Topic: confusion
started by: Malcolm
Posted by Malcolm on Jun. 04 2009,06:22
Emphasis on the "con" part.Anyhoo, go to visit Google News this morning. Two major headlines?
US workers feel pain as jobless ranks grow
Reuters –
36 minutes ago
Jobless rolls drop, first time in 20 weeks
msnbc.com –
39 minutes ago
Posted by Vince on Jun. 06 2009,09:19
Pro Obama spin. Job loss has gone from "freefall" to just "steep decline". They played that as positively as they could all day.
Posted by thibodeaux on Jun. 06 2009,10:08
Reuters, being run by foreigners (who are supposed to love us now), apparently didn't get the Memo.
Posted by TheCatt on Jun. 06 2009,13:33
(Malcolm @ Jun. 04 2009,09:22)
QUOTE
Emphasis on the "con" part.
Anyhoo, go to visit Google News this morning. Two major headlines?
US workers feel pain as jobless ranks grow
Reuters –
36 minutes ago
Jobless rolls drop, first time in 20 weeks
msnbc.com –
39 minutes ago
Anyhoo, go to visit Google News this morning. Two major headlines?
US workers feel pain as jobless ranks grow
Reuters –
36 minutes ago
Jobless rolls drop, first time in 20 weeks
msnbc.com –
39 minutes ago
They're both right. They're just talking about different numbers.
Posted by GORDON on Jun. 06 2009,13:34
Like "Bush slashes Veterans Spending" because he approved a 4% increase instead of a 5% increase?
Posted by TheCatt on Jun. 06 2009,13:36
< Here's something I think is under-reported. >QUOTE
"Experts agree that if nothing is done, the unemployment rate could reach double digits," Mr. Obama said in a January 24 radio address. "If we do not act boldly and swiftly, a bad situation could become dramatically worse." The same month, his economic advisors released a report saying that, without the stimulus, unemployment would hit around 8.5 percent by April 2009, and 7.8 percent with it.
We know what happened next: a Democratic Congress quickly approved the legislation. But what may not be as obvious is that even with the stimulus, current unemployment is far worse than the Obama administration had predicted: it's already 8.9 percent.
We know what happened next: a Democratic Congress quickly approved the legislation. But what may not be as obvious is that even with the stimulus, current unemployment is far worse than the Obama administration had predicted: it's already 8.9 percent.
Posted by Vince on Jun. 07 2009,09:53
The way some economists are talking, the "without stimulus" projection may be looking good around the end of the year. A lot are calling for job losses to continue through to early next year up into the 10% area.Obama did tell us about the jobs that they saved last month. Of course there's no way to track that so we just have to take his word for it.