Saturday, February 4, 2012

Okay, what the heck! According to Yahoo News in this story, the economy looks great.

WASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

But the same Yahoo News also has another story with the Headline that says, "Goodbye, Middle Class", which states,
Fifty percent of the unemployed in New Jersey have been out of work for more than six months, and it's a similar story in Florida, Illinois and Nevada, according to the Brookings Institute.
And another website, Zerohedge, explains that,

A month ago, we joked when we said that for Obama to get the unemployment rate to negative by election time, all he has to do is to crush the labor force participation rate to about 55%. Looks like the good folks at the BLS heard us: it appears that the people not in the labor force exploded by an unprecedented record 1.2 million. No, that's not a typo: 1.2 million people dropped out of the labor force in one month!
Isn't this just rich! A pathetic media can't even keep straight what they want us to believe. Things are great and suck at the same time. You see, as my friend tells me, the economy is doing great. Wall Street is doing great. Of course in the same story we are told,

However, economists at most leading Wall Street firms still believe the Fed will undertake another bond-buying program, according to a Reuters poll.

Ta da. So the Fed bails out bankers and people on Wall Street, and who pays for this? If you haven't figured this out yet, it isn't the poor since they don't have money and the Rich are getting this money. So who's left? Just read the story carefully, and you'll figure it out.

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