The economy is recovering, the economy is recovering, the economy is recovering.

[Mikeoxenormous]

There, i have said that the economy is recovering 3 times now, so it must be true. Of course, the FACTS prove differently, time and time again. Obamanomics was to Fundamentally Transform America, which it has, but some people, are totally clueless when it is right there in their face. U.S. economy contracts in Q1 dollar hits corporate profits

government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

Unemployment rate is 5.5% but 93 million American "WORKERS" are out of a job, the stock market at an all time high, due to FAUX printed money, there isnt any real reason for people to look forward to the future. The expectations are that cheap gasoline, you know the stuff that causes Global Warming, will give many more money to invest in the economy, but as i pointed out when you are out of a job, you either eat, or buy gas, and gas doesnt make your belly full. Gas has been cheaper about 1 year now, it didnt help, and wont help. Just more misery as liberalism is all about equality. Equally poor and equally miserable. Unless you are Warren Buffet, Bill Gates, Al Gore, Bill Clinton and his wife, or even Barack Hussein Obama, who have their millions and billions of dollars.

 

[Delta4Embassy]

There, i have said that the economy is recovering 3 times now, so it must be true. Of course, the FACTS prove differently, time and time again. Obamanomics was to Fundamentally Transform America, which it has, but some people, are totally clueless when it is right there in their face. U.S. economy contracts in Q1 dollar hits corporate profits

government on Friday slashed its gross domestic product estimate to show it shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

Unemployment rate is 5.5% but 93 million American "WORKERS" are out of a job, the stock market at an all time high, due to FAUX printed money, there isnt any real reason for people to look forward to the future. The expectations are that cheap gasoline, you know the stuff that causes Global Warming, will give many more money to invest in the economy, but as i pointed out when you are out of a job, you either eat, or buy gas, and gas doesnt make your belly full. Gas has been cheaper about 1 year now, it didnt help, and wont help. Just more misery as liberalism is all about equality. Equally poor and equally miserable. Unless you are Warren Buffet, Bill Gates, Al Gore, Bill Clinton and his wife, or even Barack Hussein Obama, who have their millions and billions of dollars.

Actually, you need to say it 62,397 more times to make it true.

Brave New World by Aldous Huxley chapter three

 

[DGS49]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

 

[gipper]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Agreed, but it is not only black teenage unemployment rates the central government lies about. They lie about EVERY demographic.

But hey...the economy is doing just fine, just ask an Obamabot. However they will change their tune as soon as an R gets in the WH...they are so terribly predictable.

 

[pinqy]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

 

[gipper]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

You are stating the central government's figure. It is undoubtedly wrong like everything else they proclaim.

 

[Jomama]

I think Obama is a boob but dont hold your breath waiting for these issues to be solved, they are mostly structural. We've moved several Billion people into the global economy in about 20 years, defeated communism, ended the cold war, computerized finance and accelerated the rate of global technological advance. This, Sir, is 90% the new normal and 10% that unqualified jackass in the white house.

 

[Rozman]

The Obama economy suks.
It really is that simple.

 

[pinqy]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

You are stating the central government's figure. It is undoubtedly wrong like everything else they proclaim.

It would be practically impossible to fake or fudge these numbers. But please, present your counter evidence

 

[gipper]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

You are stating the central government's figure. It is undoubtedly wrong like everything else they proclaim.

It would be practically impossible to fake or fudge these numbers. But please, present your counter evidence

Really? REALLY?

The central government lies all the time...lying about the REAL unemployment rate has been going on for decades. Or maybe you would agree that 'misrepresentation' is a more appropriate word.

This might help you.
Real Unemployment Rate Of 11.5 Means Difference To Reported Rises To Record Zero Hedge

 

[longknife]

Commerce Department: Oops. We Got the Data Wrong


Isn't it amazing how often nowadays that the information provided to us by the current administration with banner headlines aglow have to be revised – downward? Makes no difference whether it's the unemployment rater or, as in this case, the Gross Domestic Product figures.


