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'09 optimism low, but nice surprises may be coming
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I understand that under the present system, if a jobless person is not looking for work, then that person is not counted as unemployed. And that methodology is flawed? How? It seems to me only logical that we should not count as unemployed people whom, by their lack of job-seeking effort, are saying that they do not want to be employed.
Unfortunately, I can't figure out what Earl's point is, especially in his first post. I've never heard or read anything that makes me think that Hoover and FDR BOTH engaged in a "government spend-a-thon," and I sincerely doubt you can prove that. At the very least, it flaunts all conventional wisdom.
Earl, why don't you tell us exactly how calculations in unemployment have changed over time? Give me numbers and sources, and I'll be able to understand what you're saying. If you think unemployment today is anywhere near depression figures, you've got another think coming.
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