Why can't you see that the real level of unemployment is much more that 7%. You have blinders on if your prmise begins with "...we have a ways to go before unemployment reaches 7%." That is nonsense; please do not waste our time by not facing facts. And remember, the only reason GDP is 'up' is because the USD is higher than any other fiat currency.
First of all, a stronger $US works against GDP not for it, go back and learn your basics. Second, he is referring to the BLS statistics, and they use the same methodilogy today as under Clinton and others, so it is an apples to apples comparison. Third, unemplyment will be munch higher under Obama. A carbon tax, corporate tax, Employee Freedom of Choice Act, higher regulations all point to much higher unemployment. I would call Obama's plan the China Full Employment Act. Just look at the Markets
Why can't you see that the real level of unemployment is much more that 7%. You have blinders on if your prmise begins with "...we have a ways to go before unemployment reaches 7%." That is nonsense; please do not waste our time by not facing facts. And remember, the only reason GDP is 'up' is because the USD is higher than any other fiat currency.
budb11 3 years ago
This was filmed on December 12 when unemployment was below 7% and the facts are constantly changing.
ala4119 3 years ago
First of all, a stronger $US works against GDP not for it, go back and learn your basics. Second, he is referring to the BLS statistics, and they use the same methodilogy today as under Clinton and others, so it is an apples to apples comparison. Third, unemplyment will be munch higher under Obama. A carbon tax, corporate tax, Employee Freedom of Choice Act, higher regulations all point to much higher unemployment. I would call Obama's plan the China Full Employment Act. Just look at the Markets
CO2islife 3 years ago