NEW SGS CHART ~ Unemployment Now at 21%

Even that is a totally bogus number. The DOL uses the Birth/Death ratio to skew it down and then estimates that hundreds of thousands found new jobs that simply do not exist in this Depression. The real number of Unemployed is over Thirty Million.

They are spinning it as a positive! Idiots

Hey daj...

...worst in 26 years! Good thing I due custom work.

Did you know that when they say "120,000 new manufacturing jobs...."

..They are talking about fast-food resturaunts for the most part?

slippery bastards.

This depression? Don't make me laugh. Economic doom mongers are so desperate for doom that now they are making up depressions. If you lived through the great depression you would know what a depression really is. This is a cake walk. There are no bread lines. Malls and restaurants are full.

You total idiot. I lived through the depression. The food lines are not taken care of by food stamps. Churches are still helping, but not to the degree of the Thirties.

yeah i agree, things are tuff right now, but nowhere near as tuff as the 30s

it may get that bad very soon though.

when 60 million Americans are out of work, the shit is gonna hit the fan

Isn't that 9.7 percent,the numbers for the folks that are still drawing unemployment,and not counting the ones that have exhausted their benefits?

Yep!

This IS a depression.

sure it will go higher after the summer workers get laid off. A lot of high schoolers and college students going back to work. Isnt there a usually a slow down of the economy during the fall.

i meant a lot of students going back to school, not work

[link to www.shadowstats.com]

You got it! [link to www.shadowstats.com]

New chart from SGS added ~ Clearly at the 21% level.

[link to www.shadowstats.com]

they said daj the highest in 26 years. i remember the 80s, i dont recall it being this bad. ppl were out of work but not like this.

That's what I keep thinking. I remember the 80s. I know what they are talking about, but I don't remember it being this bad.

<The real number of Unemployed is over Thirty Million>
One in nine Americans receive government assistance to buy food, which amounts to 34 MILLION people receiving food stamps.

< I lived through the depression. The food lines are not taken care of by food stamps>
I'm sure Fritz meant "The food lines are NOW taken care of by food stamps. Frightenly correct..if you want a more truthful estimate of the unemployed, look at the number of food stamp recipients.

Ditto ditto...
I married in '82 and remember people telling me that it was going to be tough because of unemployment, but it was nowhere even close to this bad.

Plus many of those food lines in the 30's depression are not there because people are getting their food through food stamps. I read the other day that the average person get over $150/month for food on that program! WOW! No wonder so many American are getting fatter. I guess they're storing up for a rainy day or something.

only new jobs is acorn jobs

Friday's report also showed that there were 9.1 million workers limited to part-time jobs because they couldn't find full-time positions, up 278,000 from the month before.

We did not have FOOD STAMPS fool during the Great Depression and Million upon Millions of people are on Food Stamps and Section 8 housing programs. So now knowing this get the OFFICIAL Number on Food Stamps put them in line an say multiply 2 feet for each person in line and see how far the line goes. BUT I BET YOUR SOME OBAMABOT SHILL that can not do the math or your some BRAIN WASHED DEMOCRAP or REPUBLICAN STOCK MARKET BANKER and even if you could do the math you would not be able to desern the truth. LONG LIVE THE LOGIC OF RIGHT THINKING AMERICANS....

SHIT!

All you have to do is look around. I was laid off in June and since then the amount of cars parked in the driveway during the weekdays has increased month by month in our neighborhood. Numbers Shmumbers, there's your indicator.

When did they start using the U3 number and not the U6 number? Does anyone know this? Obviously somewhere between the 80s and now. But can we find a date on that? Anyone?

It wasn't this bad during the 80s, not even the slightest.
What is going to make this one different than ANY previously, is the banks got their banking bill passed in 2005 and they got their bankruptcy bill passed. What this does is wherein it took two years to rehabilitate a persons finances to go back into the market to purchase a home it now takes 5 years. If thousands or millions of people whose credit is systematically being destroyed cannot return to participating in the various markets the economy does not move forward as it is a totally consumer driven economy, planned that way and there will be no steam to build any momentum.
People who have good credit, who have credit lines are seeing their maximum amounts being reduced on their credit lines or eliminated all together and they are seeing reductions in their credit on credit cards, all of this without having done anything to merit this. What this does now is whatever they show on balances makes their balances seem proportionally disproportionate and that lowers their credit score.

Most good loans today require at minimum a 720 and with that they want a substantial down payment. For those loans with less than 20% down there is the requirement of MMI and sales are falling out due to the insurers of the MMI turning down loans.

Tthe malls, those that were built over the past few years or are in various stages of completion are empty. their loans are not 30 year loans but as little as 8 year loans and they will not ualify for refinancing so you have yet to see the fallout on that score and we still have the credit card issues and the quadrilllion dollar derivatives market.

This is one gigantic mess out of which it will take years to emerge according to how I see it and still "they" over mainstream news are telling you how good it is and how we have turned the corner on this.

And nobody demands the government to recall al the jobs sent overseas. ROFL.


Lady Liberty is now a useless piece of metal.

SAD!

Last Edited by COMMON SENSE GUY on 09/04/2009 02:48 PM