Thursday, July 09, 2009

Economic Good News(?)

Our economy lost only 565,000 jobs in June. That's the lowest since Bush was in the White House.

It's really quite amazing that this would be spun as a good thing. Fortunately the article is much more honest than the headline, but sadly too many read only the headlines.

We have more people on unemployment now than we've had since 1967 when we started keeping careful records of this.

I would consider a decline in new claims good news if there were other positive factors to go with it and I don't see it.

8 Comments:

Blogger Bloviating Zeppelin said...

As the SECOND Porkulus Package waits in the wings. . .

BZ

12:12 PM  
Blogger Bloviating Zeppelin said...

Rasmussen Poll: Barry slipping again. . .

BZ

12:53 PM  
Blogger Joe said...

There are at least 565,00 folks who don't see it as a good thing.

4:59 PM  
Blogger Chuck said...

Dead on Joe, it's a matter of perspective. Kind of like "only 2 troops have died in Iraq this week". If one of them is your kid, that's a hell of a lot of troops.

9:30 PM  
Blogger Tom said...

As one of those looking for a job, perspective is very important - there is a certain percentage of those people that are competing for the same job that I am. It makes it harder for a potential employer to pick out the person that they need, and makes it harder for me to connect to that employer.

And losing more jobs just hurts everyone - period.

7:07 AM  
Blogger Always On Watch said...

We have more people on unemployment now than we've had since 1967 when we started keeping careful records of this.

There's something that I wish were the headline in every newspaper and on every news broadcast.

Of course, to do so would be to dent the messiahship of BHO.

7:37 PM  
Blogger Skip said...

heres an interesting site:
http://www.miseryindex.us/customindexbyyear.asp

2:12 AM  
Blogger dmarks said...

That's 566,000 MORE jobs than Obama said we'd lose by this time.

I was hoping that Obama's stimulus package would work (not fail). Even though I saw no reason that it would work: it was geared to the wrong things. And now it turns out that my hopes were wrong, and suspicious were correct.

Thanks, no-hope President.

4:22 PM  

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