An Obama Nation: Wall Street Advisor Says Actual Unemployment Rate Is 37.2%, ‘Misery Index’ Worst In 40 Years

Taxes, expenses, unemployment, the number of Americans on disability all rise while median income falls. The bitter fruit of liberal, leftist policies will continue leaving a bitter taste in America’s mouth for years to come …

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By Paul Bedard, Washington Examiner – “Don’t believe the happy talk coming out of the White House, Federal Reserve and Treasury Department when it comes to the real unemployment rate and the true ‘Misery Index.’ Because, according to an influential Wall Street advisor, the figures are a fraud.

In a memo to clients provided to Secrets, David John Marotta calculates the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government.

Marotta, who recently advised those worried about an imploding economy to get a gun, said that the government isn’t being honest in how it calculates those out of the workforce or inflation, the two numbers used to get the Misery Index figure.

‘The unemployment rate only describes people who are currently working or looking for work,’ he said. That leaves out a ton more.

‘Unemployment in its truest definition, meaning the portion of people who do not have any job, is 37.2 percent. This number obviously includes some people who are not or never plan to seek employment. But it does describe how many people are not able to, do not want to or cannot find a way to work. Policies that remove the barriers to employment, thus decreasing this number, are obviously beneficial,’ he and colleague Megan Russell in their new investors note from their offices in Charlottesville, Va.

They added that ‘officially-reported unemployment numbers decrease when enough time passes to discourage the unemployed from looking for work. A decrease is not necessarily beneficial; an increase is clearly detrimental.’

Then there is the Misery Index, which is a calculation based in inflation and unemployment, both numbers the duo say are underscored by the government. He said that the Index doesn’t properly calculate how Uncle Sam is propping up the economy with bond purchases and other actions.

‘These tricks, along with a host of other dubious accounting schemes, underreport inflation by about 3 percent,’ they wrote, adding that the official inflation rate is just 1.24 percent.

‘Today, the Misery Index would be 7.54 using official numbers,’ they wrote. But if calculations tabulating the full national unemployment including discouraged workers, which is 10.2 percent, and the historical method of calculating inflation, which is now 4.5 percent, ‘the current misery index is closer to 14.7, worse even than during the Ford administration.'” Source – Washington Examiner.

Nigeria: Islamists Slaughter Another 18 In Fresh Attack, Burn Down Houses

For peaceful purposes …

Qur’an Sura 3:110, “Ye [Muslims] are the best of peoples, evolved for mankind …”

The Will Nigeria – “A fresh Boko Haram attack in Alau Ngawo Fatie village, Jere Local Government Area Borno State, has left 18 persons dead.

The gunmen struck Sunday night, a few days after a similar attack on the Nigeria-Niger border town of Gashigar, killing 15 persons.

The Gashigar attack had sent fears into the residents of the fishing community who decided to flee into neighbiuring Nigerien villages.

Narrating the ordeal of his people in the hands of the insurgents, the village head of Alau, Bulama Ibrahim Alau, said: ‘The Boko Haram insurgents came and launched the attack at about 10pm  shooting people and burning houses.

‘They were in the village operating for nearly two hours without any security personnel coming to the aid of the villagers.’

According to the village head,  ‘I personally counted 18 bodies of victims made of men,  women and children after the Boko Haram members had left the village.

‘Most of those who survived the attack have fled the village as they do not know if they will be attacked again in the future.’

On the cause of the attack, he  said, ‘I think they attacked us because our youths have joined the Civilian JTF.’

His revelation came as  a former councillor in Jere Local Government Area, Mustapha Galtimari, confirmed that 18 corpses  were counted by the villagers after the Boko Haram attack on the village.

He alleged that several calls were made to security operatives for intervention  without any response …” Read more.

Flashback: Nigeria: ‘Proud Soldiers of Allah’ Vows to Take Down Government and Destroy Christianity, ‘We Will Devour You … Our Joy Is To Die In Jihad’ – “Islamist sect, Boko Haram, has threatened to bring down the Federal Government led by President Goodluck Jonathan within three months. Purported leader of the sect said this in his second video posted on the Internet yesterday. The 14 minutes, two seconds video of Abubakar Shekau seen on YouTube was in response to Jonathan’s comments while in South Korea, about two weeks ago, that the Boko Haram phenomenon would be under control by the middle of this year.” Read more.

Syrian Muslim Couple Taught To Hate Israel Has Eyes Opened After Israeli Treatment, ‘People Here Have A Conscience’

Hopefully their eyes will one day open a little wider to the realization that the Qur’an, Hadiths and Islam as a whole are nothing but a cesspool of perverted, destructive lies …

Qur’an Sura 5:51, “O you who believe! do not take the Jews and the Christians for friends; they are friends of each other; and whoever amongst you takes them for a friend, then surely he is one of them [unbelievers]; surely Allah does not guide the unjust people.”

Qur’an: Sura 4:89, “Have no unbelieving friends. Kill the unbelievers wherever you find them.”

Hadith, Tabari 7:97, “The morning after the murder of Ashraf, the Prophet declared, ‘Kill any Jew who falls under your power.’”

By Danny Brenner, Israel Hayom – “Israel Defense Forces troops brought a wounded Syrian couple to Poriah Hospital near Tiberias Thursday night. The couple, residents of the embattled town Daraa, arrived with gunshot wounds in their legs. The male is 27 years old and his wife is 23 and in the early stages of pregnancy.

While the two did not have life threatening wounds, the two have been through an immense amount of duress recently: Two months ago, the couple lost their daughter two weeks after she was born. ‘Because of the gunfire and the siege on our town in the Daraa area, we were left with no choice but to deliver the child at home — and the medical condition of my baby deteriorated,’ the woman told Israel Hayom. ‘All our pleading at the [Syrian] army checkpoint to go to the hospital did not help. We went back home and our daughter died there’

Eight days ago, the couple was struck with another tragedy. Their village came under attack, ‘artillery bombardment, gunfire, and planes bombing from above,’ the woman said. ‘In the evening my brother came and took us, my mother and two other wounded people and we tried to flee the village. During our exit from the village we were fired on by the army and my brother was killed before my eyes. We managed to escape back to the village and were treated in a field hospital. But the wounds got worse — until my cousin took us to the border and we got into Israel for treatment,’ the woman said. Her brother, 19, fought with rebels trying to topple Syrian President Bashar Assad’s regime.

Currently the couple remains hospitalized, both in the same room. The woman is struggling with being away from her family, but admitted that she did not expect such friendly treatment from her enemy. ‘We were surprised by the treatment and dedicated medical care we got in Israel,’ she said. ‘We hesitated coming to Israel, because we were taught to hate it. We were taught this is a brutal enemy state, but we learned that reality is different. People here have a conscience. Our enemy is in Syria, not in Israel. If only we could stay here.'” Source – Israel Hayom.

Al Jazeera Anchor Admits That Israel Respects Human Life (Unlike Israel’s Enemies)