Comments on: Unemployment Scam Numbers http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/ General interest observations and true web-log. Sun, 12 Feb 2012 15:49:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Winston http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-2/#comment-1553108 Winston Wed, 15 Jul 2009 15:07:59 +0000 http://www.dvorak.org/blog/?p=53148#comment-1553108 Nooooooooooo! Government figures fudged! For God's sake, read a book. Here's a bunch of examples: http://www.shadowstats.com/alternate_data "The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated "discouraged workers" defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment." This makes the current rate about 20.5% The Great Depression had a 25% rate (IIRC), but back then the vast majority of families were ONE income families, so the effect was much greater (other factors were involved too, of course). And if you want a nice explanation of how Consumer Price Index figures were intentionally and specifically fudged by the Boskin Commission to lower cost of living adjustments to fedgov entitlement program recipients, read the excellent book, "Greenspan's Bubbles." This fudging of an important economic stat to be significantly lower than it should be then led to a continuous maladjustment of the economy via the interest rates set by The Fed. Garbage in, garbage out... Nooooooooooo! Government figures fudged! For God’s sake, read a book. Here’s a bunch of examples:

http://www.shadowstats.com/alternate_data

“The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated “discouraged workers” defined away during the Clinton Administration added to the existing BLS estimates of level U-6 unemployment.”

This makes the current rate about 20.5% The Great Depression had a 25% rate (IIRC), but back then the vast majority of families were ONE income families, so the effect was much greater (other factors were involved too, of course).

And if you want a nice explanation of how Consumer Price Index figures were intentionally and specifically fudged by the Boskin Commission to lower cost of living adjustments to fedgov entitlement program recipients, read the excellent book, “Greenspan’s Bubbles.” This fudging of an important economic stat to be significantly lower than it should be then led to a continuous maladjustment of the economy via the interest rates set by The Fed. Garbage in, garbage out…

]]> By: Weary Reaper http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-2/#comment-1553082 Weary Reaper Wed, 15 Jul 2009 14:00:44 +0000 http://www.dvorak.org/blog/?p=53148#comment-1553082 Gee, I wonder how all this unemployment could possibly have happened? That damned Obama. He's been in power less than a year and just look at all the misery and pain he's caused! I think Bush and Cheney should be returned to power immediately before the entire country, indeed the entire world gets raped by the wealthy. Gee, I wonder how all this unemployment could possibly have happened?

That damned Obama. He’s been in power less than a year and just look at all the misery and pain he’s caused!

I think Bush and Cheney should be returned to power immediately before the entire country, indeed the entire world gets raped by the wealthy.

]]> By: SparkyOne http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1553081 SparkyOne Wed, 15 Jul 2009 14:00:12 +0000 http://www.dvorak.org/blog/?p=53148#comment-1553081 #18 GetSmart, You are clicking the heels of those ruby slippers together, right? #18 GetSmart,
You are clicking the heels of those ruby slippers together, right?

]]> By: Rick Cain http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1553030 Rick Cain Wed, 15 Jul 2009 09:25:32 +0000 http://www.dvorak.org/blog/?p=53148#comment-1553030 This is a problem we made. Our corporate big business barons refuse to keep jobs in the USA, Americans refuse to buy slightly more expensive domestic goods, and government refuses to penalize corporations that care more in CEO salaries than keeping our workers employed. This is a problem we made. Our corporate big business barons refuse to keep jobs in the USA, Americans refuse to buy slightly more expensive domestic goods, and government refuses to penalize corporations that care more in CEO salaries than keeping our workers employed.

]]> By: GetSmart http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552998 GetSmart Wed, 15 Jul 2009 04:22:31 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552998 It can't happen here-happen here-happen here-happen here-happen her.... It can’t happen here-happen here-happen here-happen here-happen her….

]]> By: Sea Lawyer http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552997 Sea Lawyer Wed, 15 Jul 2009 04:20:49 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552997 Don't worry, if the Dems manage to push through the EFCA this year, you can expect the employment situation to get even worse before it gets better. Don’t worry, if the Dems manage to push through the EFCA this year, you can expect the employment situation to get even worse before it gets better.

]]> By: Grandpa http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552958 Grandpa Wed, 15 Jul 2009 01:02:18 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552958 Yes, your elected government has been lying about unemployment since they passed the unfair trade acts that have really caused this recession. They have lied about almost everything. And YOU voted for them !!!!! Yes, your elected government has been lying about unemployment since they passed the unfair trade acts that have really caused this recession. They have lied about almost everything. And YOU voted for them !!!!!

