Ron Paul: Real Unemployment Is at 22.8%

Ron Paul

Last week, supporters of the current administration rejoiced over job numbers released by the Bureau of Labor and Statistics (BLS). For the first time since the administration came to power, the official unemployment number fell below 8%. Keynesian cheerleaders all claimed the numbers meant we are surely on the road to economic recovery, just in time for Christmas, and also, the election. Others saw through this ruse.

[pullshow id=”nothing”][pullthis id=”nothing”]The situation on the ground looks nothing like a recovery. 23 million people are still out of work or chronically underemployed. This number is expected to rise dramatically next year.[/pullthis] The situation in Washington should not give anyone cause for optimism. Politicians refuse to look honestly and intelligently at the cause of our economic malaise, and so real solutions are not taken seriously or acted upon. It is much easier and less painful to simply recalculate the numbers and redefine the terms until a rosier picture is presented. There is only blind hope that at some point, for some reason, things might change. But nothing will change for the better if we only stay the course.

The truth is the long term solutions to our economic quagmire involve some short term pain. Re-evaluating the economic role of an institution as insidious and behemoth as the Federal Reserve will inconvenience some people, and those people happen to have a lot of power. Similarly, the idea of ending government programs and closing down superfluous departments will always upset someone because it means someone will stop getting a government check.

No one wants to upset the apple cart, even if all the apples are rotten.

Not all of the unemployed are counted in the BLS unemployment numbers. This is no secret. In 1994 government statisticians came up with the term “discouraged worker” to remove entire swaths of people from the unemployment statistic. Now all the government has to do to improve the unemployment numbers is discourage people from looking for a job.

Far more unintended consequences are created in Washington than jobs.

Ideally, the business sector should be able to depend on sound numbers from the BLS, but smart business leaders know that trust in these numbers leads to bad decisions and failure. In regards to the recent jobs numbers, investor Jim Rogers recently stated “I have learned not to take advice from the government, especially the US government, which frequently misleads its citizens.” He also noted the election just around the corner, suggesting timing as an extra incentive to keep fudging the statistics.

[pullshow id=”stats”]The real drivers of the productive economy can’t afford to take risks based on false numbers. This is why economist John Williams created Shadow Government Statistics, utilizing more traditional methodologies and definitions to show business decision makers the real economic picture, warts and all. He shows the real unemployment rate to be a staggering 22.8%.

[pullthis id=”stats”]This is a difficult figure to accept as the actual truth. Perhaps if the politicians did, the people would finally demand real change and real solutions. [/pullthis]Perhaps they would consider that all of the so-called stimulus spending, quantitative easing and mountains of regulation from Washington has only crippled the economy. Perhaps people would come to understand that fewer checks handed out from the public sector would mean more checks available in the private sector, and a return to real prosperity instead of just the appearance of it.


  • That’s what I planned to do also. But you’re vote is just going to be waisted. I don’t like Romney and I really don’t like Obama, but I’m voting for Romney just so we can at least get Obama out of office. The main goal right now is to get Obama out of office, not to replace him.

  • It’s actually both of them that are the cause. The government can deficit spend with the money the Fed supplys them with. If we were on a gold standard they couldn’t have these huge debts.

  • You may not realize this but Romney is the SAME as Obama on all the major issues. So IF the votes even count Obama and Romney are both indifferent, bought and paid for puppets. The only votes that make a real difference are ones for a third party and Gary Johnson is probably the best out of them. Of course, all of this is assuming we actually have free and fair elections in the U.S. but I seriously doubt that, from what I know.

  • Robert

    If this were just an election between two big party candidates, I might join a revolt and vote third party. Anyone who votes third party this year simply does not understand how dangerous Obama is.

    He has signed over 900 executive orders. Bush signed 60 in EIGHT years.
    He has paid subsidies to Venezuela to deep drill OUR offshore oil wells, blocked the Keystone pipeline, and brought fracking technology to a standstill.
    He has admitted he is a Muslim. He has facilitated FOUR regime changes in the mid-east through both action and inaction. In every case the victorious faction is more anti-American than the previous one.

    He has allowed the lawsuit against the Black Panthers for voter intimidation to be dropped, and Eric Holder to hold his position as Attorney General after congress officially censured him, and extended Executive privilege to 70,000 pages of documents. He has reduced our warhead arsenal from 0ver 5,000 to less than 1,500 UNILATERALLY with no concessions or agreements from any other nations. He has stood by while Hilary attempts to negotiate away our 2nd amendments.

