NY Times: Double Dip Recession Growing in Likelihood
Friday, 05 Aug 2011 08:17 AM
By Forrest Jones
“It’s been about 30 years since the U.S. slid into recession, crept out and then fell back in again — known as a double-dip contraction — and now the country seems poised to repeat history, ” the New York Times reports. You can read the entire story here: http://www.moneynews.com/StreetTalk/Double-Dip-Recession GrowinginLikelihood/2011/08/05/id/406214?s=al&promo_code=CC55-1
While President Obama continues to pour out his Socialist Redistribution Propaganda and outright lies, our economy and Stock Market continue to tank. The Administrations propaganda and dishonesty now reaches into the very governmental reporting institutions that we rely upon to make business decisions.
Oh, by the way. The New Debt Limit bill that doesn’t increase taxes, adds back a 2% payroll tax on all workers. I could go on with other taxes and the inevitable Tax Increases to pay for the additional $4.3T in Spending that Obama will spend up until the 2012 Election to make it appear that
The Administrations propaganda and dishonesty is now affecting our government institutions integrity. .”… the Department of Labor Statistics [is] cooking the books so the media will report declining unemployment numbers, only to “adjust” the previous week’s figure upward? It certainly would seem so. The strategy seems to be to under report the numbers one week so the media reports the dip in jobless, then the next week, quietly “adjust” upward the previous week while still reporting a decline in the numbers. Here is proof that you cannot trust anything coming out of the Department of Labor Statistics.” See http://www.governamerica.com/dailydialectic.php?subaction=showfull&id=1312489815&archive=&start_from=&ucat=&
Consequently, if you believe the Bureau of Labor Statistics big lie today, that Unemployment went down, you may be naive. For example, are you aware that the Department of Labor Statistics own numbers show that there were more people working in June than there were in July of this year, yet the Unemployment Rate dropped? According to Rush Limbaugh, “If the labor force was as big today as it was when Obama took office, if there were as many jobs available today as there were then, the unemployment rate would be 11.7%, and the real unemployment rate, the U6 number, would be over 20%.” – Rush”