Real Unemployment 37.2%, Real Misery Index 14, 20% on Food Stamps...

The US has always measured unemployment in terms of unemployment claims rather than in terms of those out of work -- it is the same gimmick that was used in the early 80s to make unemployment during the Reagan recession look lower than it really was... both parties play this trick because at the end of the day, they are both just shills for the land holding corporate aristocracy that wants the common man to think that things here aren't as bad as they are in France or Italy.

Well we know who is in charge of the Jesus_Christ handle.

death2ducks said:

DeepPurple said:

The US has always measured unemployment in terms of unemployment claims rather than in terms of those out of work -- it is the same gimmick that was used in the early 80s to make unemployment during the Reagan recession look lower than it really was... both parties play this trick because at the end of the day, they are both just shills for the land holding corporate aristocracy that wants the common man to think that things here aren't as bad as they are in France or Italy.

First part wrong.

The rest wrong. 1980? You obviously weren't there. Reagan took over with interest rates at 23.5% PRIME RATE. But now 30 years later, revisionists blame that recession on Reagan?
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Prove the first part wrong. When has unemployment NOT been reported that way in the US? Ever take a course in Econ?

Oh... so it was the fault of the guy before Reagan? Thought blaming the previous guy wasn't allowed?