Thursday, August 27, 2009

The Real Unemployment Rate Just Isn't Discussed Much

It is a rare public official that talks about the real economy and realistic numbers. Public officials understand that confidence in the system is "created" by putting a positive spin on the every story. Unfortunately, this positive spin sometimes masquerades as outright lies and deception.

This story talks about the real number of unemployed. The actual number, he claims is closer to 16%, not the public number of 9%.

No wonder people have a hard time believing politicians.

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