Before It's News | Popular Money
Here's The Real Unemployment Rate
Any rate drop is from 'discouraged workers eliminated' from job accounting WND Jerome R. Corsi NEW YORK – Are the reports of an Obama economic recovery based on the economy creating mostly part-time jobs and on manipulated government statistics that report an artificially low unemployment number? According to John Williams, an economist known for asserting the government reports manipulated “shadow statistics” of economic data for political purposes, the real unemployment rate for July 2013 was 23.3 percent, not the 7.4 percent reported by the Bureau of Labor Statistics. Meanwhile, the House Ways and Means Committee reported Monday that seven of every eight new employees under Obama have been part-time.
Two Most Important Charts You’re Likely to See All Day
By Peter Degraaf * GoldSeek.com Featured is the weekly gold chart, with the US dollar at the top. The rising dotted lines in the gold chart coincide with falling dotted lines in the US dollar index chart. The long uptrend line supporting the dollar coincides with the latest correction in the gold price. The arrow in the dollar chart points to a possible breakdown below the rising trend-line in the dollar (once price drops below the arrow).
Yes, Defund Obamacare
Gene Schwimmer * American Thinker The GOP division over whether to defund ObamaCare can be summarized in two quotes: This, from Texas senator Ted Cruz: We can de-fund Obamacare if Republican leaders who tell their constituents they're conservative stand up and act like they're conservative. And in opposition, Ramesh Ponnuru: [I]f Republicans stay firm in this demand [to defund Obamacare], the result will be either a government shutdown or a partial shutdown combined with a debt default. Either would be highly unpopular, and each party would blame the other. The public, however, would almost certainly blame Republicans.
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