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Re: Obama says private sector 'doing fine,' then Standard & Poor keeps downgrade, neg
Relating who sits in the white house to national (un)employment is as meaningful as saying who was the chief justice at that time. Unless you assert use of presdential veto power or the presidential power to persuade a congressional majority of the other party is in the mix, the correct relationship would be perhaps who controlled the congress (that has the ablilty to make new law) at these times is a better measure of gov't "responsibility" associated with it.
We could agrue how to count the numbers all day long but as I said, if you think obama was right, "the private sector is just fine" you are as dillusional as him. I will speak to your unemployment numbers since you speak as glowingly of them as you do of the health of the private sector. Once again your numbers are bogus.
The unemployment rate has fallen a full percentage point since August to a three-year low. But last month's decline was not due to job growth. The government only counts people as unemployed if they are actively looking for work.
"In April, the percentage of adults working or looking for work fell to the lowest level in more than 30 years."
So if you add back all the people who have stopped looking for work you get a "real" unemployment rate of almost 15 percent.
"Factoring in those discouraged adults and others working part time for lack of full time opportunities, the unemployment rate is about 14.5 percent. Adding college graduates in low-skill positions, like counterwork at Starbucks, and the unemployment rate is likely closer to 18 percent," writes Peter Morici.
Read more: The real unemployment rate
Relating who sits in the white house to national (un)employment is as meaningful as saying who was the chief justice at that time. Unless you assert use of presdential veto power or the presidential power to persuade a congressional majority of the other party is in the mix, the correct relationship would be perhaps who controlled the congress (that has the ablilty to make new law) at these times is a better measure of gov't "responsibility" associated with it.