So I made the mistake of turning on CNBC this morning. I caught a bit with the absurdly named Steve Liesman "dissecting" the new GDP numbers. At the end of the bit he said this:
The recession, from every possible technical standpoint, is now, Larry, finally over.Be sure to tell that, Liesman, to the 15 million people still out of work, the 2.5 to 3 million more who have dropped out* of the labor force entirely, the 10 million or so who have part time jobs who want full time jobs, and the tens of millions more who are making less than they were four years ago. (And a good many of those people are still fearing for their jobs because despite all the crap one hears, levels of business activity are still diminishing in many areas.)
Really, the level of bullshit being spouted by our leaders about the economy defies belief. Our good President can't even mention the word "unemployment" in the State of the Union address because the word doesn't test well in front of the focus groups. I wonder which set of leaders are lying to their nation more, those guys in the Middle East about to be overthrown or the assholes in NYC and Washington DC running this country?
* At least according to the BLS, whose numbers become more unbelievable with each release.
UPDATE: In the very next segment some analysts claim that we will see a growth of almost 2.8 million jobs this year. Un-fucking-real. That's almost 240,000 jobs added a month. At least Liesman states that he doesn't think unemployment is going to get better - he just thinks the unemployed people don't matter. ("The fate of the economy will be determined by the 90.6 percent of the population ... that is employed.") After all, as long as the "economy" is doing better he gets to keep his job. How did all these fuckers who did NOT see the recession coming get to keep their jobs and homes, and I, who DID see it coming, didn't get to keep either? There ain't no justice.
Time to stop watching the news....