atomic_fungus (atomic_fungus) wrote,
atomic_fungus
atomic_fungus

#2251: No, we don't "feel" that; we know it.

I get so tired of this kind of bullshit: "The government is about to confirm what many people have felt for some time: The economy barely has a pulse."

When you say someone "feels" something, you're minimizing his position. "Joe feels that he has been slighted by our offer of a 1% raise after all the 70-hour weeks he's been working for the past three years." It weakens the statement, making it more passive.

You don't say, "I feel unemployed"; you say "I am unemployed".

The article does its best to put a brave face on an almost universally shitty economy; I've highlighted the key phrases:
The Commerce Department on Friday will revise its estimate for economic growth in the April-to-June period and Wall Street economists forecast it will be cut almost in half, to a 1.4 percent annual rate from 2.4 percent.

That's a sharp slowdown from the first quarter, when the economy grew at a 3.7 percent annual rate, and economists say it's a taste of the weakness to come. The current quarter isn't expected to be much better, with many economists forecasting growth of only 1.7 percent.

Such slow growth won't feel much like an economic recovery and won't lead to much hiring. The unemployment rate, now at 9.5 percent, could even rise by the end of the year.
That latter is the icing on the cake: unemployment is already rising and I'd wager that 9.5% figure is going to be obsolete as soon as the labor department gets around to releasing new statistics.

Here's what the writer wants you to take from those paragraphs:
* The economy is growing, albeit very slowly
* This quarter will be better than last quarter
* There is some hiring taking place, though not much
* The unemployment rate will rise a little bit before the end of the year.
It's all crap, of course. One of the numbers used to determine GDP is government spending, and our government has spent $1.50 for each dollar of revenue it's taken in, generating a massive annual deficit two years running and saddling the next couple generations with an enormous debt. None of that is going to help the economy, not now and not in the near future.

Obamanomics has failed. As a lot of us on the right predicted it would.

The Ruling Class and Democrat Regime would like us to believe that things are better than they are, and as AP is part of the Ruling Class it's not hard to figure out why they're echoing Pollyanna: there's an election coming up in a few of months, and they're hemorrhaging approval ratings.
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