Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Secretary of Labor Reich: Unemployment Numbers Show We’re Already In a Depression

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Washington’s Blog
Wednesday, April 8, 2009

Robert Reich was Secretary of Labor under Bill Clinton, and is an economics professor at U.C. Berkeley.

Reich has every incentive to paint a rosy picture of the economy, because:

  • Committed Democrats want Obama to succeed in turning the economy around, and worry that “gloomy talk” about the economy could make that difficult
  • The Labor Department has traditionally used a reduced unemployment figure (called “U-3″) to hide the extent of job losses

So it is news that Reich, citing the real unemployment numbers (called “U-6″) says we’re already in a depression:

 

This is still not the Great Depression of the 1930s, but it is a Depression.

For more on the real unemployment numbers, see this and this. For more on high-level experts who have said we’re already in a depression, see this.

Secretary of Labor Reich: Unemployment Numbers Show Were Already In a Depression  obama 340x169

This article was posted: Wednesday, April 8, 2009 at 4:18 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Nanny State to Ban Toasters, Kettles & Hair Dryers! See the rest on the Alex Jones YouTube channel.

Obama Bypassing Congress to Sign UN Climate Change Deal See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.