Sunday, October 16, 2011

It Can't Be Said Better....

In an interview with the Wall Street Journal, GOP presidential candidate Herman Cain responded to a question about the Occupy Wall Street protests by saying, “Don’t blame the big banks. If you don’t have a job and you’re not rich, blame yourself.”
Now pay attention while Heidi Schierholz explains for him (and maybe you) in simple words:

Here are the facts: This morning, the Bureau of Labor Statistics (BLS) released new data from the Job Openings and Labor Turnover Survey showing that there were nearly 3.1 million job openings in August. However, we know from other BLS data that there were 14 million unemployed workers in August. In other words, there were nearly 11 million more job seekers than job openings.

The ratio of unemployed workers to job openings is now 4.6-to-1

Heidi Scheirholz, Economic Policy Institute. (emphasis added by poster)

Now, this is simple arithmetic. Do you suppose that the several other rich men who have made similar statements in the last year can't add it up? Or do they have another agenda, probably not in your best interests? See below.

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