Commerce Dept.: Oh hey sorry, the economy actually shrank 0.7 percent in 1Q 2015


Read the rest @ Commerce Dept. Oh hey sorry the economy actually shrank 0.7 percent in 1Q 2015 WITH LINKS!


The Economy Disappoints Again. What Could Be the Problem? @ The Economy Disappoints Again. What Could Be the Problem Power Line and here's the reason why →

 

[pinqy]

Commerce Department: Oops. We Got the Data Wrong

Isn't it amazing how often nowadays that the information provided to us by the current administration with banner headlines aglow have to be revised – downward? Makes no difference whether it's the unemployment rater or, as in this case, the Gross Domestic Product figures.

How often? Show us these numbers you find suspicious

Commerce Dept.: Oh hey sorry, the economy actually shrank 0.7 percent in 1Q 2015

So either you didn't know the G D P is always revised twice, and this is the second revision of Q1, and the revisions


Read the rest @ Commerce Dept. Oh hey sorry the economy actually shrank 0.7 percent in 1Q 2015 WITH LINKS!


The Economy Disappoints Again. What Could Be the Problem? @ The Economy Disappoints Again. What Could Be the Problem Power Line and here's the reason why →

[/QUOTE]

Commerce Department: Oops. We Got the Data Wrong


Isn't it amazing how often nowadays that the information provided to us by the current administration with banner headlines aglow have to be revised – downward? Makes no difference whether it's the unemployment rater or, as in this case, the Gross Domestic Product figures.


Commerce Dept.: Oh hey sorry, the economy actually shrank 0.7 percent in 1Q 2015


Read the rest @ Commerce Dept. Oh hey sorry the economy actually shrank 0.7 percent in 1Q 2015 WITH LINKS!


The Economy Disappoints Again. What Could Be the Problem? @ The Economy Disappoints Again. What Could Be the Problem Power Line and here's the reason why →

So where doe BE A say the revision was based on an error, rather than the normally scheduled revision based on better data? And I missed where you pointed out cc that it wik be revised one more time.

 

[pinqy]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

You are stating the central government's figure. It is undoubtedly wrong like everything else they proclaim.

It would be practically impossible to fake or fudge these numbers. But please, present your counter evidence

Really? REALLY?

Ummm, that's not evidence. But, yes, really. It would be practically impossible. But suggest your method.

The central government lies all the time

The political parts do. Statistics? No.

...lying about the REAL unemployment rate has been going on for decades.

What are you defining as the "real" rate? And what makes it "real?"

Or maybe you would agree that 'misrepresentation' is a more appropriate word.

I think a lot of people misunderstand what the rate means, but since that information is freely and publicly available there's no misrepresentation.

This might help you.
Real Unemployment Rate Of 11.5 Means Difference To Reported Rises To Record Zero Hedge

You do realize that calling something the "real" unemployment rate doesn't make it the real unemployment rate? And since his method is an assumption of how many people should be unemployed is ludicrous, it's laughable.
His "real" rate is "if the current number of people working or looking for work was the same as the average of the last 30 years, how many people would be unemployed."

I applied his method for the year 2000 (height of the Labor Force Participation Rate) and got a negative UE rate.

 

[EdwardBaiamonte]

Obamanomics was to Fundamentally Transform America,.

Yes exactly Solyndra and many others were going to give us milions of new green jobs in the new green economy!

I wonder what happened??

 

[gipper]

One of the most frightening statistics of all: Black teens have an unemployment rate of about 50%.

But that's not the scary part. The statistic only counts the Black teens who are not in school and ARE ACTIVELY LOOKING FOR WORK! The ones who are just "chillin'" are not counted.

So what's the REAL unemployment rate for this demographic. The mind is boggled.

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

You are stating the central government's figure. It is undoubtedly wrong like everything else they proclaim.

It would be practically impossible to fake or fudge these numbers. But please, present your counter evidence

Really? REALLY?

Ummm, that's not evidence. But, yes, really. It would be practically impossible. But suggest your method.

The central government lies all the time

The political parts do. Statistics? No.

...lying about the REAL unemployment rate has been going on for decades.

What are you defining as the "real" rate? And what makes it "real?"

