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April 15, 2010

Administration finds someone new to blame for economy

The need to protect Obama from bad press has brought out the inner poet in government officials. Another miracle in the age of Obama.

The Labor Department reported Thursday that first-time requests for jobless benefits rose 24,000 last week to a seasonally adjusted 484,000, the highest level since late February. Economists were predicting claims would fall.

It marked the second week that claims took an unexpected leap. In the prior week, claims rose 18,000 to 460,000.

A government analyst, however, cautioned against reading too much into both weeks' figures, saying they were clouded by seasonal adjustment difficulties related to the Easter holiday, which falls on different weeks each year.

George W. Bush, take heart. You're no longer the villain who ruined the economy. The real culprit?

The Easter Bunny.

To paraphrase Howie Carr, first they blamed the snow. Then the rain. Now it's the innocent Easter Bunny. I wonder what the excuse will be for April's numbers? Maybe people were too busy looking for the May flowers to find work? Hmmmm..."seasonal adjustment difficulties related to garden preparation." It has potential. Get on it, unnamed government analysts!




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posted by Slublog at 05:49 PM

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