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Actual unemployment is 37.2%, 'misery index' worst in 40 years


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Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

By Paul Bedard | JANUARY 21, 2014 AT 1:08 PM

 

Don't believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true “Misery Index.” Because, according to an influential Wall Street advisor, the figures are a fraud.

 

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

 

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn't being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

 

“The unemployment rate only describes people who are currently working or looking for work,” he said. That leaves out a ton more.

 

“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,” he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.

 

They added that “officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.”

 

Then there is the Misery Index, which is a calculation based in inflation and unemployment, both numbers the duo say are underscored by the government. He said that the Index doesn’t properly calculate how Uncle Sam is propping up the economy with bond purchases and other actions.

 

“These tricks, along with a host of other dubious accounting schemes, underreport inflation by about 3 percent,” they wrote, adding that the official inflation rate is just 1.24 percent.

 

“Today, the Misery Index would be 7.54 using official numbers,” they wrote. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, ‘the current misery index is closer to 14.7, worse even than during the Ford administration.”

 

http://washingtonexaminer.com/wall-street-advisor-actual-unemployment-is-37.2-misery-index-worst-in-40-years/article/2542604

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Wall Street adviser: Actual unemployment is 37.2%, 'misery index' worst in 40 years

You must be so pleased!

 

First your hero Bush drove the country to the brink of economic collapse, then your con masters announced years ago that they were going to do everything they possibly could to destroy the economy in order to hurt Obama.

 

You must be dancing around your living room laughing, thinking of all the American families who have been financially destroyed.

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“Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment.

 

 

Is my mother-in-law is lincluded in that 37.2%? She's 85 and retired. The truth is something like 10,000 baby boomers are retiring monthly and that number will increase as more boomers reach retirement age.

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Is my mother-in-law is lincluded in that 37.2%? She's 85 and retired. The truth is something like 10,000 baby boomers are retiring monthly and that number will increase as more boomers reach retirement age.

No. The unemployment rate only counts able bodied working age people. Not retirees.

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It's like listening to the Blame Obama Network (aka Fox News). What can Obama do to fix the economy? Well, he could create jobs but the Repubs have made sure that that will never happen. So what should Obama be doing? Anyone?

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How have the Republicans stopped him from creating jobs?

They've either defeated or underfunded Obama's jobs programs and have never come up with an alternative. They're spent most of their time shifting the blame.

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They've either defeated or underfunded Obama's jobs programs and have never come up with an alternative. They're spent most of their time shifting the blame.

Well perhaps you ppl on the left didn't get the memo. In 2010, the American ppl overwhelmingly voted to send the Republicans to Congress to specifically put a stop to obammie's radical agenda. Obstruct is what they were hired to do!

 

The reason for their low approval is because of RINOS like Boehner capitulating to obammie and Reid much more so then standing his ground. After all, the American ppl wanted obamacare replaced, but Boehner is dragging his feet.

 

To all the lefties that gripe about Republican obstructionism, they're real gripe is NOT with the Republicans, but with the American ppl who sent them there to do just that!

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Yeah they are making money even though people that work for a living don't. many people that have jobs are not making it. this bush depression sucks.

Time to grow up!

 

> My Twilight Years ~

> Clint Eastwood

>

>

>

>

>

> As I enjoy my

> twilight years, I am often struck by the inevitability that

> the party must end.

>

> There will be a

> clear, cold morning when there isn't any

> "more."

> No more hugs, no

> more special moments to celebrate together, no more phone

> calls just to chat.

>

>

> It seems to me that

> one of the important things to do before that morning

> comes,

> is to let every one

> of your family and friends know that you care for them by

> finding simple ways

> to let them know

> your heartfelt beliefs and the guiding principles of your

> life so they can always say,

> "He was my

> friend, and I know where he stood."

>

>

> So, just in case

> I'm gone tomorrow,

> please know this

> ...…..

>

>

>

>

>

>

> I voted against

> that incompetent, lying, flip-flopping, insincere,

> double-talking, radical socialist,

> terrorist excusing,

> bleeding heart, narcissistic, scientific and economic

> moron

> currently in the

> White House!

>

>

>

>

>

>

>

>

> Participating in a gun buyback

> program because you think that criminals have

> too many

> guns is like having yourself castrated because you think

> your neighbors have too many kids...

