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.
http://www.usnews.com/money/blogs/flowchart/2010/5/7/why-a-rising-unemployment-rate-is-good-news.html

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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