Hey, You Know Who Seems To Like Sharron Angle? George Will | Main | WHOA: 60% Favor Repeal of ObamaCare
July 05, 2010

The media finally uses the dreaded "D" word

Of course its the foreign media, not our domestic DNC mouthpieces.

...Roughly a million Americans have dropped out of the jobs market altogether over the past two months. That is the only reason why the headline unemployment rate is not exploding to a post-war high.

Let us be honest. The US is still trapped in depression a full 18 months into zero interest rates, quantitative easing (QE), and fiscal stimulus that has pushed the budget deficit above 10pc of GDP.

The share of the US working-age population with jobs in June actually fell from 58.7pc to 58.5pc. This is the real stress indicator. The ratio was 63pc three years ago. Eight million jobs have been lost.

The average time needed to find a job has risen to a record 35.2 weeks. Nothing like this has been seen before in the post-war era. Jeff Weninger, of Harris Private Bank, said this compares with a peak of 21.2 weeks in the Volcker recession of the early 1980s...

Now that the cat is out of the bag, and has been used in a fairly major media outlet, will there be a terminology preference cascade over the next few months?

What would be the implication if some of the MFM here in the US started using such politically inconvenient terminology?

bread line pic


digg this
posted by Purp at 05:48 PM

| Access Comments




Recent Comments
Bitter Clinger and All That (Back from the Dead): "Any one pops up next to me in a mask is going to g ..."

filbert: "[i]The Revolution will not have table manners! Po ..."

rickb223 [/s][/b][/i][/u]: "If we're going to have a pi fight, can we at least ..."

ScoggDog: "[i]Sorry CBD. My excuse is, I have the flu and am ..."

Axeman: "The Revolution will not have table manners! ..."

torabora: "So Tom Steyer is going to use his billion$$$$ to a ..."

Tami[/i][/b][/s][/u]: "44 Still can't believe the great state of Indiana ..."

Grump928(C): "I'm of an age where I expected, and was expected, ..."

Pajama Boy: "Two. I did [i]two[/i] pushups. Now for that pi. ..."

grammie winger -The Cubs Suck Again: "When we have an obvious troll, please don't copy i ..."

J.J. Sefton: " 206 *After 30 seconds of gunfire* I changed m ..."

filbert: "If we're going to have a pi fight, can we at least ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64