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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