The AP reported today that this week’s terrible unemployment numbers were due to fallout from Sandy – the storm that hit the Northeast last week. On its face, the excuse holds merit. When digging into the data, it looks like AP over-interpreted a footnote thereby giving the Administration a pass on an awful report. The [...]
Despite slowing job growth, strangely, the key unemployment rate fell .3% to 7.8% due to an unexpected upward 86,000 job revision by the Department of Labor. Secretary Solis spent the morning defending the rosy unemployment rate that is based on questionable revisions. Upwardly revising public sector employment by tens of thousands of jobs in the [...]
For Americans who still choose to get their news from the mainstream media corporations at ABC, NBC, and CBS, the news that 77% of the TARP bailout money has been repaid to the taxpayer seems like a marvelous revelation. Considering that that is about all the public has been told concerning the TARP taxpayer cash giveaway [...]
