McGurn: The Media Fall for Phony 'Jobs' Claims - WSJ.com
I find that the national sheep are so attuned to the MSM these days that they believe what they hear more than what they see. As late as Sept of 2008, the market was at 12K and unemployment was 6%, yet the MSM was screaming "depression" and the man in the street was as mad as hell at the "horrible" economy. They ignored what they were living and went with what the news told them.
Now unemployment is at 9.4%, when it was promised that if we followed the BO plan would not exceed 8%, but "things are better" -- the market is under $9K.
I'm waiting for some bogus statistic on debt and deficits. Maybe "Net Invested Surplus" or something ... assume some nice solid rate of return on deficit spending ... like the old saws about 2-4x return on deficit spending. Just flat out count it was "income" as if all that investment came in as tax revenues, and all of a sudden, massive real deficits become charming "NIS Surpluses" ... in the trillions of dollars. BO ends up with a "booming" economy when running for election with 10's of millions of "Save Or Created" jobs and trillions of "NIS Surplus".
Maybe we could have the "happy days index" -- sort of the inverse of the old Carter "misery index". Forget any real numbers, this is the age of BO -- make them up and get happy!
Mr. Obama's comments yesterday are a perfect illustration of just such a claim. In the months since Congress approved the stimulus, our economy has lost nearly 1.6 million jobs and unemployment has hit 9.4%. Invoke the magic words, however, and -- presto! -- you have the president claiming he has "saved or created" 150,000 jobs. It all makes for a much nicer spin, and helps you forget this is the same team that only a few months ago promised us that passing the stimulus would prevent unemployment from rising over 8%.
I find that the national sheep are so attuned to the MSM these days that they believe what they hear more than what they see. As late as Sept of 2008, the market was at 12K and unemployment was 6%, yet the MSM was screaming "depression" and the man in the street was as mad as hell at the "horrible" economy. They ignored what they were living and went with what the news told them.
Now unemployment is at 9.4%, when it was promised that if we followed the BO plan would not exceed 8%, but "things are better" -- the market is under $9K.
I'm waiting for some bogus statistic on debt and deficits. Maybe "Net Invested Surplus" or something ... assume some nice solid rate of return on deficit spending ... like the old saws about 2-4x return on deficit spending. Just flat out count it was "income" as if all that investment came in as tax revenues, and all of a sudden, massive real deficits become charming "NIS Surpluses" ... in the trillions of dollars. BO ends up with a "booming" economy when running for election with 10's of millions of "Save Or Created" jobs and trillions of "NIS Surplus".
Maybe we could have the "happy days index" -- sort of the inverse of the old Carter "misery index". Forget any real numbers, this is the age of BO -- make them up and get happy!
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