MORT ZUCKERMAN SAYS WE'RE IN A DEPRESSION

Mort Zuckerman, editor of US News and World Report, says real unemployment is much higher than we're being told. He says, practically speaking, we are in a depression. Zuckerman voted for Obama; he now supports Romney.

Mortimer Zuckerman: Those Jobless Numbers Are Even Worse Than They Look

Don't be fooled by the headline unemployment number of 8.1% announced on Friday. The reason the number dropped to 8.1% from 8.3% in July was not because more jobs were created, but because more people quit looking for work.

The number for August reflects only people who have actively applied for a job in the past four weeks, either by interview or by filling an application form. But when the average period of unemployment is nearly 40 weeks, it is unrealistic to expect everyone who needs a job to keep seeking work consistently for months on end. You don't have to be lazy to recoil from the heartbreaking futility of knocking, week after week, on closed doors.

How many people are out of work but not counted as unemployed because they hadn't sought work in the past four weeks? Eight million. This is the sort of distressing number that turns up when you look beyond the headline number.

Continued

http://online.wsj.com/article/SB1000...206305056.html

Dick Morris agrees

Real Unemployment Rate Is 11.4%

https://mail.google.com/mail/u/0/?ta...9a7287a6633df9

Hey, wouldn't it be cool to see the demtards faces when they realize "They've been had"...LOL

We just singing along...http://www.youtube.com/watch?v=jHPOzQzk9Qo

Zuckerman also said that unemployment is 19%. http://www.newsmax.com/StreetTalk/Zu...9/08/id/451171

Damn everyone has known and reported this for months hardly eye opining now...

Zuckerman also said that unemployment is 19%. http://www.newsmax.com/StreetTalk/Zu...9/08/id/451171 Originally Posted by JD Barleycorn

Our method of defining unemployment has changed since the Great Depression. I'd like to see what our current umemployment rate would be using the same methodology we used back in the thirties.

We are probably worse off economically today, compared to the Great Depression. As bad as things were in the thirties, at least they didn't have a crushing debt to deal with. Economies can bounce back from downturns, even depressions, there is no way to bounce back from unpayable debt.

But what about the GM miracle ?

Argentina did it.....so did Russia....and Mexico...............

there is no way to bounce back from unpayable debt. Originally Posted by joe bloe