Awesome: Not Only Have We Lost Millions Of Jobs In A Year, We're Going To Keep Losing Jobs For Many Years More

AP:

US unemployment, now in the double digits, may remain "high" for several years and dampen economy recovery from a brutal recession, a regional central bank official warned Tuesday.

The United States had experienced so-called jobless recoveries following the previous two recessions in 1991 and 2001, when job creation remained weak for several years following the business cycle trough.

"In both cases, output growth was less robust than in the typical recovery and, unfortunately, things seem to be shaping up similarly this time around," said Janet Yellen, president of the Federal Reserve Bank of San Francisco.

Unemployment jumped to double digits in October for the first time since 1983, reaching 10.2 percent, although job losses narrowed to 190,000, the government said last week.

Um...first of all, that thing about a 'jobless recovery' is a load of crap.  Second, Yellen's statement about jobless recoveries is also crap.  Unemployment through both Clinton's and Bush's terms in office averaged just over 5%. 

While this completely inaccurate introduction may prompt one to disregard the entire rest of the article, don't be hasty.  There's still a lot worth digesting here.  For example:

President Barack Obama called the numbers "sobering" and said his administration was considering "further steps" to spark job growth.

Translation: another stimulus is likely on the way.  If you're a long-time reader of this blog, you already knew that.  God help us if he succeeds (though given what he's already done to the country, another trillion dollars may not make much of a difference)!

Yellen said overall economic recovery was likely to be gradual and "remain vulnerable to shocks" as weakness of the commercial property market combined with the muted outlook for housing and consumer spending.

"With such a slow rebound, unemployment could well stay high for several years to come. In other words, our recovery is likely to feel like something well short of good times," Yellen said.

The bottom line is that Obots are beginning the process of setting expectations for high unemployment indefinitely.  Why?  Because Obama is injecting socialist principles into every facet of America, which will inevitably lead to the retardation of growth and economic prosperity.  He's re-making America into Europe, in other words (they've had double-digit unemployment for decades).  If they can successfully force Americans to accept this state of economic retardation, they will remove the single largest complaint about what they are doing, and the single most effective weapon that conservatives have in re-taking the House, Senate, and White House in the coming years.

Resist!

Along these same lines, I came across a website today (via WND) that has some very disturbing numbers on the unemployment rate.  Shadow Government Statistics posts the following:

The explanation:

The true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi's Red Alert reports.

Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 recession.

Economist John Williams ... estimates that the peak of unemployment in nonfarm unemployment in the Great Depression of the 1930s would, by his methodology, have registered at 34 to 35 percent in 1933.

So, how does the Obama administration get away with reporting the lower unemployment percentage?

Corsi explained that the Clinton administration changed the way BLS calculates unemployment statistics by excluding "discouraged workers," those who had given up looking for a job because there were no jobs to be found.

Since the Clinton years, discouraged workers looking for a job for more than one year are not counted as "unemployed" because they are considered to have dropped out of the labor force.

The BLS still includes in "U6 Unemployment" calculations short-term discouraged workers, as long as they have been looking for a job less than one year.

This definition permits the Obama administration to under-report "U3 unemployment" at 10.2 percent when real unemployment as calculated before the Clinton administration redefinition is twice that amount, Red Alert contends, and U6 unemployment lies somewhere in between.

To be fair, I know nothing about ShadowStats.com, and WND can get a bit fruity from time to time.  However, we've already discussed the whole discourged workers phenomenon, so we know that's legitimate; thus, this was worthy of posting.

Regardless of what the actual number is, I think we can all agree that it is too high, and shows no sign of ending its climb.  These level-setting statements are a disturbing forecast of what the government is planning on in the future, and thus would like you to believe.

There's my two cents.