Editor's Note: Peter Heck returns to the studio and to the Liberty Tree on June 18.
There’s a that will blow your mind available over at MoneyNews.com. In the video, the experts lay out how misconstrued, distorted and manipulated our so-called “unemployment rate” has become through the years. That isn’t the case just during the Obama years. It has been for a long time.
This “official unemployment rate” has been manipulated throughout the years. The current version does not include discouraged workers (those who stop looking for work, or no longer can qualify for unemployment benefits) and the underemployed (those who take part-time jobs just to get by).
Rep. Duncan D. Hunter, R-Calif., stated in The Washington Times, “The official unemployment rate treats this subset of Americans, totaling as many as 88 million people, as if they just vanished . . . call it what it is, an accounting gimmick.”
So if that’s the case, what’s the real number? As we head towards the November elections, what is the real number of Americans that would like to find good, steady work, but simply cannot in the Obamaconomy? You’ll be stunned:
The real unemployment rate is an eye-opening 22.3%, according to John Williams with Shadow Government Statistics . . . nearly triple the “official unemployment rate.”
Over one in five Americans…almost one in four Americans...that are effectively “unemployed” in America right now. Imagine that being reported on the news. Imagine what it would do to the public perception of the wisdom of Obama’s policies? Imagine what it would convince those on the fence about the promise of a second Obama term?
Now, here’s the scary part. When you watch the video you will see many experts who suggest that things may be about to get much, much worse than that if we don’t have a dramatic change in economic policy soon.