Tuesday, April 9, 2013

The "Improving" Jobs Picture

Financial columnist Charles Payne breaks down the March jobs numbers and finds that they reveal an economy that is, well - broken down:

"With only 88,000 jobs created last month the mass media immediately leaped on the unemployment rate which declined to 7.6% from 7.7% ignoring the fact 496,000 people dropped out of the labor force. The not in labor force has surged to 89,967,000 from 80,699,000 since February 2009. It's a sobering thought or would be if the media wasn't plying the public with happy faces and superlatives for polices that have been nothing but destructive. The jobs numbers for March were not just ugly they were heartbreaking and underscore trends we can no longer afford to look away from."

finance.townhall.com/columnists/charlespayne/2013/04/09/the-media-and-their-lies-n1561674/page/2

Amen. Do you remember the scene near the end of The Hunt for Red October where a Soviet attack sub has just shot a second spread of torpedoes trying to kill the Red October and the captain has removed the safety arming devices? Their quarry turns directly into them and they realize at the last second that their own torpedoes are going to blast them to kingdom come. A crewman turns to the captain with a look of fear and loathing and says, "You have killed us you ass!" We are just about there.

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