It’s About the Numbers by Kevin Jackson
The lamestream, state-run media is always good for a laugh, and this laugh has to do with the recent jobless claim. They are exuberant because as the AP headline reads, “New jobless claims fall unexpectedly to 457K”. So only 475 THOUSAND people lost their jobs this go-round! Come to think of it, that IS good news in Obama’s vida loca.
First-time claims for unemployment insurance dropped by 5,000 to a seasonally adjusted 457,000, the lowest total since the week of Sept. 6, 2008, the Labor Department said Thursday. Wall Street economists expected an increase, according to a survey by Thomson Reuters.Would you let a Wall Street economist babysit your “chirrens?” Me neither! So the idea that they expected an increase is supposed to actually mean something? Plus, aren’t we supposed to be mad at Wall Street for something?
Well I didn’t get my degree from Wall Street, but I do speak “economy”—it’s similar to Austrian. And what the economy is saying is that it has cut the fat, and is now cutting into muscle! Actually, the economy has been cutting muscle like a Jihadist since Jan of 2009, and putting band aids throat cuts. Yet AP can see the positive signs in all of this as they continually point out in their article, saying quite contradictory that they expect the economy to continue to add jobs, as it…cuts more jobs.
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