OK, so some economist said a whole bunch of people might lose their jobs. Then, the actual numbers came in less than what might have been.
Harry Reid was thrilled. You can see the excitement in his eyes. You can hear it in his voice:
Now, this is where it gets dicey. The immediate assumption by Harry and supporting media is that since things didn’t get worse, they have to be getting better. Yeah. History, please:
| Year | February | March | Change |
| 2000 | 4.1 | 4 | -0.1 |
| 2001 | 4.2 | 4.3 | 0.1 |
| 2002 | 5.7 | 5.7 | 0 |
| 2003 | 5.9 | 5.9 | 0 |
| 2004 | 5.6 | 5.8 | 0.2 |
| 2005 | 5.4 | 5.2 | -0.2 |
| 2006 | 4.8 | 4.7 | -0.1 |
| 2007 | 4.5 | 4.4 | -0.1 |
| 2008 | 4.8 | 5.1 | 0.3 |
| 2009 | 8.2 | 8.6 | 0.4 |
Six out of the last ten years, that’s 60 percent, March was worse than February. To put it in a little more perspective, since Harry Reid and Nancy Pelosi took over the spending process in Congress, they’re 0 for 2.
That’s zero percent. Nevermind that, everyone should party since only 36,000 more people lost their jobs “today”.
Comments
Comments:
Leave a Reply
