Case in point (from MSNBC). . .
"The Labor Department reported Friday that the unemployment rate edged up to 8.2 percent, its first increase in 11 months, as American employers fretted over Europe, higher pump prices and the persistent problems in the housing market. . . " It's first increase in 11 months!!! The first ANYTHING doth not constitute a TREND. And there's the "F" word (no not that one), I mean "fretted". Who would know better about "fret" that these guys/girls who cultivate it like Jimmy Carter does peanuts.
". . . Non-farm payrolls rose by 69,000, the lowest increase in a year and well below the 150,000 jobs that economists had expected. . . " Economists EXPECTED. So what? Until they tell my why, how and everything else about why they expected that, why should I fret about what they say?
". . . "It's an awful number. Not only is it awful in its numerical terms, it comes at a very skittish time in the markets because of the European crisis," said Rick Meckler, president of Libertyview Capital Management. . . A number like this brings concern about a global slowdown. The time has probably come to for some new government action in the U.S., Europe and China," . . . " YEAH! Prolly IS, Rick. (Who the hell is THIS GUY? C'mon press. What makes Libertyview special?) Of course Rick is upset!!! And furthermore, ". . . the time has PROBABLY come to(sic) for some NEW GOVERNMENT action in the U.S. . . "???? I do believe Rick may be a Socialist. (Strange line of business for a Socialist.)
". . . The news came after a government report Thursday that showed the U.S. economy expanded at a 1.9 percent annualized rate in the first quarter, below the initial estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter. . . " 1.9%; 2.2%; 3%??? A fraction of a percent here and a fraction of a percent there and pretty soon we're talking 3.1%!!!!
". . . "Today's weak jobs report is devastating news for American workers and American families," Romney said in a statement shortly after the data was released. . . " Exactly what I expected Romney would say. What else is new?
". . . The Obama administration said that while the jobs data was unacceptable, Congress needed to act to help the economy. "Congress has to take some action because while we see the unemployment rate where it is, it's not acceptable," Solis told CNBC. . . " (Hilda Solis, U.S. Secretary of Labor) Well put Hilda. What does Congress do anyway?
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