Posted by
The INFORMER (Cokie907@yahoo.com) on Thursday, July 02, 2009 1:21:00 PM
Remember when I told you Grassroots Troopers about the REAL unemployment rate, known as the "U6 data"? Here's the quote from a blog gone by for all to re-witness. From my June 15th entry, "Burn it down....then rebuild it":
"You see, the reported unemployment number is ONLY people who collect benefits. What about those who have stopped collecting benefits and moved into their mother's basement? What about those working a day or two a week, washing dishes, painting houses or picking up other odd jobs? The U6 numbers take all unemployed into account and it sits at a whopping 16.4%!"
Today on Yahoo news, a reputable source no doubt, they admit openly and honestly what I've been writing about for almost 2 months. Their are a heck of alot more unemployed people out there than Obama and his defenders want to admit. These people are going to get more and more desperate with the passage of time and this will result in a whole host of problems, not the least of which is an alarming jump in crime. I want all my readers out there to be aware of this fact and prepare accordingly. That means what it means folks and if you don't catch my drift here, email the INFORMER and I'll spell it out for you personally. Here's the Yahoo story link:
http://news.yahoo.com/s/ap/us_economy
Specifically from the Yahoo story, it says: "If laid-off workers who have given up looking for new jobs or have settled for part-time work are included, the unemployment rate would have been 16.5 percent in June, the highest on records dating to 1994." Does that not sound familiar to something written here awhile ago? The job picture will be worsening significantly over the next year as people hoard cash like squirrels gathering nuts for winter and restrict their spending to bare necessities. Watch for the stock market to sell off nicely as this places crushing downward pressure on earnings and optimistic bulls on Wall Street finally get the news flash!
Setting aside the punishing effects of the great "joke on America" known as "Carbon Cap and Trade", the one big unknown is whether or not "Dumbo the Puppet" will have the "stones" to push for across the board tax increases to pay for this socialized medicine scheme he's been peddling. If tax increases are unveiled, things could truly take a turn for the nasty as people cut back even further. Frankly, I don't even want to think about it.
The INFORMER has said it before and I'll say it again: "Grab your guns, grab your gold and hang on for the ride....cuz it's going to get really nasty for quite sometime."