]]> By: ArianeB http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552944 ArianeB Tue, 14 Jul 2009 23:52:12 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552944 They have been lying about unemployment figures since the Kennedy administration. An article from a year ago spells out the number fudging of the government pretty well. http://harpers.org/archive/2008/05/0082023 They have been lying about unemployment figures since the Kennedy administration. An article from a year ago spells out the number fudging of the government pretty well.

http://harpers.org/archive/2008/05/0082023

]]> By: AdmFubar http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552908 AdmFubar Tue, 14 Jul 2009 21:09:06 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552908 unemployment figures only count people that are reciving unemployment benifits, if you dont get a job and the benefits run out you are not counted and unemployed. SUPRISE! also all the people that are incarcerated are unemployed, they however are not included in this... OOOPPS! enemplyment rate is far larger then business is willing to admit... and it is going to get worse.. this recession is caused be the baby boomers starting to die off. The economy rode the baby boomer wave it crested a while ago. As the boomers retire and their health collectivly starts to fail, they need to puul their money out of the markets, guess what happens next.. UH OH! ECONOMIC DEPRESSION!!! This is gonna get worse. wayyyy worse.. unemployment figures only count people that are reciving unemployment benifits, if you dont get a job and the benefits run out you are not counted and unemployed. SUPRISE!
also all the people that are incarcerated are unemployed, they however are not included in this… OOOPPS!

enemplyment rate is far larger then business is willing to admit… and it is going to get worse..

this recession is caused be the baby boomers starting to die off. The economy rode the baby boomer wave it crested a while ago. As the boomers retire and their health collectivly starts to fail, they need to puul their money out of the markets, guess what happens next.. UH OH! ECONOMIC DEPRESSION!!!
This is gonna get worse. wayyyy worse..

]]> By: brendal http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552903 brendal Tue, 14 Jul 2009 20:56:30 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552903 I just got in from Detroit and all I saw were shiny new cars and people shopping and dining like there was no tomorrow - which there isn't. I just got in from Detroit and all I saw were shiny new cars and people shopping and dining like there was no tomorrow – which there isn’t.

]]> By: deowll http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552867 deowll Tue, 14 Jul 2009 20:12:19 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552867 Three days a week? Not good but not unemployed. I'm not sure they can live on that long term. Three days a week? Not good but not unemployed. I’m not sure they can live on that long term.

]]> By: lavs23 http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552831 lavs23 Tue, 14 Jul 2009 19:11:35 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552831 In the manufacturing facility where I work the employees on the line are working 24hrs/week. In the manufacturing facility where I work the employees on the line are working 24hrs/week.

]]> By: Glenn E. http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552815 Glenn E. Tue, 14 Jul 2009 18:44:48 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552815 I still remember back when the Reagan Admistration dicked with how the Cost of Living figures were computed. Did they take out housing prices or something. Yeah, these barometers of bad news keep getting adjust for political expediency. I still remember back when the Reagan Admistration dicked with how the Cost of Living figures were computed. Did they take out housing prices or something. Yeah, these barometers of bad news keep getting adjust for political expediency.

]]> By: Patrick http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552793 Patrick Tue, 14 Jul 2009 17:57:52 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552793 # 6 MikeN said, "Why couldn’t they put the Y-axis from 0 to 40, instead of making it look like things have dropped to 0?" It only looks like that if you don't read the graph. The way you suggested would make it look flat and you would see nothing even though the "spread" is around 16% of the total. # 6 MikeN said, “Why couldn’t they put the Y-axis from 0 to 40, instead of making it look like things have dropped to 0?”

It only looks like that if you don’t read the graph. The way you suggested would make it look flat and you would see nothing even though the “spread” is around 16% of the total.

]]> By: Improbus http://www.dvorak.org/blog/2009/07/14/unemploymnet-scam-numbers/comment-page-1/#comment-1552791 Improbus Tue, 14 Jul 2009 17:56:17 +0000 http://www.dvorak.org/blog/?p=53148#comment-1552791 Would the government lie to us? Duh, yes Virginia, constantly and with no remorse. Would the government lie to us? Duh, yes Virginia, constantly and with no remorse.

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