"If one considers the people who would like a job but have stopped looking -- so-called discouraged workers -- and those who are working fewer hours than they want, the unemployment rate would move from the official 9.4 percent to 16 percent", said Atlanta Fed chief Dennis Lockhart.

Look, I hate Obama as much as the next guy, and I love stuff that makes him look bad MORE than the next guy, but this statement is just stupid.

The unemployment rate is what it is, and it's measured the way it's measured. Your little made-up fudge-factors don't change that.

I'd like it to be higher to make Obama look worse, too, but it's already Jimmy-Carter crappy, and that's good enough.

Take the gift horse, skip the dentistry.

Posted by: Harvey at 10:10 AM | No Comments | Add Comment
Post contains 139 words, total size 1 kb.