Saturday, February 4, 2012

Imaginary numbers

Much is being made in the legacy media about the drop in the unemployment rate to 8.3% (which - Hello! - is still half a percentage point higher than when Obama took office). James Pethokoukis explains (a) why this unemployment number is a phony advertisement for economic recovery, and (b) why the preshizzle is probably going to lose, anyway, in spite of his bogus job statistics.


bruce said...

Yeah, the unemployed have just given up trying, woooh! woooh!

We had this debate for decades in Aust, so a small drop in the figures doesn't impress. Rather it's scary like the harbinger of terminal disease.

rinardman said...

The disease this country is suffering from, is Obama fever.

Let's just hope we find a cure before it becomes terminal.