UNEMPLOYMENT RATE ACTUALLY 17%+

From Greg-

On Friday 10/2/09, wherever you tuned in the liberal media, you were apprised of that day's U.S Dept. of Labor Report that the National Unemployment rate had hit 9.8%. The administration is downplaying the numbers. Now for the rest of the story......

Only Fox News reported , both on line and network, the truth (link to article below). In the small print of the DOL report they admitted that when they add those who’ve given up looking for work, and those full time laid off, forced to take minimal part time work, the adjusted actual unemployment is 17%.

Allow me to further adjust their 17% number. They didn’t include independent contractors and former self employed who don’t qualify for unemployment benefits, they’re never counted. Hence the real unemployment rate has exceeded 20%.

Add to the above those forced to take pay cuts by their employers, and the “ Misery Index” under Obama has exceeded that of Jimmy Carter !

In the Fox article, there is a typo. They state this is the highest unemployment since 1994. They meant 1934, the height of the FDR- New Deal Depression. Roosevelt’s New Deal was not about economic recovery but rather acquisition and consolidation of political power through targeted profligate federal spending. The New Deal took us from progressive Hoover’s recession into full blown Depression that lasted years longer than Europe (see Dr Folsom’s treatise “New Deal or Raw Deal”). Obama won’t have a Japanese attack on Pearl Harbor to bail him out, as did Franklin.

Why are we headed into Obamageddon? Simply, the Obamunists have done nothing to aide recovery. Instead they’ve put the New Deal on steroids, with the same goal, consolidation of political power via unprecedented spending which is contraindicative to economic recovery. His massive “Stimulus” was pork and patronage,- a payoff to the constituencies that elected him. Jobs created- none, but millions lost! Remember Pelosi’s public faux pas..”.this stimulus bill will save 500 million American jobs.” An idiot yes, but dangerous.

Fact is the Obamunists don’t desire economic recovery. Rahm Capone Emmanuel said it all--you never want to let a good crisis go to waste. In Obama’s words from 10/30/08...”In five days we begin to fundamentally transform America.” Their goal is destruction of every vestige of free enterprise capitalism and the Constitution, and from the ashes build their Utopian Socialist State. Can some liberal show me where in Article II, a president has the constitutional power to fundamentally transform the country? We are dealing with a Marxist Usurper in the White House.

Our present economic situation is not a defect of capitalism, but rather government caused, by liberals. The recession began in Jan ‘08 as the price of oil crippled us. It’s the left in Congress that won’t let the private sector drill, simply supply and demand. Then, the housing and banking collapse, because liberals turned Fannie and Freddie into a welfare project--millions of mortgages to the unqualified and 5 million illegal aliens.The Japanese got us out of the depression via Pearl Harbor. But in the last hundred years there were four other major economic downturns, and a lesson can be learned.

Few have heard of the depression of 1920. It’s been purged from the history books so as not to discredit the progressive-socialist Wilson. Via his massive war debt, government spending, high taxes and tariffs, and huge unsecured loans to our former war allies--who reneged on their debt after Wilson imposed tariffs--Plunged the U.S. into Depression.

Harding, followed by Coolidge after his death, cut taxes across the board, rolled back tariffs, and reigned in government spending. The result--economic boom and the roaring 20’s. Short lived. Progressive -socialist Hoover returned to Wilsonian policies, crash and recession followed. Then Roosevelt injected socialist adrenelin-- result depression.

JFK, Regan and Bush 43, when faced with economic crisis all chose the Harding -Coolidge model. Result: economic boom. This is precisely what Congressional Republicans proposed in Feb ‘09. Instead Obama, the liberals in Congress, and media foisted upon us the Roosevelt model of massive government spending for political purposes. The coming inevitable depression will dwarf the 30’s and when we emerge it will be as a total Marxist State with the Constitution shredded.

In Jan. when Obama allows the Bush tax cuts to expire, the average once middle class family faces an immediate $3K tax increase. Add to that the massive taxes of Obamacare, Cap and Trade, Amnesty ,and the $4 trillion proposed budget---and were talking complete economic collapse.

There’s only one way out, clean the Congressional Democrats out in Nov. 2010, a la 1994. A Republican majority can: salvage the balance of the stimulus funds, cut the corporate tax rate and capital gains in half, restore the Bush tax cuts, curb federal spending, drill for oil everywhere in our territory and encourage nuclear, expose “go green” as anti capitalist Marxism, and enforce employer sanctions so the 30 million illegals bankrupting and murdering us self deport.

Please join me in making Democrats an endangered species in 2010. Remember Obama hid who he was from the voters in ‘08 with a complicit media. His mandate is a myth. A hundred million eligible voters did not vote last Nov. 4. Only 3 of 10 eligible voters actually voted for Obama, and a large percentage have buyers remorse. Our salvation will be getting those who did not vote in ‘08 off their butts and to the polls in 2010.......GREG

If you agree with the above please forward to those you know link below to Fox News unemployment article Oct 2, 2009 04:01:33 PM,
Jobless Rate Climbs to 9.8 Percent in September - Political News - FOXNews.com
Source: foxnews.com