This article explains (and provides detailed graphs) how the Obama Administration continues to "tweak" the unemployment numbers to mask the harsh reality of the highest unemployment rates we've seen in decades), so much so that even Obama and Biden are starting to believe their own exaggerations!
True unemployment rate already at 20%
"Over the years, the government has changed the way it counts the unemployed. An example of this is the criticized Birth-Death Model which was added in 2000. The model is designed to account for the birth and death of businesses and the resultant lag in survey data. Unfortunately, the model doesn't work that well during economic contractions (like we have now) and consistently overstates the number of jobs being created each month."
When will this administration OWN this problem?
Answer by foreverb3 at 1:15 PM on Jul. 17, 2009
Answer by Anonymous at 12:08 PM on Jul. 17, 2009
Answer by Carpy at 12:09 PM on Jul. 17, 2009
Answer by Anonymous at 12:11 PM on Jul. 17, 2009
Answer by Grandmarga at 12:18 PM on Jul. 17, 2009
Answer by sweet-a-kins at 12:40 PM on Jul. 17, 2009
Answer by tnmomofive at 12:41 PM on Jul. 17, 2009
Answer by tnmomofive at 12:42 PM on Jul. 17, 2009
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