Voodoo Economics and Unemployment

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Canada Free Press:

This wave of new immigrants has a different agenda and that is why blanket amnesty must be stopped

 

Voodoo Economics and Unemployment

 

By Dr. Ileana Johnson Paugh (Bio and Archives) Tuesday, January 14, 2014

 

Ninety-two millions of Americans are unemployed yet the spin masters are telling voters with a straight face that the economy is recovering nicely. The much touted 6.7 percent (U-3) unemployment rate has dropped again miraculously in December thanks to voodoo economics and statistics that totally discount millions of discouraged workers who have dropped out the labor force and stopped looking for work.

 

If Americans out of the labor force are counted, the unemployed rate is the U-6 reported by the Bureau of Labor Statistics, approximately 13 percent. The civilian labor force participation also dropped to 62.8 percent.

 

The question nobody is asking is, if the unemployment rate is dropping and things are so rosy, why are Democrats asking for a three-month extension on unemployment benefits? In a normal world, it would seem logical that these people should go back to work.