whereabouts until she appeared at the window at Chik-fil-A, serving me a drive-thru sandwich at a salary that’s less than a third of what she earned before. She had a smile on her face, as always, but is waaaay underemployed. A guy who is a master brick mason details cars while roaming the business park for hard earned cash. My own wife has two advanced degrees and 35 years of professional work, but her job will be eliminated in a few months due to university budget cuts. She and others are updating their resumes. These stories are in every town in America, but far less so in only one place: Washington, DC, where the economy hums and housing goes up…all fueled by borrowed money to grow the government. Lies, damn, lies, and statistics are offered up when we all KNOW how dark it is in the American economy. It’s 8.1%? Really? How so with fewer and fewer people working? If all the job seekers would just quit looking for work, then the unemployment rate would be zero in a great depression. Use your head and eyes, not phony messages from an administration that is opaque and deceitful to the core. ABO ’12
Now THAT guy speaks the truth. And if you’re interested in some stats, here’s a chart that lays out the REAL stats of our economy. So I’m curious. How bad is it in your part of the country, HillBuzzers?
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