Half of the Industrialized World’s Unemployed are in America

Liberals love that they have made more people dependent on government.
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Paul Bedard in the Washington Examiner, headline: “Wall Street Adviser: Actual Unemployment is 37.2%.” Be honest with yourself, folks. You hear that 92 million Americans are not working, 92 million while global unemployment is just over 200 million people, and we have half of the world’s unemployed. This is the industrialized world, now. Half of the industrialized world’s unemployed are in America, and they tell us that the unemployment rate is, what, 6.7%?

There are today nine million fewer jobs in the labor force than when Obama was inaugurated in 2009. Nine million jobs that have just vanished. They don’t exist. They are not job openings waiting to be filled. They represent closed businesses, shut-down small businesses, reduced workforces at various businesses. It’s not a pretty picture, and everybody knows it. College graduates can’t find career work.

Heck, they can’t even find part-time work. I mean, full-time work’s being converted to part-time because of Obamacare. There isn’t anything positive in the job market, and it’s got people scared to death for their kids, their grandkids, and even for themselves. It is causing — theoretically, now. It is causing Baby Boomers to not retire. They can’t afford to. They’ve gotta keep working. So they are not turning their jobs over to others, unless they are fired, which is also happening.

But it’s an insult to everybody’s intelligence that the unemployment rate is reported as 6.7%. Even the Drive-Bys in the last two reports have had to admit the number is coming down not because of job growth but because of the reduced labor force. Ninety-two million Americans are out of work. What’s the adult population of the country, 225 million? So of 225 million adults in the country, 92 million aren’t working, and they want to tell us the unemployment rate’s 6.7%?

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