Where Are The Jobs?

The Economy Is Even Worse Than You're Being Told

Mort Zuckerman tells the tale that the mainstream media won't.

The cumulative job losses over the last six months have been greater than for any other half year period since World War II, including the military demobilization after the war. The job losses are also now equal to the net job gains over the previous nine years, making this the only recession since the Great Depression to wipe out all job growth from the previous expansion.

When the economy was roaring under Bush, the mainstream media emphasized every tiny little inconvenience and did such a good job of it that a plurality of Americans believed that the US was in a recession even when the economy was white hot.

My Evil Plan Is Proceeding Exactly As I Have Foreseen

Barack Obama says that this porkulus plan is working perfectly.

Unfortunately, Tim Geithner didn't tell us until just recently how it was supposed to work.

The economy, he argued, "is going through is a very necessary and healthy adjustment as [Americans] go back to living within their means."

Not everybody is attempting to live within their means.

No Recession In Sight

So, why do we need a stimulus package?

The slowing U.S. economy is unlikely to sink into an election-year recession and an economic rebound could begin as early as next year as housing and financial market turmoil fades, the Congressional Budget Office forecast on Wednesday.

In the meantime, the U.S. budget deficit will grow to $219 billion this year, up from the $163 billion registered last year, according to a CBO report submitted to Congress.

Make that about $370 billion after our unnecessary stimulus package.

Medical quacks rely upon the certainty that 9 of 10 patients will recover from whatever ails them regardless of or in spite of the treatment they receive. Political quacks fall back on the same effect.