Missourian
Diamond Member
Thank you so much Politico, for telling us what we already knew. Biden and the Democrats worked so hard to convince us to believe them that the economy was wonderful and not to trust our lying eyes that perceived the reality that there was an chasm between those rosy, sanitized numbers and the far bleaker economic reality on Main Street.
Now that the election is long past, Politico deigns to finally impart some truth to the American electorate...only four months too late to be relevant to the election when it really would have mattered.
But don't take that to mean you shouldn't read it...better late than never.
Here's a little taste to whet your curiosity...
"I don’t believe those who went into this past election taking pride in the unemployment numbers understood that the near-record low unemployment figures — the figure was a mere 4.2 percent in November — counted homeless people doing occasional work as “employed.” But the implications are powerful. If you filter the statistic to include as unemployed people who can’t find anything but part-time work or who make a poverty wage (roughly $25,000), the percentage is actually 23.7 percent. In other words, nearly one of every four workers is functionally unemployed in America today — hardly something to celebrate."
Now that the election is long past, Politico deigns to finally impart some truth to the American electorate...only four months too late to be relevant to the election when it really would have mattered.
But don't take that to mean you shouldn't read it...better late than never.
Here's a little taste to whet your curiosity...
"I don’t believe those who went into this past election taking pride in the unemployment numbers understood that the near-record low unemployment figures — the figure was a mere 4.2 percent in November — counted homeless people doing occasional work as “employed.” But the implications are powerful. If you filter the statistic to include as unemployed people who can’t find anything but part-time work or who make a poverty wage (roughly $25,000), the percentage is actually 23.7 percent. In other words, nearly one of every four workers is functionally unemployed in America today — hardly something to celebrate."
