Saturday, February 4, 2012

Rick Santelli: Here's What's Wrong With the Jobs Number

In a nutshell, Obama wanted to improve the unemployment rate in an election year. By using fuzzy math, the president decided to take out people from the employment statistics. In fact, Obama has been doing this since taking office. There're millions of people who gave up looking for a job and when this happens, they are taken out of the employment statistics-- even though, they would go back to work if they had an opportunity. The unemployment figure should actually be like 15%. Thus, Americans should not get fall under the pretense that the economy is recovering. It is a farce.