Real Unemployment at 23% - Dampening the Excitement

September 9th, 2012

By Michael Collins
There was a shadow over the national conventions of both political parties. The people know that the economy is much worse than anyone in the power structure will admit. As usual, the people are right. The real rate of unemployment is 23%, not the official figures we hear on a regular basis. The 23% figure represents all of those unemployed no matter how long, the involuntarily under employed (part time), and those who have given up looking, the discouraged, due to an chronically arid job market. If either wing of The Money Party, Democratic or Republican, admits to the the real unemployment situation, they would be forced to admit a complete system failure and compelled to act now. There would be no choice but to drop the nonsense about austerity and balanced budgets.

Here is how the fantasy of the official unemployment figure works.

Official unemployment includes those who are both unemployed during the week of the Bureau of Labor Statistics (BLS) survey and without a job for the prior four weeks.

The official unemployment number we see excludes those marginally attached to the labor force, discouraged workers, and those working part time due to the absence of full time work. The Alternative unemployment statistic is always higher than the official version. It includes most of the unemployed but excludes discouraged workers after twelve months without a job (See Appendix). In the chart above, you will see the official government unemployment number (U-3), the alternative number (U-6), and the figure, which includes U-3 and U-6 plus all those unemployed who have given up. That represents 23% of the work force. (Graph Courtesy of Shadowstats.Com Shadow Government Statistics - John Williams)

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Turn out the lights, the party's over

August 21st, 2012

Michael Collins

(Washington, DC) Don Meredith blessed us with that song. It's just about time to sing it regarding the 2012 Presidential Election. (Graph source)

Why? Because Mitt Romney's pick for vice president, the ultra-fit Representative Paul Ryan, is tightly associated with a make no mistake about it misogynist of the very worst kind. Republican Representative Todd Akin of Missouri is running in the Republican primary to oppose incumbent Democrat Senator Claire McCaskill (D-MO). At least he was until he revealed just how warped he really is at in an August 19 interview with Charles Jaco on the Fox local outlet in St. Louis, Missouri.

Jaco: In the case of rape, should that [abortion] be legal or not?

Rep. Todd Akin: … from what I understand from doctors, if it's a legitimate rape, the female bodies have ways to try to shut that whole thing down. But let's assume that maybe that doesn't work or something, I think there should be some punishment but the punishment should in the rapist… (Charles Jaco, KTVI Fox, St. Louis, MO)

This isn't Ryan speaking but the slime may well stick to Ryan. Romney's number two is cosponsor of pieces of legislation with Rep. Akin. The Sanctity of Human Life Act equates a fertilized egg with a human being. Any procedure, birth control or abortion that ends the viability of the egg would be considered homicide (see Center for American Progress). Ryan isn’t casual about this issue. In a joint press release today, the Romney campaign clarified that Ryan opposes abortion in the case of rape. Romney does not.

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Santorum Hearing Voices

February 27th, 2012

By Michael Collins

(Washington, DC) Senator Rick Santorum knows something many of us do not. Satan is waging war on the United States. This is no scruffy terrorist group carrying explosives in their underwear or shoes. It is Satan himself, also known as the Devil, Mephistopheles, the Beast, etc. (Image one, two)

How does the senator know so much about this attack?

Santorum hears voices.

Four years ago, he admitted just that:

"Satan is attacking the great institutions of America, using those voices of pride, vanity, and sensuality as the root to attack all of the strong plants that has (sic) deeply rooted in the American tradition," Senator Rick Santorum from The Daily Beast

That's a very strong statement. Some wonder if the senator is barking-at-the-moon mad. Santorum is undeterred. Campaigning in Arizona, he asserted his right to speak out about "good and evil." He referenced former President Ronald Reagan as one political leader who shared this view. Santorum also shares Reagan's strongly held conviction that trees cause pollution.

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