Right now, the media is going to extraordinary lengths to keep the unemployment rate at the lowest number possible. My question is to how the media will report the same economy if the GOP takes over the presidency and the senate next election.
I predict that the media will show the true numbers (at this time, around 9.3%). In addition, they will then include the ones who have exhausted their benefits, but also not working, another 1 to 1.5% (or about 10% more total unemployed). Finally, they will most probably include those who have part time work but really want to work full time as part of the unemployment rate.
So, with the same economy, look for the unemployment rate jump from 8.5% to close to 15 or 16% reported unemployment.