You can't spend your way to prosperity...

We Spent $3.2 Trillion… and Haven’t Put a DENT in REAL Unemployment

by Phoenix Capital Research

The financial media are gaga over the alleged great jobs numbers from last week.


We’ve been over this saga many times. The methodology for calculating jobs gains is not even close to accurate. The unemployment rate is now a marketing gimmick rather than an accurate economic metric.


Indeed, here are some staggering statistics that indicate just how messed up the US economy is right now.


· The labor participation rate is the lowest since 1978.

· There are over 90 million Americans without a job right now.

· An incredible 20% of all American families do not have a single member who is employed.

· There are over 47 million Americans on food stamps.


There is simply no way to spin these numbers. The US Federal Reserve has spent over $3.2 trillion and generated virtually no real job growth (accounting for population growth).


See for yourself...

Read more at http://investmentwatchblog.com/we-spent-3-2-trillion-and-havent-put-a-dent-in-real-unemployment/#k2yEis8QmyiXvlss.99