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    « Another insult to intelligence | Main | Morning Joe 12/7/2012 -- Establishment reaction »
    Friday
    Dec072012

    Avoiding reality?

    http://hotair.com/archives/2012/12/07/november-jobs-report-146000-jobs-added-jobless-rate-drops-to-7-7/

    http://www.nytimes.com/2012/12/08/business/economy/us-creates-146000-new-jobs-as-unemployment-rate-falls-to-7-7.html?partner=rss&emc=rss&_r=0

    Two reports above. Although Hotair is clearer that this report is not good, both lead with what appears to be good news. The NYT starts off praising the report, then way down at the end of the article it reports that "some" economists warn the report is not so good. Reality: the report is not good.

    To paraphrase Ayn Rand -- you can attempt to avoid the consequences of reality but you can't avoid the consequences of attempting to avoid the consequences of reality. In reality many workers are dropping out of the labor force because they're giving up looking for a job, and that should have been the headline. Media can mislead the American people, and they can soften the reality of the economy, but they can't change the reality of unemployment or the reality of the economy.

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