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Originally Posted by scottw
oh really?? then surely they must have corrected the projections using "good" data as soon as they realized this and after they quickly admitted this...you probably have those revised numbers/projections handy right???
the fact is that either projection has us at what would be a reasonable expectation for a recovery, the administration was trying to sell massive spending as a way to get there more quickly and the only reason that they can claim the current unemployment rate is the direct result of millions and millions of Americans leaving the workforce and climbing on to the government dole....at this rate a 5% unemployment rate will be the result of a large proportion of the population on permanent government assistance  |
Didn't the CBO calculate recently that extending unemployment compensation another year for those whose benefits are about to expire will create or save 300,000 jobs? Exactly like you say--we can get to 5% unemployment by laying off enough people to collect unemployment. Wow, if enough lose their jobs, we can reach 0% unemployment. I wonder if that calculates to everyone losing their jobs creates 100% employment?