Wait, you're insinuating that we do nothing? That's what got us into this mess.
Consider the quality of what we are being told:
"For the week ended 12/19, 10.42 million Americans were receiving unemployment benefits, With 5.44 million Extended claims (week ended 12/19) and 4.98 million Continuing claims.
"But NSA jobless claims show a far different story. The advance number of actual initial claims under state programs, unadjusted, totaled 645,571 in the week ending Jan. 2, an increase of 88,000 from the previous week. There were 731,958 Initial claims in the comparable week in 2009... The advance unadjusted number for persons claiming UI benefits in state programs totaled 5,479,110, an increase of 388,729 from the preceding week. A year earlier, the rate was 4.0 percent and the volume was 5,317,388.
"So the actual, the real benefits paid (Initial, Continuing, and EUC claims) hit another record of 11.268 million." (
source: The Big Picture)
Yet, we were told we only lost 85,000 jobs in December. I guess BLS is trusting that none of us own calculators. Certainly Wall st. investors do not as they greeted this as 'evidence' the recession is over. Never mind the inconvenient fact that ECRI Leading Indicators Fell to Lowest Level Ever.. that's EVER!!!!!!!!!
Where are the front page news headlines?? Do papers think no one cares if they have a job or not????
We were also told that retail sails dropped far less than expected. I believe the number was 1% in December. OK, that's positive news, right? So, I spent the morning verifying. Can anyone tell me which state in America does not have a sales tax? If retail sales were off just 1%, why are state sales tax collections down 10% or more?
Again, bogus economic numbers are being released and parroted by major news media outlets which aren't even bothering to check them and ask questions. Who would disagree that Wall St. seems totally oblivious and just as importantly our Spiral of Death remains unchecked? Neither elected officials, ( of either party ) nor the news media is serving us well.
Frankly, with incorrect information, almost no opinion pages and certainly no outrage as to what's happening to America along with no questions why it's happening, it's no wonder all newspapers are showing reduced readership. If conservative talk radio doesn't wake up, they will be right behind the papers.
All of the news media ought to be ashamed of themselves and they deserve what they get.