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December 05, 2011

Economic Reportage Under Bush: Don't Fall For Illusory Reductions in Unemployment Rate; That's Just People Leaving the Workforce In Frustrated Agony
Economic Reportage Under Obama: Ka-Effing-Ching!, Baby!

Time for the "economic recovery montage" they loved showing under Clinton -- cash registers sweetly beeping as they ring up sales, Help Wanted signs going up, the government printing out millions of dollars in new bills.

(That last one doesn't logically connotes economic recovery as much as it connotes "inflating away debt," but the media finds it useful as a stand-in for what they really want to show: a Las Vegas slot machine hitting a Jackpot and spitting out gold coins.)

And yet, under Bush, they were very meticulous about noting the fact that people opting out of the workforce was a sign of economic weakness, not recovery.

posted by Ace at 03:48 PM

| Access Comments


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Time for the "economic recovery montage" they loved showing under Clinton -- cash registers sweetly beeping as they ring up sales, Help Wanted signs going up, the government printing out millions of dollars in new bills. (That last one doesn't logically connotes economic recovery as much as it connotes "inflating away debt," but the media finds it useful as a stand-in for what they really want to show: a Las Vegas slot machine hitting a Jackpot and spitting out gold coins.) And yet, under Bush, they were very meticulous about noting the fact that people opting out of the workforce was a sign of economic weakness, not recovery. posted by Ace at 03:48 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments Braenyard - some absent friends are more equal than others: "418 The Revolutions of 1848 were an interesting ti ..." Candidus: "So I took a lap around the interwebs, scrolled X, ..." RedMindBlueState[/i][/b][/s][/u]: "Euroweenies. I can't type. ..." 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Economic Reportage Under Bush: Don't Fall For Illusory Reductions in Unemployment Rate; That's Just People Leaving the Workforce In Frustrated AgonyEconomic Reportage Under Obama: Ka-Effing-Ching!, Baby!

Economic Reportage Under Bush: Don't Fall For Illusory Reductions in Unemployment Rate; That's Just People Leaving the Workforce In Frustrated Agony
Economic Reportage Under Obama: Ka-Effing-Ching!, Baby!