Sunday, October 9, 2011

THE UNEMPLOYMENT LIE


Donald Trump and author Robert Kiyosaki tell NEWSMAX.TV that the nation’s real unemployment rate is actually at depression era levels nearing 21% instead of what is being reported by the monthly government reports. 

COMMENTS:
The method of reporting unemployment is based on the number of people receiving unemployment benefits.  If you are unemployed, but have fallen off the rolls, you are not counted.  If you were in business for yourself and lost your business, you are not counted.  The Administration won’t even discuss this possible figure.  I agree that 9.1% is the great lie of modern days.  It was 25% during the height of the Depression.  The human misery and suffering of this great nation is being obliterated by political convenience. 

TODAY’S QUERIES & ANSWERS:
Q. How does the economy of the U.S. really stack up against the rest of the world?  (Lenny ~ Mesa, AZ)
A. While I do not think we are as bad off at the present, generally speaking, we are in a precarious position.  We can fall into deep trouble at just about any second.  Now comes news from the Bank of England’s governor, Sir Mervyn King, that the world is possibly facing its worst financial crisis in all of history.  “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever.”  He goes on to say that the world is changing and that strategies which worked in the past are no longer working.  Okay, Obama, I guess that means you can go for Stimulus III? 

Q. Is the housing sector showing any signs of recovery yet?  (Kyle ~ Anderson, CA)
A. No.  In fact, figures just released by the Census Bureau show that housing ownership had dropped to its lowest level since the great depression.  Some are predicting that traditional home ownership in the United States will vanish, that the government will own all of the houses and you will pay rent.  If you’re delinquent, the IRS will come and seize your family jewels.   

Q. Rush Limbaugh is claiming that Obama is behind the Wall Street riots.  What does he base that on?  (Saundra ~ Alturas, CA)
A. Those involved, the union thugs and left-wingers, are Obama’s political base.  In essence, they are his foot soldiers and they are employing violence in an attempt to get their way.  We have a very ugly and nasty political season about to unfold, and anybody who doesn’t have guns in his house and a concealed weapons permit is at risk.  A perfectly innocent person can be walking down the sidewalk and one of these things occurs and they could end up getting seriously injured, or worse.  These thugs do not care any more about the propriety of being an American than the Jihadists do. 

TODAY’S QUOTE:
“Tyranny and anarchy are never far apart.” ~ Jeremy Bentham

TODAY’S VIDEO: 

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