December 2, 2011
On government reports that the national unemployment rate has fallen to 8.6%…
The regime needs this, and when we finally get to under 9%, it’ll be 8-point-something, but the point-what won’t matter. The only number that’s going to matter is the “8” – [it] can be 8.9 – it won’t be 8.9, it’ll be “8”. Well it’s 8.6, but it doesn’t matter, it’s “8” and predictably the media’s all over it and that’s the headline… they’re not gonna dig deep and find out how it happened… the truth of the matter is… it’s a corrupt number… folks, the number of people who have quit looking for work in the last few weeks is 315,000. Those are the people who have thrown up their hands after 99 weeks. Or more. Of being unemployed. And they’ve said “I’m quitting. I’m not looking.” So they’re not counted. Therefore, the universe of jobs available in the country is down by 315,000.