"A wise and frugal government which shall restrain men
from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned. This is the sum of good government."
(Thomas Jefferson)

Monday, October 25, 2010

"60 Minutes" In-depth Report on Unemployed and Underemployed in America: 17.5%; California 22%

The first question that comes to mind is "Why would 60 minutes do an article like this right before the election?" That makes no sense out of CBS. They are reporting something we have suspected all along that the actual rate is much higher than the Administration wants to admit.

It is actually shocking like Bretbart.com says that CBS would do this report, but what is their ulterior motive? Is the plan by Obama and his advisors to have the Republicans take over Congress so he can blame them when he doesn't get something passed? It worked for Bill Clinton who moved to the center but it will never work for Obama as he has no clue from his recent statements what it takes to work together. He is way too arrogant demanding Republicans come to his way of thinking. If CBS is doing this thinking they will see a Bill Clinton lite running in 2012, they are dead wrong. Or do they want Hillary running instead of Obama.

If anyone can figure it out, please feel free to post your comments because for now we are at a loss as to why CBS would report this one week before the election.
60 Minutes Shock Report: Unemployed and Underemployed 17.5%; California 22%by Larry O'Connor

In a report sure to cause consternation at the White House and in the offices of the Democratic Leadership in Congress, “60 Minutes” provided an in-depth report on the realities of the unemployment situation in America today.

When you take into account the underemployed as well as the unemployed, the national rate hits 17% and California a staggering 22%.

To put a face on the realities of the underemployed in America under Obamanomincs, reporter Scott Pelley spoke with a fiber-optics engineering manager who has been looking for work for over a year. He just took a job working at a Target. 20% of the unemployed in America have college degrees.

According to the report, 1/3 of the unemployed have been out of work for over a year. This hasn’t happenned since the Great Depression.

Airing one week before the mid-term elections, this report explains better than anything, exactly what is at stake for our country on November 2.

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