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Thursday, March 15, 2012

BLOWING SMOKE...

If you don't read news reports carefully, they can easily be deceiving... as they are generally intended to be. The mission sttement of the media in general is no longer to report the news, but to spin the news in support of whatever political position the publisher or station owner happens to have adopted. Here's a prime example of the "smoke and mirrors" used by the liberal media:

"WASHINGTON (Reuters) - The number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the economy was firmly on a self-sustaining growth path.
Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 351,000, the Labor Department said on Thursday. That took claims back to a four-year low reached in February.
Separately, the New York Federal Reserve said its Empire State general business conditions index rose to 20.21 - highest level since June 2010 - from 19.53 in February.
"This suggests that the recovery is firmly on track," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida."

On the face of it we tend to think, "WOW, that's great! Joblessness is at a four year low! The economy is on it's way back up!" But if you remove the 'rose colored glasses' that Reuters has surreptitiously slipped you with this article, and ignore the dying embers of hopefulness in your heart, here's what the article really says:
The number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing in the Northeast held up in March, providing more signs the economy was firmly on a self-sustaining growth path. (There are fewer newly unemployed Americans applying for unemployment compensation than there have been during the past four years. This does not take into consideration those who have exhausted their unemployment benefits and are still unemployed, since unemployment statistics only include those people who are drawing unemployment compensation. Manufacturing "held up" in the Northeast? What does "held up" mean in real words, and what about the status of manufacturing in the other 80% of the country?)
Initial claims for state unemployment benefits dropped 14,000 to a seasonally adjusted 351,000, the Labor Department said on Thursday. That took claims back to a four-year low reached in February. (SMOKE ALARM! Okay, so 14,000 fewer new claims were made - BFD! The real statistic is that there are still 351,000 people who lost their jobs in February!! Where is the progress in that??
Separately, the New York Federal Reserve said its Empire State general business conditions index rose to 20.21 - highest level since June 2010 - from 19.53 in February. (How nice for New York State... and the 49 other states reported what?)
"This suggests that the recovery is firmly on track," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida." (I'm willing to bet that Scott Brown (WHO?) is a registered Democrat, liberal left-wing, "Hope and Change" weenie. And, exactly when did St. Petersburg, Florida become the economic forecasting capital of America? Did Greece use Raymond James of St. Petersburg for their economic guidance?)

The whole story is spun in an attempt by the liberal media to lull us into a sense of false security, and bolster the failing "Hope and Change" fairytale the current administration sold to America almost 3½ years  ago. This is "business as usual" for the vast majority of the mainstream media. There is a need for hope and change, but the hope is for a change... a change of "leadership" - once again - to get America back to its roots. Our survival as a Republic depends on that hope becoming reality!

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