    Obama was picked as the Democratic nominee for 2008 before his 2004 speech at the DNC. He was selected, groomed, sent to Harvard (supposedly). He and Michelle both surrendered their licenses to practice law to avoid prosecution. Tony Rezko was sent to prison for attempting to sell Obama’s Senate seat! Who paid all Obama’s bills? How did he afford a 1.65 MILLION dollar home on a starting attorney’s salary? Who paid for all his schooling? How did he afford an around the world junket as an undergraduate? How did he travel to Pakistan in 1981? What nationality passport did he use?

    Anyone who thinks there is nothing to choose between Mitt and Barry is delusional, and that goes for Dr. Paul as well, God bless him. The choice is between the foreign usurper who wants to finish reducing the USA to a third world nation, and a man who is a self-made millionaire who can read a balance sheet, and has balls enough to stand up for America. No contest.

    (HD) (SHOCKING) Israeli Terrorism and the Talmud
    No War for Israel in Syria and Iran !
    The Insanity of Christian Zionism!
    The Outrageous Racist Hypocrisy of Israel and World Zionism!
    Trayvon Martin Real Racism and the ZioMedia
    “Most Jews do not like to admit it, but our God is Lucifer and we are his chosen people. Lucifer is very much alive.” – Harold Wallace Rosenthal 1976.

    + + + SUPPORT PALESTINE + + +

    + + + SUPPORT PALESTINE + + +

  • how have you come to your conclusion, in the 2010 election the majority of new senators were tea party pics conservitives who are for small government! the polls are showing that the Romney does have the Indy vote, as for Johnson hardly any one knows who he is! and he doesn’t have enough financial support to get his message out! I’ve not seen a single ad from Johnson on any of the main TV stations!

  • How do you know that? Maine will count the votes because he is a write-in candidate there. Where are you getting this information and that if it’s true how will you know that Gary Johnson’s votes will not be thrown away?

  • Just a reminder, Low Unemployment Rate is a figment of imagination a calculated rate. How would anyone know? Low Unemployment Rate don’t pay salary, don’t pay taxes, don’t buy food, don’t pay rent or mortgage, don’t cloth children and don’t provide any service to the community, it’s a calculation done on a calculator! Read IRS tax receipt from salaried workers down, BLS labor participation relative to pop. growth down, Dept. Agr. food stamps up, welfare up; No tax, workers, food or housing!

  • Surfisher

    Amazing that the people have been bamboozled into thinking that either Barack or Mitt are a solution — when both are AGAINST these principles upon which our Nation was built!

    PRINCIPLES we must stand by!

    “A government big enough to give you everything you need, is a government big enough to take away everything that you have….” Thomas Jefferson

    “They who would give up an essential liberty for temporary security, deserve neither liberty or security” BENJAMIN FRANKLIN

    “When liberty is taken away by force it can be restored by force. When it is relinquished voluntarily by default it can never be recovered.” DOROTHY THOMPSON

    “Those who profess to favor freedom and yet depreciate agitation, are people who want crops without ploughing the ground; they want rain without thunder and lightning; they want the ocean without the roar of its many waters. The struggle may be a moral one, or it may be a physical one, or it may be both. But it must be a struggle. Power concedes nothing without a demand; it never has and it never will.” FREDERICK DOUGLAS

    “Before a standing army can rule, the people must be disarmed; as they are in almost every kingdom in Europe. The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any band of regular troops that can be, on any pretence, raised in the United States. A military force, at the command of Congress, can execute no laws, but such as the people perceive to be just and constitutional; for they will possess the power, and jealousy will instantly inspire the inclination, to resist the execution of a law which appears to them unjust and oppressive.” —Noah Webster, An Examination of the Leading Principles of the Federal Constitution (Philadelphia 1787).

    “All that is necessary for the triumph of evil is that good men do nothing” EDMUND BURKE

    “America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.” ABRAHAM LINCOLN

    Voting for either would be legitimizing the further corruption that seems to have no end!

    VOTE for Garry Johnson — or face the dire consequences of failing to do so — TIME TO WAKE UP AMERICA!

