Thread: General Politics Keynesian Job Program / Stimulus Plan
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Old 03-08-2013, 06:25 AM   #117
Comrade Crapski Comrade Crapski is offline
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Join Date: Mar 2012
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The picture is unequivocal. During the four years that the U.S. government has dubbed "an economic recovery" the U.S. economy has been losing jobs at the fastest rate in recorded history for every year of this so-called recovery.

Having a background in economics and statistics, I've explained in numerous commentaries precisely how andwhy the concocted "statistics" claiming to show "new jobs" have no basis in reality. The problem is that unless readers themselves have a reasonably sophisticated understanding of the mathematics involved, it may be difficult for them to follow such reasoning.

However, everyone can understand a line going straight down. This is the U.S. labor market, and has been for the past four years: a line going straight down. There is no set of conditions where a line going straight down can translate into "more jobs."

This is the only "unadjusted" labor statistic produced by the U.S. government -- therefore it must represent the truth. What does that make all of the "adjusted" numbers purporting to show the U.S. economy "adding jobs" month after month after month?

That's right: lies.

http://www.thestreet.com/story/11862...?kval=dontmiss

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