Jan 7th, 2011
Leave it to a stooge from the Murdoch Device, in this case FOXBusiness "commentator" Eric Bolling, to spin the latest job numbers as "bad news." But the number of provable lies he spouts is troubling... even for a Murdoch Drone.
The most blatant canard he foists relates to what we call "shadow unemployment." He implies that the numbers are primarily down because of people who "have pulled themselves out of the workforce." This is, as any adult who has read the latest numbers will tell you, bullshit. For the very first time a very long time, those numbers actually went down.
It gets better as he smugly dismisses the jobs that were created in the last month:
"A robust economy creates more than 150,000 jobs per month just to keep up with the population."
Okay. Fine. It would be one thing to merely harp on the fact that less jobs we're created than anyone would like. However, Bolling has argued, as all Murdoch Drones do, that a wholesale return to W Era economic policy, and the "W Tax Cuts" in particular, is the only course that can "correct" our economy. The average monthly job creation under the entire George W Bush administration was... wait for it...
31,250 jobs per month.
Bolling can suck it. Where was his criticism much less his righteous indignation then?
It's worth putting his "analysis" in some broader context. Let's take the way-back-machine to just prior to the 2008 Presidential election. After the several month gas price crisis that Summer, Bolling attributed the easing of wholesale barrel prices to... the selection of Sarah Palin as John McCain's running mate.
Friday, January 7, 2011
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