    • Cal

      What most people do not realize is that we do NOT have a person as our government. The Constitution of the United States is our government, and those elected to office or those assigned are just workers assigned duties. That they, congress and the president have been, and are still, taking more powers (illegally) for them selves is not surprising.

      “God provided that in this land of liberty, our political allegiance shall run not to individuals, that is, to government officials, no matter how great or how small they may be. Under His plan our allegiance and the only allegiance we owe as citizens or denizens of the United States, runs to our inspired Constitution which God himself set up. So runs the oath of office of those who participate in government. A certain loyalty we do owe to the office which a man holds, but even here we owe just by reason of our citizenship, no loyalty to the man himself. In other countries it is to the individual that allegiance runs. This principle of allegiance to the Constitution is basic to our freedom. It is one of the great principles that distinguishes this “land of liberty” from other countries”. J. Reuben Clark

      So support our government or support the domestic enemies working very hard to destroy it. At least learn what your (We the People) part in our government is – We are sovereign, not a president, congress, senate, or judicial.

  • Mike Sheftall

    Ron Paul gave up on American people, and that pissed me off. It only tells me he doen’t believe in his message as strong as he is telling us. If he did he would have stayed in the race, and not slapped his supporters in the face with his getting out of the race.

    • Bob Davis

      Mike Sheftall , Dr. Ron Paul did stay in the race. He was at the RNC and his voice was heard very loud and clear. If you truly supported Dr. Ron Paul you would have known this and would not have fallen for the medias lies about him leaving the race. I doubt that any of Paul’s supporters feel like they were slapped in the face! Only an obomonite or romneynite would come here and post such a post as you did.
      Nice try but we aren’t falling for it!!!

  • Simple math shows the jobs number cannot meet the population growth and young adults entering the labor force. 314 million Americans x 1% pop. growth = 3 million per year / 12 month = 250K new 18-21 yr old adults entering the jobs market every month. With only 114K jobs created per month, that leaves 136,000 non-working new adults every month. The miracle of Obamanomics and Low Unemployment Rate, 136K adults disappear per month. Low Unemployment Rate is not a Job, it’s spelled different!

  • frances quinn

    i voted for ron paul in the primaries but now i have to support Romney….if the choice is our muslim marxist policy president then we have to think of the road our country is heading and the dictatorship with his executive power pen that Obama is using. i think ron paul should throw his support to Romney much as that may not be a perfect situation for him, it is much better for the country to fire Obama. you will just split the vote and allow Obama to win. do you really want that for a country you profess to love?

    • Mark

      there are other candidates besides Democrat and Republican. Voting for them will add your little bit of power to their party.

    • orin

      So if Hitler were the president, and Mussolini was running against him on the republican ticket would you vote for Mussolini because he is less evil.

      not to say that Romney is less evil than Obama

  • David

    If Obama is the worst President ever why are you people worried about a little 3rd party candidate? Is this ROmney lib logic?

  • Karen Brennan

    Dr. Paul, My heart aches that your name is not on the ballot. Never in my life have I struggled with an election and who to vote for, as I have this year. In the past I have voted on both sides of party lines. I try to choose the candidate with the best character and integrity first and I often have to sacrifice some of my viewpoints with whatever decision I make. I am at a loss this year. You are honestly my candidate of choice. Your record speaks for itself. Your character is rock solid, you cannot be bought, and you are not a puppet of special interests. Unfortunately the other candidates outside of the Democratic/Republican camps can hardly be heard, as they do not have the funding to pay for media space and they are not included in any of the debates. It is such a shame and a disappointment. I am still undecided as to where to cast my vote. Honestly, I will probably write you in.

  • lol I was just messing with you. Either way, it’s not good.

  • IT makes sense that we have 115million people unemployed and 350-400million men women and children in this country. Sad most media channels cant count.

  • Im voting Merlin Miller of the A3P

  • Timings uncanny. A man I know was just dumped from Unemplyment yesterday 13 weeks early. If your not actively collecting your not being counted as Unemployed. Ron can never emphesise enough how sad and sorry I am that they sledghammered your ankles on this campagn trail. Pastor Lindsey Williams said in recent Alex Jones interview we’ll see massive increased inflation in December and Federal Reserve note collapse by end of May. Please refer to youtubes AlexJones Channel. God bless n protect you.