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Lost Bet on Unemployment

clubgitmo Wrote: Oct 08, 2012 7:08 AM

If you really thought the unemployment rate would not go below 8% until 2015 then you really can not be in tune with politics and the current regime in office. I predicted 2 years ago come election time, one of the last unemployment reports before election day the unemployment rate would be under 8% and close to 7.5%. Now the media will be out there, just like barry touting how much better things are getting because the unemployment rate is now uner 8%. Bottom line, anyone with any smarts knows the unemployment rate is waaaaaaay higher for sure. Simply put its more lies from the barry gang.

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Greg1084 Wrote: Oct 08, 2012 7:26 AM

Gallup: 60% of people don't believe what they see or read from MSM.

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topknot Wrote: Oct 08, 2012 9:57 AM

The unemployment #'s is just another ploy by the government to get Obummer relected on what a great job he is doing . Well it is all hog wash just like the pigs that are in office we all know that Obummer will and has always been the scum of America.

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Lost Bet on Unemployment

On Friday, I lost a bet made in March of 2010 regarding unemployment. I bet that the unemployment rate would not dip below 8% before June 2015.

I crunched numbers many ways and simply decided there is no way the economy could possibly grow enough jobs. It didn't and still won't.

I posted this chart at the time.

At the height of the housing bubble, the economy only added 212,000 jobs a month. I figured we would not...

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