>

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Time to grow up!

 

> My Twilight Years ~

> Clint Eastwood

>

>

>

>

>

> As I enjoy my

> twilight years, I am often struck by the inevitability that

> the party must end.

>

> There will be a

> clear, cold morning when there isn't any

> "more."

> No more hugs, no

> more special moments to celebrate together, no more phone

> calls just to chat.

>

>

> It seems to me that

> one of the important things to do before that morning

> comes,

> is to let every one

> of your family and friends know that you care for them by

> finding simple ways

> to let them know

> your heartfelt beliefs and the guiding principles of your

> life so they can always say,

> "He was my

> friend, and I know where he stood."

>

>

> So, just in case

> I'm gone tomorrow,

> please know this

> ...…..

>

>

>

>

>

>

> I voted against

> that incompetent, lying, flip-flopping, insincere,

> double-talking, radical socialist,

> terrorist excusing,

> bleeding heart, narcissistic, scientific and economic

> moron

> currently in the

> White House!

>

>

>

>

>

>

>

>

> Participating in a gun buyback

> program because you think that criminals have

> too many

> guns is like having yourself castrated because you think

> your neighbors have too many kids...

>

Dirty Harry, mean old senile man talking to his chair! Pathetic!

You could hear the collective GASPS in the audience when he said this! Even Bagger cons were shocked!

 

In his world, chairs talk, and corporations are people, and hatred rules the GOP. :blink:

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You must be so pleased!First your hero Bush drove the country to the brink of economic collapse, then your con masters announced years ago that they were going to do everything they possibly could to destroy the economy in order to hurt Obama.You must be dancing around your living room laughing, thinking of all the American families who have been financially destroyed.

Its always the same mantra....explain how Bush alone drove the Country to the brink of econmic collapse? Please give us specific examples without being partisan......we are in year six of obama and his policies and after 800 + billlion we are no better since he took office, in fact the gap has widened under obama....how do you explain that?

 

If you choose to reply lets see if you can act older than a 12 yr old

 

what has Obama in his six years done for the middle class income gap? Why have the rich continued to get richer under Obama?

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Time to grow up!

 

> My Twilight Years ~

> Clint Eastwood

> As I enjoy my

> twilight years, I am often struck by the inevitability that

> the party must end.

> There will be a

> clear, cold morning when there isn't any

> "more."

> No more hugs, no

> more special moments to celebrate together, no more phone

> calls just to chat.

> It seems to me that

> one of the important things to do before that morning

> comes,

> is to let every one

> of your family and friends know that you care for them by

> finding simple ways

> to let them know

> your heartfelt beliefs and the guiding principles of your

> life so they can always say,

> "He was my

> friend, and I know where he stood."

> So, just in case

> I'm gone tomorrow,

> please know this

> I voted against

> that incompetent, lying, flip-flopping, insincere,

> double-talking, radical socialist,

> terrorist excusing,

> bleeding heart, narcissistic, scientific and economic

> moron

> currently in the

> White House!

> Participating in a gun buyback

> program because you think that criminals have

> too many

> guns is like having yourself castrated because you think

> your neighbors have too many kids...

Alzheimer's is a terrible thing.

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You must be so pleased!

 

First your hero Bush drove the country to the brink of economic collapse, then your con masters announced years ago that they were going to do everything they possibly could to destroy the economy in order to hurt Obama.

 

You must be dancing around your living room laughing, thinking of all the American families who have been financially destroyed.

 

I'm pretty sure the Big O has gotten pretty much everything he wanted.

 

Of course, you idiot leftists (redundant) wouldn't be taking credit if the economy was in solid recovery. We all know that. :rolleyes:

 

Now bracing for anudder "summer of recovery", "green shoots", and "shovel ready jobs" !!!!!!!!

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I'm pretty sure the Big O has gotten pretty much everything he wanted.

Your masters have tried to block every single thing he has tried to do. They were willing to harm America and hurt millions of people to do that. And they did that while you traitorous stooges cheered them on.

 

Of course, you idiot leftists (redundant) wouldn't be taking credit if the economy was in solid recovery. We all know that. :rolleyes:

 

Everyone knows that you traitors harmed the country ON PURPOSE. No matter how loud and long your scream your lies, EVERYONE KNOWS.

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