New Figures--Unemployment Soars!

The new figures have been released from the government concerning the jobless rate in America.

A key fact to remember is that the way these figures are calculated has changed since the 1930s through the early 1990s. Since that time the government does NOT figure in those who were laid off and were forced to settle for part-time jobs, or those who gave up looking for work altogether out of sheer despair.

The jobless rate, according to the present method of calculation, is now 9.8%. Roughly 230,000 more jobs were lost in the month of September alone.

But when the old method of calculating joblessness is used, the unemployment rate in the U.S. stands at a whopping 17%--the highest since the 1930s.

Obama told Americans all across the land during the campaign that his 'stimulus package' would prevent any more jobs from being lost. So far, the opposite has happened as the unemployment rate keeps moving upward.

Don't Trust Gov't's 'Good Economic News'

Despite the news that the unemployment rate dropped slightly in July, we still lost 250,000 jobs. The numbers weren't quite as bad as the gov't had anticipated.

But Obama and company took to the airwaves to tout his programs and to claim he 'saved America from economic catastrophe.

Americans should take the supposed 'good news' with a grain of salt. The actual unemployment figures for the U.S.--using the same criteria used throughout much of the 20th century--is 16.9% instead of 9.4%.

This is due to the fact that the government no longer counts those that are 'under-employed'--those who are forced to work part time when they need full time jobs to make it.

In addition, a sustained recovery is simply not possible with deficits and a national debt being what they are, in the multi-trillion status. We have never been down this road before in American history. Even the Great Depression did not see deficit spending and a national debt like this.

Western Rifle Shooters Association posts an excellent article concerning the inevitability of a continued downturn in the economy.

Jobless Rate Stuns Obama White House

The economic stimulus plan pushed by Barack Obama and Congressional Democrats was supposed to prevent more hemorrhaging of jobs. Yet the job losses continued in May, stunning White House officials who were caught off-guard.

According to Voice of America:

The White House says America's employment picture is worse than the Obama administration had anticipated just a few months ago. The somber admission follows the latest jobless report showing the highest unemployment rate the United States has seen in more than 25 years.

And don't get too comfortable with the mere loss of 450,000 jobs. As the summer months roll on, expect the economy to be hit with the avalanche of layoffs following plant closures by GM and Chrysler, and the industries that depend on them.

Barefaced Lies About Current Unemployment Rate

The mainstream media is reporting that the latest unemployment figures have reached historic proportions, particularly in California, where the jobless rate stands at 11%, supposedly 'the highest ever.'

That statement is blatantly FALSE.

Read my column at Columbia Conservative Examiner to get the real story.

Here's a clue. During the Great Depression of the 1930s, the unemployment rate went to 25% nationwide. So how can a jobless rate of 11% be deemed 'the highest ever?'

More mainstream media, partisan BULLssshhttt, that's how.