U.S. Government Hiding True Unemployment Rate in Statistics

May 16th, 2008

Via: Daily Reckoning / Mogambo:

In fact, there are now more people on Government Payrolls (22,385,000) than Goods Producing payrolls (21,618,000)! Hahaha! We are so freaking doomed! What makes it So Damned Funny (SDF) is that a conceited, self-absorbed nation like America, that boasts how smart we are, cannot possibly realize the utter, utter stupidity of this! Hahaha! And yet, here it is!

Posted in Economy | Top Of Page

2 Responses to “U.S. Government Hiding True Unemployment Rate in Statistics”

  1. ericswan says:
    May 16, 2008 at 4:47 pm

    Thanks Kevin..This has to be one of the most important issues out there and it gets walleyed just like the stats on inflation. I wrote the Canadian Minister of Employment and Immigration and asked that same question. He referred my letter to another minister who replied to a question I didn’t ask. Go figure.

  2. Kevin says:
    May 16, 2008 at 4:57 pm

    If you haven’t seen Yes, Minister, YOU MUST WATCH IT. It’s a BBC TV series from the 1980s. The situation you described above sounds like it was lifted right out of the show.

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