Ron Paul: Unemployment rate is ‘probably closer to 20 percent’

Felicia Sonmez
Washington Post
March 10, 2012

TOPEKA, Kan. — This morning’s jobs report was only a token sign of progress for the economy, Rep. Ron Paul (R-Tex.) said at a campaign event here Friday.

Speaking to a crowd of several hundred supporters at the Topeka Performing Arts Center, Paul contended that the actual unemployment rate is much higher than today’s report would suggest.

“You know what the unemployment rate really is? It’s probably closer to 20 percent,” Paul said to a cheering crowd at his first of three Kansas events Friday. “Today they were talking about the good news reports, but they’re very, very token.”

This morning’s report showed that in February, the economy added 227,000 jobs — a bit of welcome news for the Obama administration — and that the unemployment rate remained unchanged at 8.3 percent.

Paul has long argued that the unemployment figures released by the Bureau of Labor Statistics are inaccurate and that the country has actually been in a depression for the past decade.

Full article here

Related Posts

Ron Paul & Dylan Ratigan: Cancelling Debt Hel... The Daily Bail 7.28.11 Clip has not been posted previously. Rep. Ron Paul shares his thoughts on Congress cancelling the $1.6 trillion in Treas...
Ron Paul on Wall Street Bailout Fraud: Use Geithne... Watch and learn that the biggest bailout in history was a FRAUD, perpetrated by the Government. Keep Geithner as long as you can Obama. This might be ...
“Rock Star” Treatment for Ron Paul RT March 29, 2012 The Maryland primary is less than a week away and one specific group candidates like to attract is young voters. Hundreds o...
Ron Paul speech at Palmetto Freedom Forum CNN Sept 6, 2011 The presidential candidate talks about American principles.
Ron Paul Says Agenda Behind Bombing Incident Is Mo... Congressman Ron Paul fears that the agenda behind the Flight 253 bombing incident is to expand the war on terror into Yemen while stripping Americans ...

Comments are closed.