First time visitor? Learn more.

New CBO Report Decimates ‘Obamanomics’ lies: Real Unemployment Hits 15%

by Bob in Breckenridge ( 5 Comments › )
Filed under Barack Obama, Communism, Cult of Obama, Democratic Party, Economy, Education, Elections 2012, Headlines, Misery Index, Politics, Progressives, Socialism, Uncategorized, unemployment at February 17th, 2012 - 10:22 am

Yet more proof, as if we needed it, that we cannot believe anything that the liars in this corrupt administration say.

New CBO Report Decimates ‘Obamanomics’: Real Unemployment Hits 15%

“The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression.”

Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014.

The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent.

Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.”

“>

Tags: , , ,

Comments

Comments and respectful debate are both welcome and encouraged.

Comments are the sole opinion of the comment writer, just as each thread posted is the sole opinion or post idea of the administrator that posted it or of the readers that have written guest posts for the Blogmocracy.

Obscene, abusive, or annoying remarks may be deleted or moved to spam for admin review, but the fact that particular comments remain on the site in no way constitutes an endorsement of their content by any other commenter or the admins of this Blogmocracy.

We're not easily offended and don't want people to think they have to walk on eggshells around here (like at another place that shall remain nameless) but of course, there is a limit to everything.

Play nice!

5 Responses to “New CBO Report Decimates ‘Obamanomics’ lies: Real Unemployment Hits 15%”
( jump to bottom )

  1. 1 | February 17, 2012 11:14 am

    The Greatest economy in history!!!!!!!!
    /////////////


  2. lobo91
    2 | February 17, 2012 11:29 am

    Too bad voters don’t read CBO reports.

    I turned on AFN during one of the hours when they carry MSNBC today, and they were talking about how there’s “no point” to Romney’s campaign now, since the economy is fixed.


  3. mfhorn
    3 | February 17, 2012 12:20 pm

    The Republicans have to get this out in the news every day between now & November, no matter how many times they get called raaaaacist.


  4. Bob in Breckenridge
    4 | February 17, 2012 12:35 pm

    Rodan wrote:

    The Greatest economy in history!!!!!!!!
    /////////////

    Compared to Greece, you might be right! Might be…


  5. 5 | February 17, 2012 1:22 pm

    @ Bob in Breckenridge:

    :lol:


Back to the Top

The Blogmocracy

website design was Built By David