Friday, February 5, 2016

The Biggest Lie

In order to allow corporations to lay everyone off in broad daylight, government stooges had to "adjust" the official unemployment rate calculation to exclude the long-term unemployed. Therefore, when employment reaches zero, the unemployment rate will be 0%. And the streets will be lit up like the Fourth of July...






The "official unemployment rate" is the biggest lie in U.S. history. It takes the long-term unemployed out of the calculation, so it continually moves lower, even as overall employment is at decade lows...




This will be the lie that defines the Obama Presidency - Corporate Shock Doctrine while he was peddling fiction...

What's wrong with this picture?
Unemployment (blue) and Employment (red) used to be inversely correlated, as logic would dictate. They cross over during recoveries, but they've never converged at the outer limit before. Now, they've converged at the lower bound. Somehow we're to believe that unemployment is at cycle lows while employment is also at cycle lows...