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View Diary: Eastwood's F Bombs (29 comments)

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  •  Clint almost choked up when he mentioned the (7+ / 0-)

    25 million unemployed people in the US. You could see him catch himself when he started to teardrop up. He also implied that it was a disgrace that this once great country had so many unemployed people.

    I like Clint Eastwood and so do many other voters that grew up with him. He is not a wingnut.  Mitt and his sidekick Moe are the real jokes in all of this wingnuttery.

    "We are a Plutocracy, we ought to face it. We need, desperately, to find new ways to hear independent voices & points of view" Ramsey Clark, U.S. Attorney General.

    by Mr SeeMore on Fri Aug 31, 2012 at 02:03:47 AM PDT

    [ Parent ]

    •  Unemployed (3+ / 0-)

      25 million unemployed is a made up number. It's loosely based on U-6, which measures the unemployed, people who are marginally attached to the labor force, and people who are working part time but would like to work full time as a percentage of (labor force+marginally attached to labor force.) That number is 23.6 million.
        The number of people who are unemployed, as of July, is 4.794 million.
         While the U-6 number might be a good measure of economic distress, it is NOT the number of people who are unemployed.
        Comparing apples to apples...unemployment as we've always counted it...the number of unemployed is a little less than 12.8 million. If we subtract frictional and structural unemployment from that number (roughly 5% of the workforce) the recession component of the unemployed number amounts to about 5 million.
        1.5 million of those represent public sector workers who have lost their jobs due to govt cutbacks.

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