Tuesday, July 20, 2010

Our Modern Depression: Unemployment at 22%

Thanks, Obama. I recall specifically being assured by a doctor in early 2009 that you would not socialize medicine. Only a madman would so something so radical during an economic crisis. Now Obamacare and your other socialist policies hang like the sword of Damocles over employers and Americans alike. You hurt this country in your zeal to remake America in the image of your redistributionary socialist Utopia. You are certainly the worst president of my lifetime. And that has nothing to do with your color or race. It has everything to do with your character and policies. Look what your wrong-headed ideas have wrought:
Raghavan Mayur, president at TechnoMetrica Market Intelligence, follows unemployment data closely. So, when his survey for May revealed that 28% of the 1,000-odd households surveyed reported that at least one member was looking for a full-time job, he was flummoxed.

"Our numbers are always very accurate, so I was surprised at the discrepancy with the government's numbers," says Mayur, whose firm owns the TIPP polling unit, a polling partner for Investors' Business Daily and Christian Science Monitor. After all, the headline number shows the U.S. unemployment rate today is 9.5%, with a total of 14.6 million jobless people.

However, Mayur's polls continued to find much worse figures. The June poll turned up 27.8% of households with at least one member who's unemployed and looking for a job, while the latest poll conducted in the second week of July showed 28.6% in that situation. That translates to an unemployment rate of over 22%, says Mayur, who has started questioning the accuracy of the Labor Department's jobless numbers.
See full article from DailyFinance: http://srph.it/bjW9Zv

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