Or maybe you would agree that 'misrepresentation' is a more appropriate word.

I think a lot of people misunderstand what the rate means, but since that information is freely and publicly available there's no misrepresentation.

This might help you.
Real Unemployment Rate Of 11.5 Means Difference To Reported Rises To Record Zero Hedge

You do realize that calling something the "real" unemployment rate doesn't make it the real unemployment rate? And since his method is an assumption of how many people should be unemployed is ludicrous, it's laughable.
His "real" rate is "if the current number of people working or looking for work was the same as the average of the last 30 years, how many people would be unemployed."

I applied his method for the year 2000 (height of the Labor Force Participation Rate) and got a negative UE rate.

The government's stated unemployment rate (U3) is much like the government's CPI rate. The CPI does not include energy, food, and taxes in its calculation. It is manipulated to appear much better than it actually is. The U3 rate does not include many unemployed Americans..it is manipulated to appear better than actuality. The U6 rate is likely much more accurate.

 

[longknife]

It's all typical government propaganda for a political agenda.

 

[gipper]

It's all typical government propaganda for a political agenda.

We are probably already in recession. Negative GDP in first quarter would seem to be a good indicator.

Obama's economic policy has been a complete failure even though he will have doubled the nation's debt in just 8 years. One would think his kooky Keynesian policies along with the crazy QE and ZIRP Fed policies, would be roundly condemned...but NO! The media seldom reports all this failure, but they will when an R enters the WH or if the crash happens before BO leaves office.

 

[EdwardBaiamonte]

Obama's economic policy has been a complete failure even though he will have doubled the nation's debt in just 8 years.

yep but we live in a liberal dominated culture that cant take responsibility for it's failures! Just like Stalin they will double down long before they think of changing course.

 

[pinqy]

Do you understand how facts work? You can't just pick a number and a definition and convince people it's true.

The Black unemployment rate for ages 16-19 is 24.4%. That means that of all black teens not in the military, prison, or in an institution and who are working or looking for work, 24.4% are not working. School doesn't't matter, only job search.
A-13. Employment status of the civilian noninstitutional population by age sex and race

You are stating the central government's figure. It is undoubtedly wrong like everything else they proclaim.

It would be practically impossible to fake or fudge these numbers. But please, present your counter evidence

Really? REALLY?

Ummm, that's not evidence. But, yes, really. It would be practically impossible. But suggest your method.

The central government lies all the time

The political parts do. Statistics? No.

...lying about the REAL unemployment rate has been going on for decades.

What are you defining as the "real" rate? And what makes it "real?"

Or maybe you would agree that 'misrepresentation' is a more appropriate word.

I think a lot of people misunderstand what the rate means, but since that information is freely and publicly available there's no misrepresentation.

This might help you.
Real Unemployment Rate Of 11.5 Means Difference To Reported Rises To Record Zero Hedge

You do realize that calling something the "real" unemployment rate doesn't make it the real unemployment rate? And since his method is an assumption of how many people should be unemployed is ludicrous, it's laughable.
His "real" rate is "if the current number of people working or looking for work was the same as the average of the last 30 years, how many people would be unemployed."

I applied his method for the year 2000 (height of the Labor Force Participation Rate) and got a negative UE rate.

The government's stated unemployment rate (U3) is much like the government's CPI rate. The CPI does not include energy, food, and taxes in its calculation.

It most certainly does include food and energy. And it includes sales tax and other taxes and use fees.

The U3 rate does not include many unemployed Americans..it is manipulated to appear better than actuality. The U6 rate is likely much more accurate.

What you mean is that the standard, decades old, internationally used definition of "unemployed" isn't big enough so you want to tweak the definition to make things look worse than they really are,

And if the government lies, why do you not think the U-6 is a lie? And if it's more true, why does the government publish it?

 

[EdwardBaiamonte]

The U3 rate does not include many unemployed Americans..it is manipulated to appear better than actuality. The U6 rate is likely much more accurate.

I doubt it, Jack Welsh said U3 was a lie before Barry's second election but despite national attention he was not able to prove it to anyone satisfaction.