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The Unemployment Game Show December 4, 2009

Posted by Michael in Economics, News.
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This video explains why the real unemployment rate, including “marginally attached” labor, is at 17.2%, according to the Bureau of Labor Statistics.

Thanks to d3ft punk.

The humor of the video reflects a hard reality — Obama has failed as a liberal.

From RealClearPolitics:

The story is the stimulus package. . .  It was Democrats’ first big chance in decades to position government to affirmatively promote good, the keystone principle of active state liberalism from Lincoln to both Roosevelts to LBJ. Thereafter, the recovery of liberal thought was invested in the economic recovery act.

. . .

The Democratic leadership let the stimulus morph into a buffet of poorly targeted spending. “The public face of the stimulus package has been the worker in a hard hat,” as the Associated Press reported last summer. But in reality, the AP reported, most of the roughly $300 billion in state dollars was to go to social services—two-thirds to the health care sector alone. Yet the month before the stimulus passed, health care was the only major sector to add jobs.

The public has noticed. Only 7 percent of Americans believe the stimulus has created jobs, a recent CBS News poll found. Almost half of adults remain hopeful. But as we’ve seen this year, political expectations can quickly sour.

Meanwhile, the philosophical repercussions are already apparent. An August Gallup poll found that 57 percent of Americans believed “government is trying to do too many things”—a 10-point rise since March and the highest rate since the 1990s.

Dems Doing Liberalism Badly

Comments»

1. Mrs. Peel - December 4, 2009

Arrrrgghh! I haven’t watched last week’s Monk yet, and Ace just spoiled it for me!

2. Enas Yorl - December 4, 2009

Ooo – thanks for reminding me Mrs. Peel! Tonight’s the last show. I knew there was something on tonight I was supposed to watch. It’s the End of an Era.

Funny, but who would have figured that Tony Shalhoub would have the best post-“Wings” career eh?

3. Neo - December 9, 2009

Obvious, those social services aren’t working …

Hunger is spreading while the number of homeless families is increasing as a result of the recession and other factors, according to a report on Tuesday.
The U.S. Conference of Mayors said cities reported a 26 percent jump in demand for hunger assistance over the past year, the largest average increase since 1991.
Middle-class families as well as the uninsured, elderly, working poor and homeless increasingly looked for help with hunger, which was mainly fueled by unemployment, high housing costs and low wages.
The 2009 report is based on a survey of 27 cities, including Boston, Chicago, Detroit, Los Angeles, Miami, Philadelphia and San Francisco, that comprise the group’s task force on hunger and homelessness.

The MSM is now in revolt against “The Won.”

4. January Unemployment at 9.7%? Unbelievable!! « Innocent Bystanders - February 5, 2010

[…] YouTube video: The Unemployment Game Show […]

5. No Change in Unemployment, but We’ve Traded Full-Timers for Part-Timers « Innocent Bystanders - March 5, 2010

[…] YouTube video: The Unemployment Game Show […]


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