Friday, July 2, 2010

A numbers game....

So, Obama tries to cherry-pick the positive out of a generally negative jobs-market report by focusing on the volume of jobs instead of the value.

Isn't that kind of like betting excited about heavy trading volume on Wall St. while ignoring the trades drove the averages down?

This either means 1 of 3 things:

1. Obama knows the numbers are bad but he's been advised to put a political spin on it anyway, understanding the American people aren't going to buy it.

2. Obama and his advisers don't understand the unemployment and jobs-market reports.

3. They view their target audience as stupid.

My guess is number 3. They don't view the American public as particularly intelligent and they don't think most people will understand that, while technically the number of jobs rose, the pay that people received dropped. Oh, and the average work-week shrank. That means former full-time workers making living wages are now accepting multiple part-time jobs to make ends meet. These jobs probably do not come with benefits.

How much you wanna bet the next breathless report has something to do with the increasing number of Americans lacking healthcare. I've got an idea, let's implement a VAT tax and then kick the can down the road some more. Pretty soon we'll all be dead and our children can deal with it right?

1 comment:

  1. My guess is all of the above. people were stupid enough to elect him.


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