Thursday, January 21, 2010

Unexpected-O's for breakfast again

Jobless claims up again.

Media is shocked, again.

Somehow the media has spent the last eight months telling us how "unexpected" the bad economic news is. They need new experts if you ask me, the ones they use now are too stupid for words.

I suppose the media was banking on the unemployed giving up looking for work and letting their unemployment checks run out. That is the only way for the official unemployment rate to go down these days. Fact is real unemployment is more like 17% right now.

Pouring another big bowl of Unexpected-O's for breakfast!

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