That is truly good news for the Obama administration, or is it? Let's read the article, shall we?
That says quite a bit, doesn't it? It used to be that, when the unemployment numbers were crunched, the result included people who were...... UNEMPLOYED - ALL OF THEM. But thanks to our government, there was a change in the way unemployment was calculated.Nationally, the unemployment rate dropped to 9.7 percent in May from 9.9 percent in April. But the drop was largely because hundreds of thousands of jobless people stopped searching for work.
Back during the Great Depression, all the unemployed were counted, which is why the unemployment rate was calculated to be around 25%. Of course, now they magically drop off the roles of the unemployed after their unemployment benefits run out, or if they give up trying to find a job. Anyone care to venture a guess on what the unemployment picture really is? That is, by using the same method that was used during the Great Depression? You might be surprised to learn that it is much, much higher than the 9.7% the government claims. HINT: Take a look at U-6.
As the old adage goes, there are lies, there are damn lies, and then, there are statistics, or is it statistics promoted by government? Believe all the nice stories the government is telling you, if you want to. But, if you want an honest answer, just take a look around you. Do that, and you can not help but realize that some of the greatest liars in the world are right here in the good ole' USA, and they are running our government.
Article is here.