The Nation:Double-Digit Unemployment Poses Political Danger for Obama

(The Nation).America already has double-digit unemployment,In fact, the real unemployment rate, as opposed to the official rate, is well over 15 percent.

That's because the official unemployment rate is not, as economist John Williams has noted, "figured in the way that that the average person thinks of unemployment, meaning figured the way it was estimated back during the Great Depression."

What happens when we include people who have stopped looking for work because they do not believe there are jobs to be found, along with part-time workers who would like to be working full-time?

Then, we start looking not at the unsettling 10 percent figure but the far more frightening 20 percent number.

As economist Howard Rosen told NPR after official unemployment topped 8 percent in February: "Today we learned that there are 12.5 million people who are unemployed, and we have another 8.6 million people who are working part-time because they cannot find full-time jobs. Now, you're talking about 20 million people in this country who are either unemployed or underemployed. I don't want to freak out people, but the unemployed number, we start talking about 15, 16 percent."

....When the federal government actually acknowledges that the country has a double-digit unemployment rate, when a figure that is above 10 percent becomes that official number — something that the trend lines suggest could happen this summer — the country reaches an emotional and political tipping point.

“Ten is a tangible, very clear reminder that this is a severe recession,” explains Ohio State University economics professor Bruce Weinberg. “Ten becomes something psychological. People will say: ‘Whoa, we’ve got a double-digit unemployment rate.’”
Politically, it is the point at which people start looking for someone to blame. Obama and his people will blame the president’s predecessor.

The problem, of course, is that the blame game gets harder when it becomes possible to link a sitting president’s actions to soaring unemployment figures.

Murdoch Predicts 10-11% Unemployment: