Thursday, May 20, 2010

Another special rule for Obama

As the unemployment rate continues to creep up, you'll see more of this:

It sounds dreadful. After drifting down consistently since last fall, the unemployment rate has suddenly shot up again, from 9.7 percent in March to 9.9 percent in April. But don't despair: A rising unemployment rate is actually one of the best signs yet that the economy is bouncing back.

The spin is that Obama has inspired us with hope, and therefore the "discouraged" unemployed are once more looking for work, which in turn "artificially exaggerates" the unemployment rate.

I don't remember the media ever making that excuse for any other president.

Increasing unemployment is increasing unemployment. It is not "one of the best signs yet".

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