Saturday, June 07, 2014

Jobless rate holds steady at 6.3%

After reading the butterfly kisses account of the “recovering economy” in the Washington Post (all jobs lost during the recession are back, and oh yes, labor participation rate is the lowest since 1978) I scanned through the comments.  Noticed this realistic one—can’t tell if the writer is left, right or middle, but s/he has obviously lost the rose colored glasses the government economists have been passing out for 5 years.

I think most of us are smart enough not to swallow the government data on job growth, rising home prices, or the brainless comment that "“we’re in the clear for the second quarter,” or any other data they throw at us. We're not as gullible as they think we are...we live in the REAL world, not from their fantasy realm in some ivory tower where they look down their noses at the working classes and fudge the numbers to make their assessments look good. How do they sleep at night?

Wonk blog, Washington Post

Here’s what an Obama recovery with added taxes, regulations, bank bail outs and crazy “cash for clunkers” looks like: 2.5years longer than any other recovery since WWII.

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