pinqy
Gold Member
Even under bush unemployment was at 5.5 and liberals were screaming it's the end of the world. Now they are content.
Correct. But Conservatives were NOT arguing that under Bush the "real UE rate" was 10% or so under the U-6.
There was no need. At the time unemployment being so low, it was not an issue.
Why on Earth would there be a necessity to argue a point when no one was remotely interested.
During most of the early to mid 2000's the US was at or near what is considered "full" employment.
So you only think there's a need to make the rate sound worse when it's already bad? The "real rate" is the U-3 when things are good and the U-6 when it's bad? You're sure the party in power doesn't affect your logic here? If you want I can use what you're claiming is "real unemployment" and apply it to the 2000's (though I'd have to use 35 hours/week as the minimum because that's how it's reported).